BlueBird 6 Launch Nears, Ligado FCC Filing Adds a Spectrum Catalyst, and Analysts Split on Price Targets

Dec. 12, 2025 — AST SpaceMobile, Inc. (NASDAQ: ASTS) is back in the spotlight as investors weigh a very “space company” mix of catalysts: a highly anticipated next-generation satellite launch, fresh spectrum-related regulatory maneuvering tied to Ligado Networks, and a widening gap between where the stock trades and where many published analyst targets still sit.

ASTS shares have been volatile—because of course they have. This is a pre-commercial, capital-intensive, launch-dependent business trying to turn ordinary smartphones into satellite-connected devices without special hardware. The upside story can be enormous, but the execution bar is… orbital.

ASTS stock price check: where shares stand on Dec. 12, 2025

As of the latest…

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