Why AST SpaceMobile Stock Popped on Wednesday
With less than a week to go before earnings day, satellite communications start-up stock AST SpaceMobile (NASDAQ: ASTS) announced on Wednesday that it has won a $43 million subcontract on a Space Force award.
AST SpaceMobile stock is up 16.7% through 10 a.m. ET.
AST seems to be playing this news close to the vest. Management revealed the size of the award and that its role will be to "support ... the United States Space Development Agency (SDA) [which is part of the U.S. Space Force] through a prime contractor."
Source Fool.com
