AST SpaceMobile is working on building a satellite internet constellation to provide direct internet access to smartphones. Despite minimal revenue currently, the company has growth potential once the constellation is operational. Shares of AST SpaceMobile stock dropped 30% in November due to its risky nature compared to market capitalization. On the other hand, SpaceX’s Starlink service offers global fast internet, but users need a satellite terminal. AST SpaceMobile aims to address this by connecting smartphones directly to the internet through its satellite arrays. With only five satellites in orbit, progress is still needed to launch 45-60 satellites by 2026. The company’s stock has rebounded in December, nearing its all-time high of $80. However, caution is advised as the stock looks overvalued despite future promise.

Read more at Yahoo Finance: Why AST SpaceMobile Stock Dropped 30% Last Month