On May 22, AST SpaceMobile rose 6.09% in regular trading, trading at $100.89/share, with trading volume of approximately $344 million. The stock breached the $100 level for the first time during its ongoing recovery from a Q1 earnings-driven selloff.

The rally extends momentum fueled by the announcement that AT&T, T-Mobile, and Verizon have agreed in principle to form a joint venture aimed at advancing satellite-based Direct-to-Device (D2D) services to eliminate wireless coverage gaps across the United States. Analysts view this as a strong validation of AST SpaceMobile's technology, given its existing strategic partnerships with AT&T and Verizon. The JV is widely interpreted as a defensive move by traditional carriers against SpaceX's Starlink, positioning ASTS as a key infrastructure provider under a unified, open-standard platform.

Separately, CEO Abel Avellan reaffirmed the company's target to launch 45 satellites this year at a pace of one launch per month, emphasizing speed and capacity advantages over competitors. Analysts noted that EBITDA margins could exceed 80% at scale, with free cash flow expected to turn positive ahead of the $1 billion revenue target.

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