AST SpaceMobile, Inc.
(NASDAQ:ASTS) shares are in focus Thursday as the company rides a double tailwind — the SpaceX IPO set to begin trading Friday lifting the entire space sector, and a confirmed satellite launch date next week adding fresh company-specific momentum.
The SpaceX IPO Halo With SpaceX pricing its historic $75 billion IPO at $135 per share tonight and set to begin trading on Nasdaq tomorrow under SPCX, capital has been flooding into space sector names all week.
ASTS — which is building what it calls the first and only space-based cellular broadband network that connects directly to everyday smartphones — has been one of the most prominent beneficiaries, surging roughly 437% over the past year.
The central question heading into tomorrow is whether the SpaceX debut lifts space proxies further or becomes a "sell the news" moment for the sector.
