AST SpaceMobile (ASTS), the company building the only space-based cellular broadband network directly accessible by everyday smartphones, recently caught the eye of billionaire investor George Soros. In a noteworthy move, his investment fund, Soros Fund Management, initiated a new position in AST SpaceMobile during the quarter ended March 31. The fund purchased 470,000 shares. 

The development adds significant weight to the company’s momentum, signaling confidence from one of the most seasoned names in finance. Behind the scenes, AST SpaceMobile has been making calculated strides. It has secured five contracted satellite launches lined up over the next six to nine months, pushing forward its multi-provider orbital plan. 

The company is positioning itself for a revenue opportunity between $50 million and $75 million in the second half of 2025, anchored by ongoing commercialization of its network. Moreover, with over 60 satellites set for deployment in 2025 and 2026, the groundwork is being laid for coverage across the United States, Europe, and Japan.

About AST SpaceMobile Stock

AST SpaceMobile (ASTS), based in Midland, Texas, is reaching for the stars quite literally. Valued at a market capitalization of $7.5 billion, the company is building a global cellular broadband network in space, engineered to work directly with regular mobile devices without any modifications. 

Backed by a strong intellectual property and patent portfolio, its technology is tailored for both commercial ventures and government needs.

Over the past 52 weeks, the stock has taken flight, surging by 425%. Its momentum hasn’t wavered in 2025 either, gaining 16% year-to-date. On May 12, following the release of its earnings report, ASTS shares climbed another 5.4%, signaling investor confidence in the company’s performance and long-term vision.

A Closer Look at AST SpaceMobile Q1 Earnings

On May 13, AST SpaceMobile opened its financial books for the first quarter of 2025. The company posted revenue of $718,000 marking a year-over-year increase of 43.6%, though it fell significantly short of the projected $3.85 million. 

While the top line may have missed the mark, gateway equipment bookings reached $13.6 million in the quarter. Moreover, the company set expectations of continued bookings averaging approximately $10 million per quarter through the rest of 2025, setting the pace for a consistent revenue stream.

However, the bottom line painted a more somber picture. Net loss swelled 131.7% from the previous year to $45.7 million, and the loss per share widened 25% to $0.20, though it remained in line with the Wall Street estimates. As of March 31, AST SpaceMobile held $874.5 million in cash, cash equivalents, and restricted cash.

Despite the underwhelming financial performance, the company’s strategic footing appears firm. It plans to launch satellites into orbit every one to two months on average during 2025 and 2026, keeping momentum high. The first Block 2 BlueBird satellite is slated to ship in Q2 2025, with its orbital debut scheduled for July.

In parallel, the company is ramping up efforts under the previously announced $43 million contract with the U.S. Space Development Agency. It has also inked a new deal with the Defense Innovation Unit through a prime contractor, unlocking up to $20 million in revenue to support U.S. government communications over land, sea, and air using its unique capabilities.

Analyst sentiment remains cautious in the short term. Wall Street forecasts the Q2 2025 loss per share widening by 35.7% to $0.19 and projects a 50% increase in full-year 2025 loss, taking it to $0.99 per share. That said, the outlook for fiscal 2026 offers a silver lining, with loss per share expected to narrow by 21.2% to $0.78.

What Do Analysts Expect for AST SpaceMobile Stock?

The Street has assigned ASTS an overall rating of “Strong Buy.” Out of eight analysts weighing in, seven ring the bell with a “Strong Buy,” while one leans toward a “Hold.” 

The average price target of $41.91 represents potential upside of 71%, while the Street-high target of $64 suggests that the stock can climb as much as 167% from the current price level.