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UFO ETF Faces a Critical Test: Can Pre-Profit Space Stocks Deliver on $1.85B Backlog
24/7 Wall St.102d agoneutral
UFO ETF Faces a Critical Test: Can Pre-Profit Space Stocks Deliver on $1.85B Backlog

The Procure Space ETF (NYSEARCA:UFO) was built to give investors a single ticket to a fragmented industry: rocket builders, satellite operators, ground-segment vendors, and direct-to-device communications upstarts that rarely fit cleanly into a sector ETF. The prospectus is direct about the design, requiring at least 80% of index weight in companies that derive a majority ... UFO ETF Faces a Critical Test: Can Pre-Profit Space Stocks Deliver on $1.85B Backlog

AST SpaceMobile Shares Slide Following CEO Compensation Disclosures
Benzinga103d agoneutral
AST SpaceMobile Shares Slide Following CEO Compensation Disclosures

AST SpaceMobile Inc shares are trading lower Wednesday afternoon as investors process a fresh regulatory filing linking CEO Abel Avellan's $14.2 million compensation to aggressive satellite-to-phone performance targets. While the market weighed progress toward commercial direct-to-device cellular broadband, the newly released proxy statement revealed that several critical operational milestones remained unmet in the previous fiscal year. Here’s what investors need to know. CEO Pay Focused On Sat

Should FCC Approval for 248-Satellite Direct-to-Device Network Require Action From AST SpaceMobile (ASTS) Investors?
Simply Wall St.106d agoneutral
Should FCC Approval for 248-Satellite Direct-to-Device Network Require Action From AST SpaceMobile (ASTS) Investors?

AST SpaceMobile recently received Federal Communications Commission approval to modify its license and deploy up to 248 low Earth orbit satellites, enabling supplemental coverage from space directly to unmodified mobile devices across the U.S. using low-band 700 MHz and 800 MHz spectrum alongside partners Verizon, AT&T and FirstNet. This ruling not only validates AST SpaceMobile’s interference management and system design alongside terrestrial networks, it also strengthens its ability to...