AST SpaceMobile Turnover Drops 49% Despite $450M Trading Day and $550M Credit Agreement

On July 18, 2025, AST SpaceMobile (ASTS) closed the trading day with a turnover of $450 million, marking a 49.37% decrease from the previous day. The stock price rose by 0.92%, extending its winning streak to seven consecutive days, with a cumulative increase of 36.42% over the past week.

AST SpaceMobile has recently secured a significant financial agreement. On July 15, 2025, the company's subsidiary, Spectrum USA I, LLC, entered into a $550 million credit agreement with Sound Point Agency LLC. This agreement is designed to support payment obligations to Ligado Networks for access to spectrum in the US and Canada. The deal includes various conditions and covenants, enhancing AST SpaceMobile’s strategic position in the satellite communications market by securing valuable mid-band spectrum for its operations.

The credit agreement is a non-recourse term loan facility, which means the borrower's obligations are secured by a first-priority lien on substantially all of the borrower's assets. This financial move is crucial for AST SpaceMobile as it aims to acquire up to 45 MHz of lower mid-band spectrum, a key resource for its satellite communications services.

Despite the positive developments in strategic partnerships and a solid cash position, AST SpaceMobile faces significant financial and operational challenges. The company's financial performance is notably weak, characterized by negative profitability and cash flow issues. Technical indicators suggest some upward momentum, but valuation metrics and regulatory hurdles present concerns. Analysts have mixed opinions on the stock, with some rating it as a Buy and others as Neutral.