AST SpaceMobile stock jumped 7.4% due to optimism, defense applications, network capabilities, and debt repurchase.

From Nasdaq: 2025-06-28 20:50:00

AST SpaceMobile (ASTS) stock closed the week with a 7.4% gain, outperforming the S&P 500’s 3.4% rise. The market saw optimism due to geopolitical factors and potential interest rate cuts. Defense applications boosted AST shares as well.

AST demonstrated non-terrestrial network capabilities with Fairwinds Technologies, leading to a 16.1% stock increase. The company also repurchased $225 million in convertible debt notes and sold new stock at $53.22 per share. Bank of America initiated coverage with a neutral rating and a $55 price target, citing high growth potential but also valuation concerns.



Read more at Nasdaq: Why AST SpaceMobile Stock Jumped This Week