Why AST SpaceMobile Stock Popped on Monday
AST SpaceMobile (NASDAQ: ASTS) stock rose another 5.8% through 12:05 p.m. ET Monday, continuing a rise that began on Friday afternoon. And why is it going up?
Just before noon Friday, AST announced that all of its first flight of five BlueBird direct-to-cell communications satellites have successfully unfurled their solar panels.
When AST SpaceMobile launched these five satellites in September, it promised that once activated, they would be able to support "approximately 100% nationwide coverage from space with over 5,600 coverage cells in the United States." At the time, I predicted that reports of successes such as this one could serve as catalysts to incrementally boost the stock price.
Source Fool.com
