AST SpaceMobile Stock Soars Following Major Saudi Agreement

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) surged on Friday, building on the positive momentum generated by a significant commercial agreement disclosed earlier in the week. The stock rose as investors expressed confidence ahead of the company’s upcoming quarterly earnings report.

The boost in share price follows the announcement of a 10-year deal with STC Group, a prominent telecommunications operator in Saudi Arabia. This partnership aims to provide direct-to-device satellite mobile connectivity not only across Saudi Arabia but also in other key markets within the Middle East and Africa. As part of this agreement, STC Group will make a substantial $175 million prepayment to AST SpaceMobile for future services, along with the establishment of a dedicated network operations center in Riyadh.

This strategic advancement aligns with AST SpaceMobile’s ongoing efforts to expand its satellite infrastructure. Earlier this week, the company priced a $1 billion private offering of convertible senior notes, which is intended to finance the deployment of its satellite constellation.

Despite recent mixed ratings from analysts, with downgrades from Barclays and Scotiabank, B. Riley maintained a “Buy” rating on October 23. This indicates a degree of investor optimism regarding the company’s future prospects.

Investors are now looking forward to the third-quarter earnings report, which is scheduled for November 10, 2025, after market close. Current estimates from Wall Street project quarterly revenue of $21.52 million and an earnings per share loss of 23 cents.

According to Benzinga Edge stock rankings, AST SpaceMobile boasts a strong momentum score of 97.95, further reflecting investor confidence in the company’s growth potential. At the time of publication on Friday, AST SpaceMobile shares were up 2.75%, trading at $78.79 according to data from Benzinga Pro.

For those interested in participating in the market for AST SpaceMobile, purchasing shares can be accomplished through a brokerage account. Many platforms allow for the purchase of fractional shares, enabling investors to own portions of stock without needing to buy a full share.

Short selling, on the other hand, requires a more complex approach, often involving an options trading platform or a broker that permits shorting. This process allows investors to profit from declines in share prices, either through purchasing put options or selling call options.

The recent developments surrounding AST SpaceMobile illustrate a dynamic moment for the company, marked by substantial financial agreements and a growing presence in the telecommunications sector. As the market awaits the upcoming earnings announcement, all eyes will be on ASTS to see how it translates these strategic partnerships into financial performance.