On June 12, AST SpaceMobile rose 7.43% overnight, trading at $104.87/share, with turnover of $617,300. The rally comes as the company's upcoming satellite launch approaches, building momentum ahead of a key milestone.

On the news front, AST SpaceMobile recently announced that its BlueBird 8, 9, and 10 satellites are scheduled to launch on June 17 from Cape Canaveral, Florida, aboard a SpaceX Falcon 9 rocket with a 2:39 a.m. EDT launch window. The mission aims to expand the company's direct-to-device broadband network, which delivers voice, data, and video services directly to standard, unmodified smartphones. Notably, the next-generation satellites are expected to achieve peak data transmission rates nearly double those of the first-generation Block 1 BlueBird satellites.

The stock had previously experienced significant selling pressure, declining from the $112 area to the $92 range due to aerospace sector-wide selloffs and a Deutsche Bank downgrade from Buy to Hold with a $106 target price. The upcoming launch event appears to be catalyzing a recovery as investor confidence rebuilds ahead of the network expansion milestone.

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