Why AST SpaceMobile Stock Soared Today

AST SpaceMobile (ASTS 9.27%) posted big gains Monday in a session of strong trading for space stocks. The company's share price ended the daily session up 9.3%. Meanwhile, the S&P 500 (^GSPC 0.96%) and the Nasdaq Composite (^IXIC 0.94%) both gained 1% on the day. AST SpaceMobile's valuation surged higher today amid excitement for the space industry, geopolitical developments, and comments from a Federal Reserve official that could point to a more favorable backdrop for the stock. The company's share price w ...