Jim Cramer Says He is “Not Against” AST SpaceMobile But Notes That “It’s Speculative”

Core Insights - AST SpaceMobile, Inc. (NASDAQ:ASTS) is recognized as a speculative investment opportunity in the space sector, with potential for significant returns despite inherent risks [1] - The company operates the BlueBird satellite network, providing space-based cellular broadband that connects directly to standard smartphones [1] - Despite a 200% increase in stock price this year, ASTS has experienced a decline of over 30 points from its recent high, indicating volatility [1] - The company recently offered $1 billion in convertible notes and 2 million shares at approximately $78, raising concerns about its financial stability [1] - ASTS has reported losses for the past five years, with a negative free cash flow of $677 million over the last 12 months, suggesting ongoing financial challenges [1] - Comparatively, certain AI stocks are viewed as having greater upside potential and lower downside risk than ASTS [1]