SpaceX Rival Secures Key Contract, But Posts Big Earnings Miss

Blockhead11-15

AST SpaceMobile, a SpaceX rival and partner, posted a major miss for its quarterly results late Thursday. However, the company was able to secure a key contract, which should help expand its space-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483355527?lang=en_US&edition=fundamental","thumbnail":"https://www.investors.com/wp-content/uploads/2024/06/Stock-Satellite-earth-adobe-640x360.jpg","is_english":true,"pubTime":"2024-11-15 05:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483355527","market":"us","top_or_hot":-1,"title":"SpaceX Rival Secures Key Contract, But Posts Big Earnings Miss","media":"Blockhead","content":"<div>\n<p>AST SpaceMobile, a SpaceX rival and partner, posted a major miss for its quarterly results late Thursday. However, the company was able to secure a key contract, which should help expand its space-...</p>\n\n<a href=\"https://www.investors.com/news/ast-spacemobile-q3-earnings-spacex/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SpaceX Rival Secures Key Contract, But Posts Big Earnings Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpaceX Rival Secures Key Contract, But Posts Big Earnings Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 05:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/ast-spacemobile-q3-earnings-spacex/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AST SpaceMobile, a SpaceX rival and partner, posted a major miss for its quarterly results late Thursday. However, the company was able to secure a key contract, which should help expand its space-...</p>\n\n<a href=\"https://www.investors.com/news/ast-spacemobile-q3-earnings-spacex/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKLB","symbol_name":"Rocket Lab USA, Inc.","start_time":0,"source_url":"https://www.investors.com/news/ast-spacemobile-q3-earnings-spacex/","article_id":"2483355527","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/06/Stock-Satellite-earth-adobe-640x360.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483355527","pubTimestamp":1731620487,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"SpaceX partner, rival AST SpaceMobile missed estimates as losses widened. But there was some good news with the results.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RKLB":"Rocket Lab USA, Inc.","BK4564":"太空概念","BK4187":"航天航空与国防","ASTS":"AST SpaceMobile, Inc.","BK4089":"非传统电信运营商"},"translate_title":"SpaceX竞争对手获得关键合同，但盈利大幅下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASTS":1,"RKLB":1},"content_text":"AST SpaceMobile, a SpaceX rival and partner, posted a major miss for its quarterly results late Thursday. However, the company was able to secure a key contract, which should help expand its space-based telecommunications network. Another rival Rocket Lab (RKLB) has soared nearly 30% this week as analysts hiked price targets following its Q3 beat late Tuesday.\n\n\n\n↑\nX\n\n\n\n\nCan This Starlink Rival's Satellite Cellular Network Live Up To Sky-High Expectations?\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nCan This Starlink Rival's Satellite Cellular Network Live Up To Sky-High Expectations?\n\n\n\n\nAST SpaceMobile (ASTS) reported a loss of $1.10 per share, widening from a loss of 23 cents per share last year. Revenue came in at $1.1 million.\nFactSet expected a loss of 20 cents per share on $1.8 million in revenue.\nThe company also announced it reached new launch service agreements, which it says will enable continuous space-based cellular broadband coverage across key global markets. AST SpaceMobile's global service will initially target the U.S., Europe, Japan, as well as services for the U.S. government and other key markets.\nThe next block of about 60 satellites will launch into low orbit from the Cape Canaveral Florida Space Force Station in 2025 and 2026.  AST SpaceMobile plans to utilize existing launch vehicles and Blue Origin's New Glenn rocket for the launches.\nAST SpaceMobile is building a space-based cellular broadband network, differentiated by its ability to enable everyday smartphones to connect to orbiting satellites. The company's goal is to provide connectivity worldwide at 4G/5G speeds for both government and commercial applications. The company on Sept. 12 successfully launched its first five commercial BlueBird satellites with its partner SpaceX, which unfolded and completed deployment at the end of October. AST SpaceMobile could eventually include 168 satellites in its constellation, according to reports.\nAST's satellites have some overlap and competition with SpaceX subsidiary Starlink.\nAST SpaceMobile Stock\n\nASTS stock fell more than 14% in afterhours trading Thursday, poised to cut below its 50-day moving average and retest early November lows.\nShares retreated 4.4% Thursday. The stock jumped about 15% Wednesday after Rocket Lab's results.\nAST SpaceMobile ended Thursday up more than 343% so far this year.\nYou can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison\nYOU MAY ALSO LIKE:\nBest Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists\nLooking For The Next Big Stock Market Winners? Start With These 3 Steps\nJoin IBD Live And Learn Top Chart Reading And Trading Techniques From Pros\nLearn How To Time The Market With IBD's ETF Market Strategy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483355527"}