On May 26, AST SpaceMobile rose 8% in regular trading, trading at $115.31/share, with trading volume of approximately $295 million. The stock extended its strong upward momentum driven by multiple positive catalysts.

On the news front, major US telecommunications carriers announced plans to form a joint venture aimed at delivering satellite-powered direct-to-device connectivity services. CEO Abel Avellan stated the initiative represents a landmark milestone, with the company positioned as the only system globally capable of delivering hundreds of megabits per second of space-based broadband without requiring any modification to existing handsets. The CEO also reaffirmed the target of launching 45 satellites this year at a pace of one launch per month, emphasizing speed and capacity as key competitive advantages over rivals including SpaceX.

The broader space sector rallied in tandem, with peers Rocket Lab and Iridium also posting gains. Within the Alternative Carriers sector, Cogent rose 11.73%, Iridium gained 2.35%, Lumen Technologies added 2.34%, and Globalstar edged up 0.51%.

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