- AST SpaceMobile (ASTS, Financial) to enter the U.S. Large-Cap Russell 1000® Index on June 27, 2025.
- Inclusion emphasizes AST SpaceMobile's role in advancing global space-based cellular connectivity.
- Increased investor visibility anticipated as the company scales operations and technology.
AST SpaceMobile, Inc. (ASTS), headquartered in Midland, Texas, is making a significant leap as it prepares to join the U.S. Large-Cap Russell 1000® Index. This inclusion is set to be effective after the U.S. market closes on June 27, 2025, as part of the annual Russell indexes reconstitution. Belonging to this index signifies AST SpaceMobile's recognition as one of the top 1,000 U.S. companies by market capitalization.
The company's innovative approach in building the first space-based cellular broadband network directly accessible by regular smartphones is gaining attention. This infrastructure caters to both commercial and government sectors, aiming to bridge the connectivity gap for billions of unconnected mobile users worldwide. Andrew Johnson, CFO of AST SpaceMobile, remarked on this achievement as a pivotal step in enhancing their investor visibility and propelling their growth agenda further.
Membership in the Russell 1000® Index is based on inclusion in the broader Russell 3000® Index, a benchmark widely utilized by institutional investors. FTSE Russell, the global index provider, notes that approximately $10.6 trillion in assets are benchmarked against its U.S. indexes, highlighting the prestige and potential implications of AST SpaceMobile's new membership.
For more detailed information about the Russell indexes and the reconstitution process, interested parties are directed to visit the FTSE Russell website.
