<p>作者：William Gavin</p>
<p>投资者在周一早些时候对这家卫星公司的速度突破感到兴奋。但盘后财报显示收入大幅低于预期。</p>
<p>AST SpaceMobile 的股价在一年内上涨了三倍以上。</p>
<p>AST SpaceMobile 曾因投资者对公司卫星速度的乐观情绪而高涨，但现在它们正面临回吐大部分涨幅的风险。</p>
<p>尽管这家卫星公司维持了全年收入在 1.5 亿至 2 亿美元之间的指引，但 AST SpaceMobile（ASTS）第一季度的收入远低于预期。根据 FactSet 的数据，它在 3 月份的季度仅产生了 1470 万美元的收入，而华尔街预测为 3900 万美元。</p>
<p>这与归属于股东的净亏损 1.91 亿美元相比，2025 年第一季度的亏损为 4570 万美元，而分析师预计的亏损为 8680 万美元，数据来源于 FactSet。</p>
<p>AST SpaceMobile 每股亏损 66 美分，亏损幅度大于去年同期报告的每股 20 美分。根据 FactSet 的数据，分析师预计每股亏损为 24 美分。</p>
<p>截至 3 月 31 日，AST SpaceMobile 拥有 35 亿美元的现金及现金等价物。</p>
<p>这些结果让投资者失望。AST SpaceMobile 的股价在周一的延长交易中下跌超过 9%。在常规交易中，它们上涨了 10%。</p>
<p>在过去几年中，AST SpaceMobile 及其股票的受欢迎程度激增，投资者对公司未来的乐观预期推动了这一趋势。过去 12 个月，股价上涨了三倍，这与公司的财务表现结合在一起，使一些人将 AST SpaceMobile 视为一只 “迷因股”。</p>
<p>这家卫星公司计划提供其所谓的 “首个也是唯一的基于太空的移动宽带网络”，用于消费和商业应用。AST SpaceMobile 在这方面取得了一些进展，与数十家移动网络运营商达成协议，并成功发射了七颗卫星进入轨道。</p>
<p>该公司周一表示，其较旧的 Block 1 BlueBird 卫星能够提供高达 98.9 兆比特每秒的峰值下载速度。它补充说，其下一代卫星的速度几乎将翻倍。</p>
<p>查看更多：‘SpaceX 黑手党’ 来了。埃隆·马斯克的大型 IPO 可能会启动一系列新公司。</p>
<p>目前，AST SpaceMobile 的收入主要来自与美国政府的合作以及其网关地面站的交付。它计划在今年下半年开始商业服务。</p>
<p>根据该公司的说法，需发射 45 至 60 颗卫星，以实现其目标市场（包括美国和日本）之间的持续卫星互联网覆盖。周一，该公司重申了到年底发射 45 颗卫星的计划。</p>
<p>为了实现这一目标，AST SpaceMobile 计划在今年通过几枚火箭发射其卫星。首席执行官 Abel Avellan 在一份声明中表示，三颗卫星计划在 6 月中旬发射入轨，另外 20 多颗航天器正在生产中。</p>
<p>该公司需要依赖一些发射合作伙伴，包括蓝色起源和 SpaceX。蓝色起源预计一次可以将多达八颗卫星送入轨道，但上个月未能将 BlueBird 7 卫星送入正确轨道。</p>
<p>阅读更多：Rocket Lab 的股票因其业务快速扩展的新迹象而上涨</p>
<p>根据德意志银行分析师 Edison Yu 的说法，执行 2026 年的发射计划对 AST SpaceMobile 至关重要。他在上个月的一份报告中表示，该公司的股票表现将取决于公司是否能够坚持计划，并在 2027 年上半年启动商业运营。</p>
<p>“如果在 2026 年未能加快发射节奏，将会在投资者心中播下怀疑的种子，并引发对 ASTS 的移动网络运营商合作伙伴可能不会继续支持公司的担忧，” Yu 写道。他对该股票的评级为买入。</p>
<p>如果公司能够按计划进行，它可能会在直接到设备市场中占据 “健康份额”，Yu 表示。但竞争可能会非常激烈。</p>
<p>SpaceX 的 Starlink 已经提供卫星互联网服务多年，并在轨道上拥有超过 10,000 颗卫星。亚马逊（AMZN）与 AST SpaceMobile 一样，仍在开发其 Leo 业务，但最近宣布达成收购 Globalstar（GSAT）的协议，这将为其提供额外的卫星和频谱许可证。</p>
<p>查看更多：Globalstar 的收购如何可能使亚马逊的 Leo 成为卫星强国</p>
<p>-William Gavin</p>
<p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻社</p>
<p>05-11-26 1732ET</p>

