Why AST SpaceMobile Stock Rocketed 250% Higher in 2024

Shares of satellite designer and manufacturer AST SpaceMobile (NASDAQ: ASTS) rocketed 250% higher in 2024, according to data provided by S&P Global Market Intelligence. The space company made significant progress establishing its spaced-based cellular broadband network during the year and inked deals with major telecommunications giants, which sent shares soaring.AST SpaceMobile aims to transform global communication by delivering reliable cellular broadband through its low-Earth orbit satellites. The company looks to work with telecommunications companies to bridge connectivity gaps in regions that traditional infrastructure can't reach.This connectivity is vital for everyday communication and will form the backbone of advanced technologies, including autonomous vehicles and IoT devices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool