Brazil’s telecommunications agency, Anatel, approved AST SpaceMobile’s application to operate its satellite network on May 18, 2026. The license remains valid until September 2039. This regulatory breakthrough covers a constellation of up to 248 satellites. The approval supports the company's plans to offer space-based cellular broadband.
ASTS shares rose nearly 2.3% in pre-market trading following the announcement. Retail investors viewed the news as a significant win for the company. Short interest in the stock reached a nine-month high. Current data shows short interest at 16.6% of the float.
Renewed interest in the space sector also contributed to the stock's movement. The company’s Lead Independent Director conducted an insider sale on May 13.