Why AST SpaceMobile Stock Rocketed Higher Thursday
ASTSAST SpaceMobile(ASTS) The Motley Fool·2024-08-16 00:27

AST SpaceMobile provides a business update ahead of its critical commercial launch.AST SpaceMobile (ASTS 43.20%) has its most important satellite launch ever coming next month. Today the company provided a business update and second-quarter results ahead of that milestone launch. Investors liked what they heard.AST shares soared after the earnings release. As of 11:55 a.m. ET, the stock was higher by 40.3%. That added to the gain of more than 1,000% the stock has realized over the past three months as inves ...