AST SpaceMobile, a satellite designer and manufacturer, said the company will deploy fully-funded satellites by 2026 in a rival to Elon Musk's SpaceX.

AST SpaceMobile stock was surging early Tuesday. The satellite company’s ambition of challenging Elon Musk’s SpaceX looks to be closer to reality. AST SpaceMobile stock was up 18% at $54.21 in early trading,

AST SpaceMobile ($ASTS) shares jumped after earnings as the company outlined a fully funded satellite deployment plan that, if successful, could

SpaceX was not one of Amazon's original choices to fly its Project Kuiper broadband internet satellites, but Elon Musk's company just knocked out its second launch in less than a month for the company that seeks to compete with SpaceX's Starlink.

Live updates from Sunday's SpaceX KF-02 mission that scrubbed with 30 seconds left in the countdown at Cape Canaveral Space Force Station in Florida.