SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites

Core Insights - AST SpaceMobile is preparing to deploy 45 to 60 satellites to establish itself as a competitor to SpaceX in the space broadband market [1][2][3] - The company reported over $1.5 billion in funding, indicating strong financial backing for its satellite deployment plans [1][2] - AST SpaceMobile's stock surged over 10% following the announcement, reflecting positive market sentiment towards its growth prospects [2] Company Plans - The company aims to launch satellites every one to two months, with a target of 45 to 60 satellites in orbit by 2026 [2][3] - Initial service deployment is planned for the U.S. by the end of 2023, followed by expansions to the UK, Japan, and Canada in early 2026 [2] Market Context - AST SpaceMobile currently has six satellites in orbit, serving both commercial and government applications [2] - The company is entering a competitive landscape that includes major players like SpaceX, Globalstar, and Project Kuiper [3]