Why AST SpaceMobile Stock Skyrocketed Last Week
AST SpaceMobile (NASDAQ: ASTS) stock recorded big gains in this past week's trading despite no major news for the company. In a stretch of trading that saw the S&P 500 index rise 0.6%, the satellite specialist's share price rose 27.2%.
AST's valuation surged last week after the company announced some major financing news. The company's stock also continued to benefit from bullish momentum surrounding the broader space industry, and it's now up 175% across 2025's trading.
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Source Fool.com
