AST SpaceMobile Is Go for Launch -- but Cash Burn Could Be a Problem
AST SpaceMobile plans to bring direct-to-cell satellite mobile service to the world. It'll need to spend a lot up front to make that happen.
AST SpaceMobile's (NASDAQ: ASTS) stock took a big bounce after the company reported fourth-quarter results last week. At one point, shares of the satellite communications start-up were up 32% from their pre-earnings price, and even after Monday's steep price decline, they're still higher than they were before the report came out.
So that means the news was good, right? Revenues rising nicely, earnings ahead of analysts' forecasts, and so on?
Well, not exactly.
