Castle Rock Wealth Management disclosed a new 16,015-share position in AST SpaceMobile (NASDAQ: ASTS) worth approximately $1.38 million, adding to institutional momentum just days before the company reports second-quarter results. AST SpaceMobile is building a low-Earth-orbit satellite network designed to deliver broadband directly to ordinary smartphones without requiring specialized hardware on the user’s end. Castle Rock’s newly disclosed stake arrives as AST continues its transition from a development-stage company toward active commercial satellite deployment and service testing. Three next-generation BlueBird satellites, numbered 11 through 13, successfully launched on August 5, expanding the company’s constellation and supporting planned service testing scheduled for later this year. Investors have nonetheless had to contend with substantial financing requirements, with AST disclosing preliminary cash, cash equivalents and restricted cash of approximately $2.72 billion as of June 30.