Where Will AST SpaceMobile Stock Be in 3 Years?
AST SpaceMobile(ASTS) The Motley Fool·2024-10-01 08:35
The speculative space stock could take investors on a wild ride.AST SpaceMobile (ASTS 3.28%), a producer of low earth orbit (LEO) satellites for cellular communications, went public by merging with a special purpose acquisition company (SPAC) on April 7, 2021. Its stock started trading at $11.63, but it sank to about $2 this April after it postponed the launch of its first commercial satellites.But today, AST SpaceMobile trades at about $25. Most of that rally was driven by the successful launch of its firs ...