AST SpaceMobile (ASTS) Extends Rally to 5th Day on New Billion-Dollar Investment Report

Core Insights - AST SpaceMobile, Inc. (NASDAQ:ASTS) has seen a significant increase in stock price, rising 12.18% to close at $54.80, driven by investor optimism regarding a potential $22 billion investment from Mexican billionaire Carlos Slim [1][3]. Investment and Stake - Carlos Slim, who already holds a substantial stake in AST SpaceMobile, is reportedly looking to increase his investment, which would support the company's expansion plans [2][3]. - Slim's daughter is a member of the board of directors, indicating a strong familial connection to the company [3]. Expansion Plans - AST SpaceMobile plans to launch between 45 to 60 satellites into orbit by next year, which would be significantly supported by Slim's potential investment [3]. - The company aims to provide nationwide intermittent service in the US by the end of the year, with plans to expand to the UK, Japan, and Canada in the first quarter of the following year [4]. - Expected revenues from government and commercial customers in the second half of the year are projected to be between $50 million and $75 million [4].