What's Going On With Satellite Stock AST SpaceMobile Monday?
Portfolio Pulse from Anusuya Lahiri
AST SpaceMobile (NASDAQ:ASTS) stock is trading higher after CEO Abel Avellan announced a strategic partnership with Verizon (NYSE:VZ) and an existing agreement with AT&T (NYSE:T) to deploy a space-based cellular broadband network. The partnership aims to eliminate connectivity gaps in the U.S. and includes capital via prepayments and convertible notes. AST SpaceMobile plans to deploy a significant commercial communications satellite in low Earth orbit. The stock has gained over 155% in the last 12 months. Investors can also gain exposure via iShares Russell 2000 ETF (NYSE:IWM) and iShares Russell 2000 Growth ETF (NYSE:IWO).
July 01, 2024 | 2:47 pm
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POSITIVE IMPACT
AST SpaceMobile stock is trading higher after announcing a strategic partnership with Verizon and an existing agreement with AT&T to deploy a space-based cellular broadband network. The stock has gained over 155% in the last 12 months.
The strategic partnership with Verizon and AT&T is a significant development for AST SpaceMobile, providing additional capital and spectrum sharing, which will likely boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to AST SpaceMobile via iShares Russell 2000 ETF, which includes AST SpaceMobile in its portfolio. AST SpaceMobile stock has gained over 155% in the last 12 months.
The significant gain in AST SpaceMobile's stock price could positively impact the iShares Russell 2000 ETF, which includes AST SpaceMobile in its portfolio, potentially driving the ETF's price higher in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Investors can gain exposure to AST SpaceMobile via iShares Russell 2000 Growth ETF, which includes AST SpaceMobile in its portfolio. AST SpaceMobile stock has gained over 155% in the last 12 months.
The significant gain in AST SpaceMobile's stock price could positively impact the iShares Russell 2000 Growth ETF, which includes AST SpaceMobile in its portfolio, potentially driving the ETF's price higher in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
AT&T's existing agreement with AST SpaceMobile to share portions of their 850 MHz low-band spectrum aims to eliminate connectivity gaps in the U.S. This partnership is part of AST SpaceMobile's broader strategy.
AT&T's ongoing agreement with AST SpaceMobile to share spectrum is a strategic move to enhance connectivity, which is likely to be viewed positively by investors and could drive the stock price higher in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Verizon's partnership with AST SpaceMobile to deploy a space-based cellular broadband network aims to eliminate connectivity gaps in the U.S. This partnership includes capital via prepayments and convertible notes.
Verizon's involvement in the partnership with AST SpaceMobile is likely to be viewed positively by investors as it aims to enhance connectivity and secure additional capital, potentially driving the stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70