太空板块本周再度沸腾！RKLB 单日飙 34%、Q1 营收同比+64%；ASTS 涨近 15%、PL 涨 11%；DXYZ 因重仓 16% SpaceX 暴涨 21%。SpaceX 6月路演冲 1.75 万亿估值在即——你是先上车，还是攒钱等 SpaceX？

<p>太空板块本周再度沸腾！RKLB 单日飙 34%、Q1 营收同比+64%；ASTS 涨近 15%、PL 涨 11%；DXYZ 因重仓 16% SpaceX 暴涨 21%。SpaceX 6月路演冲 1.75 万亿估值在即——你是先上车，还是攒钱等 SpaceX？</p>

太空板块再爆发，等SpaceX还是先上车？

ASTS

<p>AST SpaceMobile 的股票在令人失望的财报发布后下跌超过 9%，第一季度收入为 1470 万美元，远低于 3900 万美元的预期。该公司还报告了 1.91 亿美元的净亏损，超出了分析师的预期。尽管维持全年收入指导在 1.5 亿至 2 亿美元之间，但投资者的乐观情绪减弱，因为该股票在过去一年中已经上涨了三倍，面临挑战。AST SpaceMobile 计划在年底前发射 45 颗卫星，以支持其卫星互联网服务，但来自 SpaceX 和亚马逊等成熟竞争对手的压力依然很大</p>

