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Stock impact report

Why AST SpaceMobile Stock Soared Today [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
The company was named as a prime contractor for a U.S. defense project. 10 stocks we like better than AST SpaceMobile › The onset of artificial intelligence (AI) applications gives people even more reasons to be glued to their smartphones. Broadband connectivity is more important than ever. AST SpaceMobile (NASDAQ: ASTS) is launching satellite arrays to provide that connectivity from low orbit satellites. That's not exactly why AST stock soared as much as 19% today, though. In addition to providing global consumers with satellite internet access, the company was now named as a primary contractor for a U.S. national security program. As of 1:21 p.m. ET, AST shares were still trading up by 16.8% on the news. Investors likely haven't been thinking of AST SpaceMobile as a potential government contractor. The company has been focused on providing its low-Earth satellite broadband system to consumers and businesses worldwide. The company wants to provide service to standard smartph Show less Read more
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