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What's Going On With AST SpaceMobile Stock Thursday?

AST SpaceMobile Inc (NASDAQ:ASTS) shares are surging Thursday on the heels of the company’s second-quarter financial results. The company announced that it’s on track to launch five satellites in early September. What Happened: AST SpaceMobile reported a second-quarter adjusted loss of 51 cents per share, missing analyst estimates for a loss of 22 cents per share, according to data from Benzinga Pro. The company turned in second-quarter sales of $900,000. "We stand at a pivotal moment for AST SpaceMobile. The arrival of our first five commercial satellites at the launch site marks the culmination of years of relentless innovation and perseverance, in partnership ...