AST SpaceMobile: Commercialization Has Started

Vasil Dimitrov/E+ via Getty Images Since I last covered AST SpaceMobile (NASDAQ:ASTS) in March this year, it has surged by 940% giving credence to my bullish thesis where I had emphasized how it would soon reach the commercialization phase, or become revenue-generating. Looking at the price action, after soaring to $38.6 it had retrenched back to below $30 before recouping some of its losses to trade around $35.32 at the time of writing. Data by YCharts This thesis shows the upside should continue and f ...