June 13, 2025 | New York — AST SpaceMobile Inc. (NASDAQ: ASTS) stock has surged to an all-time high of $39.18 this week, marking a major milestone for the satellite communications company as it accelerates network deployment and secures major partnerships across North America.
The dramatic rise in ASTS stock—up 257.97% over the past year—follows a series of bullish developments, including a landmark $550 million spectrum acquisition deal with Ligado Networks and Inmarsat. This agreement, which grants AST SpaceMobile long-term access to up to 45 MHz of mid-band spectrum in the U.S. and Canada, is expected to significantly boost its space-based cellular broadband strategy.
Investor sentiment remains high despite the stock entering what analysts consider overbought territory. ASTS has climbed far above its 52-week low of $9.32, driven by investor confidence and growing interest in its unique capability to deliver direct-to-smartphone connectivity from space.
Market analysts remain optimistic. Scotiabank reiterated its “Sector Outperform” rating with a $45.40 price target, while Cantor Fitzgerald maintained an “Overweight” rating and a $30.00 target, noting potential defense sector opportunities and upcoming satellite launches. Seven Wall Street analysts project an average one-year price target of $41.77, with estimates ranging from $30.00 to $64.00.
Adding to the momentum, AST SpaceMobile is set to be included in the prestigious Russell 1000 Index, reflecting its rising market capitalization and institutional interest. Meanwhile, the company continues to strengthen its financials, reporting $874.5 million in cash reserves at the end of Q1 2025—up from $567.5 million in Q4 2024.
However, not all outlooks are without caution. ASTS is facing higher-than-expected costs per satellite—now estimated between $21 million and $23 million—due to rising materials prices and launch expenses. The company has also acknowledged that it remains in a pre-revenue phase, with minimal income generated outside government contracts.
Still, the road ahead looks promising. AST SpaceMobile plans to launch over 60 satellites between late 2025 and 2026, aiming to provide uninterrupted mobile coverage across the U.S., Europe, and Asia. A $43 million contract with the U.S. Space Development Agency and temporary FCC authorization for public safety use of Band 14 spectrum further strengthen its position in the emerging space telecom sector.
As ASTS stock continues to attract retail and institutional interest, all eyes are now on its ability to execute on its ambitious satellite roadmap—and maintain momentum in an increasingly competitive low-Earth orbit market.