Is AST SpaceMobile Stock a Millionaire Maker?
Over the past couple of decades, the space industry has transformed from being government-run to being dominated by the private sector. Companies like SpaceX and Rocket Lab USA provide launch services to customers, enabling the deployment of satellites and space research.
One company that has rocketed higher this year is AST SpaceMobile (NASDAQ: ASTS), a satellite designer and manufacturer looking to build up a space-based cellular broadband network. The company has made several major deals this year, and the stock has surged 835% over the past year.
According to a report published by Research Nester, the 5G-from-space market could grow to $66 billion by 2037, or around 44% compounded annually. Given the industry's vast potential, could AST SpaceMobile stock be a millionaire maker?
Source Fool.com
