Is AST SpaceMobile Stock a Buy Now?
There's a new space race in full swing, but private industry, not world superpowers, are driving this post-Cold War iteration. While Elon Musk and Jeff Bezos have dominated headlines with their exciting advancements in rocketry, a cottage industry of smaller start-ups is vying for dominance in all manner of space-based markets.
AST SpaceMobile (NASDAQ: ASTS) is betting it can be a crucial provider of mobile communications using a fleet of satellites. Investors seem to be buying into the vision that the company is selling, with its stock up more than 400% this year alone. With all the excitement, is AST a buy now?
Those of us in the United States are pretty familiar with the cell towers that dot our landscape. By and large, reliable cell service and broadband access are a given in much of the country.
Source Fool.com