<p>By William Gavin</p>
<div class="lb-trans"><p>作者：William Gavin</p>
</div><p>Investors had been excited early Monday about speed breakthroughs at the satellite company. But the after-hours earnings report showed a sizable revenue miss.</p>
<div class="lb-trans"><p>投资者在周一早些时候对这家卫星公司的速度突破感到兴奋。但盘后财报显示收入大幅低于预期。</p>
</div><p>AST SpaceMobile shares have more than tripled in a year.</p>
<div class="lb-trans"><p>AST SpaceMobile 的股价在一年内上涨了三倍以上。</p>
</div><p>AST SpaceMobile's had been riding high on investor optimism about the company's satellite speeds, but now they're on track to give back a good portion of those gains back.</p>
<div class="lb-trans"><p>AST SpaceMobile 曾因投资者对公司卫星速度的乐观情绪而高涨，但现在它们正面临回吐大部分涨幅的风险。</p>
</div><p>Although the satellite company maintained its full-year guidance of revenue between $150 million and $200 million, AST SpaceMobile (ASTS) posted first-quarter revenue well below expectations. It generated just $14.7 million in the March quarter, compared to the $39 million forecast by Wall Street, according to FactSet.</p>
<div class="lb-trans"><p>尽管这家卫星公司维持了全年收入在 1.5 亿至 2 亿美元之间的指引，但 AST SpaceMobile（ASTS）第一季度的收入远低于预期。根据 FactSet 的数据，它在 3 月份的季度仅产生了 1470 万美元的收入，而华尔街预测为 3900 万美元。</p>
</div><p>That's against a net loss of $191 million attributable to shareholders, compared to a $45.7 million loss in the first quarter of 2025 and the $86.8 million expected by analysts, according to FactSet.</p>
<div class="lb-trans"><p>这与归属于股东的净亏损 1.91 亿美元相比，2025 年第一季度的亏损为 4570 万美元，而分析师预计的亏损为 8680 万美元，数据来源于 FactSet。</p>
</div><p>AST SpaceMobile posted a loss per share of 66 cents, a steeper loss than the 20 cents a share it reported in the year-ago quarter. Analysts had expected a loss of 24 cents a share, according to FactSet.</p>
<div class="lb-trans"><p>AST SpaceMobile 每股亏损 66 美分，亏损幅度大于去年同期报告的每股 20 美分。根据 FactSet 的数据，分析师预计每股亏损为 24 美分。</p>
</div><p>AST SpaceMobile has $3.5 billion in cash and cash equivalents as of March 31.</p>
<div class="lb-trans"><p>截至 3 月 31 日，AST SpaceMobile 拥有 35 亿美元的现金及现金等价物。</p>
</div><p>The results disappointed investors. AST SpaceMobile shares fell by more than 9% in Monday's extended session. They had risen 10% in the regular session.</p>
<div class="lb-trans"><p>这些结果让投资者失望。AST SpaceMobile 的股价在周一的延长交易中下跌超过 9%。在常规交易中，它们上涨了 10%。</p>
</div><p>AST SpaceMobile and its stock have exploded in popularity over the last few years as investors have rallied around a bullish view of the company's future. Shares have tripled over the last 12 months, which coupled with the company's financial performance, have led some to label AST SpaceMobile as a meme stock.</p>
<div class="lb-trans"><p>在过去几年中，AST SpaceMobile 及其股票的受欢迎程度激增，投资者对公司未来的乐观预期推动了这一趋势。过去 12 个月，股价上涨了三倍，这与公司的财务表现结合在一起，使一些人将 AST SpaceMobile 视为一只 “迷因股”。</p>
</div><p>The satellite company plans to offer what it calls the &#34;first and only space-based cellular broadband network&#34; for consumer and commercial applications. AST SpaceMobile has made some progress on that front, inking deals with dozens of mobile network operators and successfully launching seven satellites to orbit.</p>
<div class="lb-trans"><p>这家卫星公司计划提供其所谓的 “首个也是唯一的基于太空的移动宽带网络”，用于消费和商业应用。AST SpaceMobile 在这方面取得了一些进展，与数十家移动网络运营商达成协议，并成功发射了七颗卫星进入轨道。</p>
</div><p>The company said Monday that its older Block 1 BlueBird satellites are capable of providing a peak download speed of 98.9 megabits per second. It added that its next-generation satellites should nearly double that speed.</p>
<div class="lb-trans"><p>该公司周一表示，其较旧的 Block 1 BlueBird 卫星能够提供高达 98.9 兆比特每秒的峰值下载速度。它补充说，其下一代卫星的速度几乎将翻倍。</p>
</div><p>See more: The 'SpaceX mafia' is here. Elon Musk's big IPO could launch a constellation of new companies.</p>
