International Companies

Shares in AST Spacemobile tank after Q1 numbers underwhelm

By Abigail Townsend

Date: Tuesday 12 May 2026

(Sharecast News) - Shares in AST SpaceMobile fell sharply on Tuesday, after first-quarter numbers missed Wall Street expectations.
Revenues at the Texas-based firm, which designs and makes satellites, rocketed to $14.7m in the three months to 31 March, up from $718,000 a year previously. However, that was notably below analyst forecasts...

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