Vanguard Capital Management Reports 5.11% Passive Stake In AST SpaceMobile
The 15.3 million-share position is held in the ordinary course of business, not to influence control, Vanguard certified.
Vanguard Capital Management holds 5.11% of AST SpaceMobile, or 15,330,194 common shares, according to a Schedule 13G passive ownership disclosure filed Friday. AST SpaceMobile, which is building a satellite network to deliver cellular broadband directly to smartphones, shares the register with other large holders.
A passive stake with limited voting power
Vanguard reported sole voting power over 2,383,666 of the shares and no shared voting power. The percentage uses the cover-page method, which counts any shares a holder could acquire within 60 days.
The filing lists September 30, 2026 as the event date. Vanguard certified the shares were acquired and are held in the ordinary course of business, not to change or influence control of the company.
A stock down 40% this year
AST SpaceMobile shares traded at $41.47 in Friday trading, down about 4% from the prior close of $43.07, for a market value of $12.9 billion. The stock has dropped 40% so far this year, and it hit a 52-week low of $36.72 last Friday. BlackRock separately disclosed a 5.4% stake worth $676 million as of September 30.
The company plans to sell its service through mobile carriers, generally on a revenue-sharing basis. Its 10-K for 2025 says the service has not launched and has generated no revenue. It cites partnerships with over 50 carriers and definitive agreements with AT&T, Verizon, Vodafone and Saudi Telecom Company.
The company has also won Brazilian spectrum authorizations and signed four regional operator agreements.
Regulatory and build-out steps ahead
The FCC's proposal to expand spectrum for satellite-to-phone service is open for public comment and is not final. In Brazil, AST's gateways must still move from planning to installation.
Vanguard's sole voting power covers 2,383,666 shares, a fraction of the 15.3 million it reports.
Sources
- SCHEDULE 13G — Vanguard Capital Management re: AST SpaceMobile Inc (ASTS) — SEC EDGAR
- ASTS Stock Logs Best Day In Nearly A Month — BlackRock’s Stake Takes Spotlight After Bruising Selloff — Yahoo Finance
- ASTS Stock Gains On FCC Plan To Expand Direct-To-Phone Spectrum — Yahoo Finance
- ASTS Stock Slips Overnight As FCC Clears Amazon’s $11.5B Globalstar Deal — Touts ‘Even More Competition’ — Yahoo Finance
- AST SpaceMobile (ASTS) Secures Brazil Spectrum Authorizations And Four Operator Agreements — Yahoo Finance
- SPCX, ASTS, RKLB Slide Overnight: Amazon Reaffirms 2026 Satellite Service Debut — Retail Weighs Competitive Threat — Yahoo Finance
