AST SpaceMobile shares rise after a short slide as investors buy bargains.

AST SpaceMobile shares rose about 4.5% after a three-day losing streak. The gain followed the successful launch and deployment of the BlueBird 6 satellite, which is much larger than earlier models.

AST SpaceMobile shares rose on Tuesday after a short pullback in recent sessions. Investors bought the stock following three days of declines, contributing to a modest rebound. The company recently launched its newest satellite, BlueBird 6, which deployed into low Earth orbit after a Dec. 23 launch from India. BlueBird 6 is substantially larger than earlier BlueBird satellites and is intended to support space-based 4G and 5G service for standard smartphones. What was reported: - Shares rose about 4.49% to $74.68 on Tuesday following a three-day losing streak. - BlueBird 6 launched Dec. 23 from the Satish Dhawan Space Centre and was deployed in low Earth orbit. - The new satellite spans nearly 2,400 sq. ft., roughly three times the size of prior BlueBird units. - The company presented the satellite as designed for commercial and government 4G/5G space-based cellular broadband to unmodified phones. Summary: The market reaction was a rebound tied to bargain-hunting after several down days and to the company’s recent technical milestone. The shipment of BlueBird 6 strengthens AST SpaceMobile’s case for scaled deployments of space-based cellular broadband. Undetermined at this time.