Why AST SpaceMobile Keeps Gaining
AST SpaceMobile (NASDAQ: ASTS) stock jumped 17.7% as of 2:30 p.m. ET on Monday. The S 500 and the Nasdaq Composite were up 1.6% and 1.9%, respectively.
The company, which delivers broadband to cellphones from space, is seeing shares rally after it confirmed its newest satellites are alive and functioning.
Over the weekend, AST said on X that its newest three satellites -- BlueBird 8, 9, and 10 -- are in orbit and operating normally. The satellites were launched on June 17 aboard a SpaceX Falcon 9 rocket. AST also confirmed that it has reached production on BlueBird 37.
Source Fool.com
