SpaceX Rival Secures Key Contract, But Posts Big Earnings Miss

By Investor's Business Daily   |   2 years ago
SpaceX Rival Secures Key Contract, But Posts Big Earnings Miss

AST SpaceMobile reported a loss in its quarterly results but secured a key contract to expand its space-based telecommunications network. Rocket Lab saw a 30% surge after beating Q3 expectations. AST aims to provide global cellular broadband coverage through satellite connectivity, with plans to launch more satellites by 2026.

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