SpaceX IPO Fuels Broader Space Stock RallyAST SpaceMobile gained as space stocks rallied following SpaceX's IPO filing and ahead of NASA's Moon Base update. Investors see ASTS as a key public-market play on satellite-based broadband, with the company building technology that connects standard mobile phones directly to satellites.SpaceX's expected $2 trillion-plus valuation — driven largely by Starlink's satellite internet business — has boosted interest in similar companies. ASTS, meanwhile, is considered a "Starlink-adjacent" opportunity targeting telecom, aviation, and defense markets through its space-based cellular network.Leveraged ETF Launch Adds MomentumThe launch highlights growing investor demand for high-volatility space and connectivity trades.The stock has surged in recent months as enthusiasm builds around satellite-to-cellular broadband, commercial milestones, and the broader expansion of the space economy.ASTS Technical Outlook: Momentum And Key Support LevelsShort interest in AST SpaceMobile increased from 48.63 million to 53.99 million shares, representing 18.14% of the public float. Based on current trading volume, it would take short sellers nearly 3 days to cover their positions.AST SpaceMobile’s stock has shown remarkable performance over the past year, with a staggering 381.88% increase. Currently, the stock is trading at $127.47, significantly above its moving averages: 57% above the 20-day simple moving average (SMA) of $80.66, 49.2% above the 50-day SMA of $84.87, and 66.4% above the 200-day SMA of $76.07.The Relative Strength Index (RSI) currently sits at 73.90, indicating the stock is in overbought territory and suggesting a potential pullback could occur if momentum wanes. The 50-day SMA is above the 200-day SMA, indicating a golden cross, which is generally a bullish signal for traders.