1,000 Reasons to Buy AST SpaceMobile Stock Now

Space companies recently received a government tailwind, making AST SpaceMobile (ASTS) an attractive stock to own. Valued at a market capitalization of more than $24 billion, ASTS stock has returned 400% over the last five years. However, shares are also down 55% from all-time highs, giving investors a chance to buy the dip. 

AST SpaceMobile has spent years promising a satellite network that could easily integrate with a smartphone. The promise is now materializing into contracts and a growing list of partners. Moreover, a new policy push out of Washington could hand the entire space sector — ASTS stock included — a meaningful boost.

Here is what is driving the excitement, and why long-term investors keep circling back to space-tech stocks.

The Bull Case for AST SpaceMobile Stock

AST SpaceMobile is building what it calls the first global cellular broadband network in space that works with regular, unmodified mobile phones. CEO Abel Avellan has said that the company invented the space-based direct-to-device market, and that it is not trying to replace mobile carriers. Instead, the company aims to extend their existing networks into space, filling in coverage gaps for the billions of people worldwide who still lack reliable cellular service.

That partnership-first approach has paid off. AST SpaceMobile now counts more than 60 mobile network operator partners covering more than 3 billion subscribers, including AT&T (T), Verizon (VZ), Vodafone (VODPF), Rakuten (RKUNF), and Bell Canada (BCE).

Last week, space stocks broadly received a boost when President Donald Trump signed a memorandum aimed at expanding U.S. commercial space activity. The White House wants at least 1,000 commercial launches and reentries per year by 2030. That would mark a massive jump from the 178 launches recorded last year, which was itself already 10 times the 2013 total, according to Reuters.

The memorandum pushes federal agencies to open government land for new launch sites, accelerate permitting, free up wireless spectrum for launches, and avoid competing with private companies unless safety or national security demands it.

Trump also wants astronauts back on the moon by 2028, with NASA directed to support commercial trips to the moon and eventually Mars, per Reuters. A new federal reentry site is supposed to be identified within 90 days.

The memorandum does not name AST SpaceMobile specifically. But any rule that makes it faster and cheaper to build, launch, and fly satellites benefits a company racing to get dozens more spacecraft into orbit.

AST SpaceMobile Is Growing at a Fast Clip

For the second quarter of 2026, AST SpaceMobile reported revenue of $31.5 million, up more than 100% sequentially, driven by government contract milestones and gateway equipment sales to its carrier partners. In the Q2 report, management reiterated full-year 2026 revenue guidance of $150 million to $200 million. Contracted revenue and government awards now total roughly $1.3 billion, up sharply from prior quarters. 

President Scott Wisniewski told investors that the company expects revenue to approach $1 billion in its first full year of commercial service, split roughly evenly between government and commercial customers. 

The company recently landed three new U.S. contract awards worth more than $100 million combined. Executives also pointed to a pending roughly $1 billion award tied to Japan's J LEO satellite infrastructure program with long-time partner Rakuten. 

AST SpaceMobile ended the quarter with more than $3.7 billion in cash, cash equivalents, and restricted cash, boosted by a $1.15 billion convertible note offering completed in July. That balance sheet funds a constellation aimed at more than 90 satellites, with 13 already in orbit and around 45 targeted by early 2027, which management says will unlock commercial service in the U.S. and other early markets. The company controls close to 100 megahertz of spectrum in the United States and more than 60 MHz globally when combined with partner-owned frequencies.

Is ASTS Stock Undervalued?

Overall, AST SpaceMobile has a consensus “Moderate Buy” rating on Wall Street. Out of the 14 analysts covering ASTS stock, five recommend a “Strong Buy" rating, eight recommend a “Hold,” and one recommends a “Strong Sell” rating. The average price target of $84.40 suggests potential upside of 41% from current levels.

Between a fattening backlog, a friendlier regulatory climate, and a satellite fleet finally reaching meaningful scale, AST SpaceMobile has built a case that goes well beyond hype. Whether that translates into a higher share price for ASTS stock depends on execution from here, but the pieces investors have been waiting for are finally showing up in the numbers.