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SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites

1. AST SpaceMobile plans to deploy 45-60 satellites by 2026. 2. Company confirms over $1.5 billion funding for satellite deployment. 3. Shares surged over 10% following the earnings announcement. 4. AST targets U.S. broadband service launch by year-end 2023. 5. Company competes with SpaceX, Globalstar, and Project Kuiper.

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FAQ

Why Bullish?

AST's expansion plans and funding create strong growth potential. Historical trends show stock surges with successful announcements.

How important is it?

The announcement has significant implications for AST’s market position and competitive edge.

Why Long Term?

The satellite deployment and market expansion reflect growth over several years. Market reactions often stabilize after initial excitement.

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