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AST SpaceMobile Welcomes AT&T’s Chris Sambar

Analyst Team trader
Updated 25 Jun 2024

AST SpaceMobile (NASDAQ: ASTS), a pioneer in space-based cellular broadband technologies, has announced a strategic addition to its Board of Directors—Chris Sambar, AT&T's Head of Network. As of June 20, Sambar will fill the vacant seat left by Alex Coleman, becoming a crucial part of the team as the company gears up for a significant milestone: launching its first commercial satellites into low Earth orbit.

The upcoming launch, set to take place this summer from Cape Canaveral, marks an important step for AST SpaceMobile. The firm envisions creating a mobile broadband network in space that can connect directly to mobile phones on the ground, radically enhancing global connectivity.

Sambar brings to the board a wealth of industry expertise, particularly in network development. His role will extend beyond board discussions; he will also play an active part on AST SpaceMobile's Network Planning and Spectrum Committee. There, he will oversee crucial areas such as network planning, features, and capacity for the AST constellation, ensuring that the technical and operational aspects align with the organization's ambitious goals.

With over 3,300 patent and patent-pending claims, AST SpaceMobile's technology is at the forefront of innovation in space-based communications. The company operates sophisticated manufacturing and testing facilities in Midland, Texas, underpinning its commitment to research and development.


The company's groundbreaking work has attracted significant attention, not just from the industry but also from investors. Backed by strategic investments from heavyweights including AT&T, Verizon Communications Inc, Alphabet Inc, Google, and Vodafone Group Plc, AST SpaceMobile has also received a contract award from the U.S. Government. This coalition of support underlines the potential of AST SpaceMobile's technology and its applications.

Reflecting investor enthusiasm, AST SpaceMobile shares saw a substantial increase, gaining 56% over the last 12 months. The market has indeed recognized the promise of AST SpaceMobile's vision, despite a minor 0.10% dip in share price to $10.07 as of the latest check on Monday.

Investors seeking exposure to AST SpaceMobile's potential have avenues beyond direct investment in the company's shares. Notably, the firm is included in the iShares Russell 2000 ETF and the iShares Russell 2000 Growth ETF, providing investors a broader exposure to small-cap growth stocks.

AST SpaceMobile's impending satellite launch is not just a company milestone but signifies a leap forward in global connectivity. With Sambar's appointment, the company solidifies an already strong foundation of industry expertise and investment support, poised to advance its vision of connecting the world from space.

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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.