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Jordan Chussler

Smart Money's Big Bet on AST SpaceMobile

AST SpaceMobile ASTS BlackRock MarketBeat Morgan Stanley Rakuten Vanguard Verizon

By the time the market closed on Oct. 15, AST SpaceMobile (NASDAQ: ASTS) had set yet another intraday all-time high price of $99.26. The stock had done that in 10 out of the last 11 trading sessions dating back to Oct. 1. 

The most recent instance of ASTS’s record high is the ongoing rally that began when the company announced a commercial partnership with Verizon (NYSE: VZ). The partnership will enable the communication services giant to offer space-based, direct-to-cellular services to its customers via AST SpaceMobile’s network of low-Earth orbit satellites beginning in 2026. 

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