Ast Spacemobile Inc is trading at $86.05 (up 4.4%) as the stock rebounds from last week’s sharp pullback, catching a bid within a broader risk-on technology tape.
- The company is reportedly a leading contender for Japan’s J-LEO satellite project, which is estimated to be worth approximately $1 billion.
- Buying interest is further bolstered by continued momentum surrounding upcoming satellite launches and the broader space-communications theme.