SpaceX’s Tiny Rival Soars 1,300%. Now Comes the Satellite Launch
- AST SpaceMobile shares lead Russell 2000 over past six months
- Squeeze is possible with over 20% of AST shares are sold short
This article is for subscribers only.
AST SpaceMobile Inc., the tiny telecom company that wants to compete with SpaceX, has become one of the hottest stocks in the world this year after soaring from $2 to $28 in just six months.
Now, it faces a key test on the road to vindicating its massive rally and proving skeptics wrong. On Thursday morning, AST is set to launch its first five commercial satellites into low-earth orbit from Cape Canaveral, Florida, aboard a SpaceX rocket.