On June 11, AST SpaceMobile rose 5.08% in regular trading, trading at $94.08/share, with trading volume of $315 million. The rally was driven by the upcoming launch of three next-generation BlueBird satellites scheduled for June 17.

The company announced that its BlueBird 8, 9, and 10 satellites will launch from Cape Canaveral, Florida aboard a SpaceX Falcon 9 rocket. The mission aims to expand AST SpaceMobile's direct-to-device broadband network, which delivers voice, data, and video directly to standard, unmodified smartphones. The new satellites feature peak data transmission rates nearly double those of the first-generation Block 1 BlueBird satellites, which recently demonstrated download speeds of 98.9 Mbps directly to handsets. Each satellite is equipped with a communications array of approximately 2,400 square feet, making them among the largest commercial arrays ever deployed in low Earth orbit.

The stock had previously declined from the $112 level to around $92 following a Deutsche Bank downgrade and concerns over Blue Origin rocket testing failures. The confirmed SpaceX launch schedule appears to have alleviated near-term deployment anxieties, catalyzing a technical rebound.

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