Space companies recently received a government tailwind, making AST SpaceMobile (ASTS) an attractive stock to own. Valued at a market capitalization of more than $24 billion, ASTS stock has returned 400% over the last five years. However, shares are also down 55% from all-time highs, giving investors a chance to buy the dip.
AST SpaceMobile has spent years promising a satellite network that could easily integrate with a smartphone. The promise is now materializing into contracts and a growing list of partners. Moreover, a new policy push out of Washington could hand the entire space sector — ASTS stock included — a meaningful boost.