<div id="readability-page-1">AST SpaceMobile Inc ( ASTS ) shares are climbing Wednesday morning as traders continue to recalibrate expectations after the company's first-quarter earnings miss. <ul> <li>AST SpaceMobile ( ASTS ) shares are trending higher. What’s pushing ASTS stock higher?</li> </ul> <h2>What To Watch After ASTS Q1 Earnings Miss</h2> The latest reset started after AST SpaceMobile ( ASTS ) posted a first-quarter loss of 66 cents per share on $14.74 million in revenue this week, missing the consensus estimate for a loss of 23 cents per share and $37.63 million in revenue. The quarter also refocused attention on cash burn and timing, even with the company reporting about $3.5 billion in cash, cash equivalents and restricted cash as of March 31. AST SpaceMobile's ( ASTS ) cost structure also stood out: total operating expenses were $164.1 million, including $73 million tied to depreciation and amortization and stock-based compensation. Management is still leaning into execution, with CEO Abel Avellan saying the company is &#34;accelerating manufacturing,&#34; and targeting BlueBird 8, 9 and 10 launches in mid-June. Following the print, multiple analysts kept price targets above current levels, which may be helping the stock find some footing after falling initially on the report. B. Riley Securities analyst Mike Crawford maintained AST SpaceMobile ( ASTS ) with a Neutral and raised the price target from $75 to $85. UBS analyst Christopher Schoell also maintained a Neutral, but lowered the price target from $85 to $80. <h2>ASTS Critical Levels To Watch</h2> Technically, ASTS is trying to stabilize just above its long-term trend line, sitting 0.9% above the 200-day SMA ($74.28), while still trading 1.9% below the 20-day SMA ($76.34) and 11.6% below the 50-day SMA ($84.71). That &#34;near the 200-day, under the short-term averages&#34; setup often turns the low-to-mid $70s into a decision zone where rallies can fail quickly if buyers don't follow through. Momentum is best read through RSI, which is neutral at 46.28—basically saying the stock isn't stretched enough to force a snapback, but it's also not washed out. The trend picture stays mixed: the 20-day SMA is below the 50-day SMA (bearish near-term), but the golden cross from June 2025 (50-day above 200-day) still argues the longer-term uptrend hasn't fully broken. <ul> <li>Key Resistance: $84.00 — a round-number area that lines up near the 50-day moving average zone, where rebounds can run into supply</li> <li>Key Support: $73.50 — a nearby pivot that sits close to the 200-day SMA/EMA area, where trend-focused buyers often defend</li> </ul> &lt;figure class=&#34;wp-block-image size-large&#34;&gt;<img width="923" height="1024" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13110149/ASTS-rsi-heatmap-chart-7-923x1024.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13110149/ASTS-rsi-heatmap-chart-7-923x1024.png"/>&lt;/figure&gt; <h2>ASTS Stock Climbs Wednesday</h2> ASTS Stock Price Activity: AST SpaceMobile ( ASTS ) shares were up 4.74% at $76.42 at the time of publication on Wednesday, according to Benzinga Pro data. Read Also: 2026's Biggest IPO So Far: AI Chipmaker Cerebras Targets $4.8 Billion Raise, But What Do Prediction Markets Say? Image: Shutterstock</div>

SpaceX is accelerating its Nasdaq listing process, with an expected debut as early as June 12th. The IPO is projected to raise over $80 billion, aiming to be the largest in global capital market history. To pave the way for the listing, SpaceX will implement a 5-for-1 stock split to lower the barrier to entry for investors, and Elon Musk has explicitly pledged not to reduce his holdings. The funds raised will primarily be used for the Starship project and the construction of a low-Earth orbit data center. Financial details of the xAI business, recently incorporated into SpaceX, will also be disclosed for the first time in the prospectus. Wall Street generally believes that the current US stock market has sufficient liquidity to absorb this "super asset" that combines AI and cutting-edge technology. What are your thoughts? Let's discuss!

SpaceX is accelerating its Nasdaq listing process, with an expected debut as early as June 12th. The IPO is projected to raise over $80 billion, aiming to be the largest in global capital market history. To pave the way for the listing, SpaceX will implement a 5-for-1 stock split to lower the barrier to entry for investors, and Elon Musk has explicitly pledged not to reduce his holdings. The funds raised will primarily be used for the Starship project and the construction of a low-Earth orbit data center. Financial details of the xAI business, recently incorporated into SpaceX, will also be disclosed for the first time in the prospectus. Wall Street generally believes that the current US stock market has sufficient liquidity to absorb this "super asset" that combines AI and cutting-edge technology. What are your thoughts? Let's discuss!

SpaceX's target launch date: June 12th

ASTS

ASTX

AST SpaceMobile shares rose 4.74% to $76.42 on Wednesday as traders adjusted expectations following a first-quarter earnings miss. The company reported a loss of 66 cents per share on $14.74 million in revenue, significantly below estimates. Despite concerns over cash burn, AST SpaceMobile has $3.5 billion in cash. Analysts maintained price targets above current levels, with B. Riley raising its target from $75 to $85. The stock is stabilizing near its long-term trend line, with key resistance at $84 and support at $73.50.

AST SpaceMobile Shares Move Higher: What's Happening?