<div class="lb-trans"><p>查看更多：‘SpaceX 黑手党’ 来了。埃隆·马斯克的大型 IPO 可能会启动一系列新公司。</p>
</div><p>Currently, AST SpaceMobile's revenue is driven by its work with the U.S. government and deliveries of its gateway ground stations. It aims to begin commercial services in the second half of this year.</p>
<div class="lb-trans"><p>目前，AST SpaceMobile 的收入主要来自与美国政府的合作以及其网关地面站的交付。它计划在今年下半年开始商业服务。</p>
</div><p>Between 45 and 60 satellites will be needed to enable continuous satellite-internet coverage across its target markets, including the U.S. and Japan, according to the company. On Monday, the company reaffirmed its plans to launch 45 satellites by the end of the year.</p>
<div class="lb-trans"><p>根据该公司的说法，需发射 45 至 60 颗卫星，以实现其目标市场（包括美国和日本）之间的持续卫星互联网覆盖。周一，该公司重申了到年底发射 45 颗卫星的计划。</p>
</div><p>To get there, AST SpaceMobile plans to launch its satellites on several rockets this year. In a statement, CEO Abel Avellan said three satellites are set to be launched to orbit in mid-June, while more than 20 additional spacecraft are in production.</p>
<div class="lb-trans"><p>为了实现这一目标，AST SpaceMobile 计划在今年通过几枚火箭发射其卫星。首席执行官 Abel Avellan 在一份声明中表示，三颗卫星计划在 6 月中旬发射入轨，另外 20 多颗航天器正在生产中。</p>
</div><p>The company will need to rely on a few launch partners, including Blue Origin and SpaceX. Blue Origin expects to carry up to eight satellites to orbit at a time, though it failed to send the BlueBird 7 satellite to the proper orbit last month.</p>
<div class="lb-trans"><p>该公司需要依赖一些发射合作伙伴，包括蓝色起源和 SpaceX。蓝色起源预计一次可以将多达八颗卫星送入轨道，但上个月未能将 BlueBird 7 卫星送入正确轨道。</p>
</div><p>Read more: Rocket Lab's stock rises upon new signs its business is expanding rapidly</p>
<div class="lb-trans"><p>阅读更多：Rocket Lab 的股票因其业务快速扩展的新迹象而上涨</p>
</div><p>Executing on its 2026 launch plans is crucial for AST SpaceMobile, according to Deutsche Bank analyst Edison Yu, who said in a note last month that the company's stock performance will be based on whether the company can stick to its plans and launch commercial operations by the first half of 2027.</p>
<div class="lb-trans"><p>根据德意志银行分析师 Edison Yu 的说法，执行 2026 年的发射计划对 AST SpaceMobile 至关重要。他在上个月的一份报告中表示，该公司的股票表现将取决于公司是否能够坚持计划，并在 2027 年上半年启动商业运营。</p>
</div><p>&#34;Failure to accelerate the launch cadence during 2026 will sow doubt inthe minds of investors and raise concerns that ASTS' [mobile network operator] partners might not stick with the company,&#34; Yu wrote. He rates the stock at buy.</p>
<div class="lb-trans"><p>“如果在 2026 年未能加快发射节奏，将会在投资者心中播下怀疑的种子，并引发对 ASTS 的移动网络运营商合作伙伴可能不会继续支持公司的担忧，” Yu 写道。他对该股票的评级为买入。</p>
</div><p>If the company can keep to its schedule, it could carve out a &#34;healthy share&#34; of the direct-to-device market, Yu said. But competition will likely be stiff.</p>
<div class="lb-trans"><p>如果公司能够按计划进行，它可能会在直接到设备市场中占据 “健康份额”，Yu 表示。但竞争可能会非常激烈。</p>
</div><p>SpaceX's Starlink has been offering satellite-internet services for years and has more than 10,000 satellites in orbit. Amazon (AMZN) is, like AST SpaceMobile, still developing its Leo business but recently announced a deal to acquire Globalstar (GSAT), which would give it additional satellites and spectrum licenses.</p>
<div class="lb-trans"><p>SpaceX 的 Starlink 已经提供卫星互联网服务多年，并在轨道上拥有超过 10,000 颗卫星。亚马逊（AMZN）与 AST SpaceMobile 一样，仍在开发其 Leo 业务，但最近宣布达成收购 Globalstar（GSAT）的协议，这将为其提供额外的卫星和频谱许可证。</p>
</div><p>See more: How the Globalstar purchase could turn Amazon's Leo into a satellite powerhouse</p>
<div class="lb-trans"><p>查看更多：Globalstar 的收购如何可能使亚马逊的 Leo 成为卫星强国</p>
</div><p>-William Gavin</p>
<div class="lb-trans"><p>-William Gavin</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻社</p>
</div><p>05-11-26 1732ET</p>
<div class="lb-trans"><p>05-11-26 1732ET</p>
</div>

AST SpaceMobile 的股票下跌，因其收益表现令人极为失望