AST SpaceMobile's recent strategic wins, from a major spectrum deal to new global partnerships, signal a key inflection point for its ambitious growth plans.
Broader markets outperformed, led by gains in IT, media, consumer durables, and auto stocks, while select stocks like MCX and IndiaMART rallied on positive brokerage commentary.
Despite early optimism, the Nifty formed a bearish reversal candle and closed below intraday highs. Analyst warns of resistance near 25,335 and advises caution on global cues.
Nippon Steel finalized its acquisition of U.S. Steel, pledging $11 billion in U.S. investments. The deal preserves American jobs, leadership, and operations under a national security agreement with government oversight.
Vodafone, Vi and AST SpaceMobile announced a partnership to expand mobile connectivity in India. The system connects directly to smartphones and complements terrestrial coverage.
Elon Musk highlighted a DOGE audit revealing $100 million in annual government waste on unused phone lines, a move that could impact telecom giants like Verizon, AT&T, and T-Mobile by threatening future federal contracts.
The verdict further narrows the debt-laden telco’s survival runway, just days after CEO Akshaya Moondra issued a grim warning that without financial support, the company may be unable to operate beyond FY26.
During its first quarter earnings call on Monday, satellite designer and manufacturer, AST SpaceMobile Inc. gave a concrete revenue guidance for the first time, forecasted between $50 million to $75 million, heavily weighted to the back half of this year.
