AST SpaceMobile rises on launch plans for new satellite
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AST SpaceMobile's stock rose following the announcement of its plans to launch the Bluebird 6 satellite next month. This next-generation satellite aims to provide satellite-based broadband service directly to consumers, enhancing data transmission capabilities. Despite the positive market reaction, AST SpaceMobile, like its competitors, remains unprofitable and is expected to report losses for the next two years.
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