Satellite Firm Surfs Meme-Stock Enthusiasm for a 6,000% Rally. But What’s Next?

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Even small companies are buying into the state’s everything-is-bigger-here mindset.

Texas Edition checked in recently on Bloomberg’s reporting about Fermi, the San Antonio-based AI energy startup that skyrocketed in its first day of trading and then fell into a slump that has now reached more than 80%. Now comes the story of AST SpaceMobile, the satellite company with an online fan base led by “the Kook” (his words, not mine) and a stock that posted a trough-to-peak rally of 6,000%.