AST SpaceMobile to Acquire EllioSat for $64.5 Million

AST SpaceMobile ( (ASTS) ) just unveiled an update.

On August 5, 2025, AST SpaceMobile announced an agreement to acquire EllioSat Ltd., which holds S-Band ITU priority rights for Mobile Satellite Services frequencies in low Earth orbit. This acquisition, valued at $64.5 million, aims to enhance AST SpaceMobile’s spectrum capabilities and expand its global reach, pending regulatory approvals. The transaction is expected to close in the second half of 2025, subject to customary conditions.

The most recent analyst rating on (ASTS) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on AST SpaceMobile stock, see the ASTS Stock Forecast page.

Spark’s Take on ASTS Stock

According to Spark, TipRanks’ AI Analyst, ASTS is a Neutral.

AST SpaceMobile’s overall score reflects a company with promising strategic initiatives but facing significant financial and operational challenges. The financial performance is notably weak, characterized by negative profitability and cash flow issues. Technical indicators suggest some upward momentum, but valuation metrics and regulatory hurdles present concerns. Despite these challenges, positive developments in strategic partnerships and a solid cash position offer potential upside.

To see Spark’s full report on ASTS stock, click here.

More about AST SpaceMobile

AST SpaceMobile is a company focused on building the first and only global cellular broadband network in space that operates directly with standard, unmodified mobile devices. The company aims to eliminate connectivity gaps for mobile subscribers and bring broadband to unconnected populations, leveraging its extensive IP and patent portfolio for both commercial and government applications.

Average Trading Volume: 13,684,691

Technical Sentiment Signal: Buy

Current Market Cap: $18.05B

For detailed information about ASTS stock, go to TipRanks’ Stock Analysis page.