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MarketBeat
MarketBeat
Jeffrey Neal Johnson

INSANE: Ast spacemobile a new asset class held down by outdated models | Rare Historical Photos

AST SpaceMobile AST ASTS United States MarketBeat

Shares of AST SpaceMobile (NASDAQ: ASTS) ignited a powerful rally, surging to new highs after the company announced a definitive agreement with a U.S. government prime contractor on July 18.

The event triggered a dramatic re-evaluation of the company's prospects, with the stock’s market capitalization swelling past $17 billion. This decisive market reaction has left many of AST SpaceMobile’s analysts’ price targets (which average around $45) far behind the current curve.

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