Why AST SpaceMobile Stock Soared Today
AST SpaceMobile (NASDAQ: ASTS) stock posted big gains in Friday's trading. The company's share price ended the day up 12.5% and had been up as much as 13.9% earlier in the daily session. The S 500 index closed out the day up roughly 0.2%, and the Nasdaq Composite index ended the day up 0.8%.
AST SpaceMobile stock gained ground today as investors reacted to President-elect Trump's selection of Jared Isaacman to head NASA. The pick has investors feeling even more bullish about the already red-hot space industry.
On Thursday, president-elect Trump nominated Jared Isaacman to lead NASA under his incoming administration. Isaacman has accepted Trump's nomination and said that he foresees a "thriving space economy" and hopes to make major progress on spacefaring capabilities during his anticipated tenure at NASA.
Source Fool.com
