What Does AST SpaceMobile Do?
Share prices of AST SpaceMobile (NASDAQ: ASTS) have skyrocketed about 460% since the start of the year. To say that the growth stock has drawn considerable investor interest would be a gross understatement. But while onlookers may be impressed with the stock's meteoric rise, many still wonder what it is exactly that the company does.
Let's take a closer look at AST SpaceMobile to see what has the market so excited.
In the very early innings of its development, AST SpaceMobile characterizes itself as a company "building the first and only space-based cellular broadband network." That's no small endeavor. To offer this service, AST SpaceMobile has to complete several tasks.
Source Fool.com
