AST SpaceMobile (ASTS) Soars 149% YTD on Rosy Prospects

We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the top-performing mid-cap companies of the first half of the year.

AST SpaceMobile has so far grown by 149 percent since the start of the year, finishing at $52.63 on Wednesday versus its $21.10 close in the last trading day of 2024.

The company’s rapid increase can be attributed to two primary catalysts: billionaire Jeff Bezos’ potential investment in the company and billionaire Elon Musk’s ongoing spat with President Donald Trump.

Last month, investors gobbled up shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) after board member Adriana Cisneros posted a photo on social media showing herself alongside CEO Abel Avellan and Bezos, in a photo, with the caption: “Amazing things are happening at AST & Science + Blue Origin.”

Investors were quick to speculate that a partnership between the two companies is in the works, sending AST SpaceMobile, Inc.’s (NASDAQ:ASTS) share price flying.

Prior to the Instagram post, Blue Origin executives were previously spotted at the AST SpaceMobile, Inc. (NASDAQ:ASTS) headquarters in Texas, sparking speculations that discussions may have gone beyond launch logistics to cover broader strategic and financial matters.

An aerial view of a communications satellite in orbit, beaming its signal down to Earth.

At the same time, AST SpaceMobile, Inc. (NASDAQ:ASTS) is currently gaining ground from Musk and Trump’s ongoing feud, with investors expecting that the spat could shift the favor of government contracts away from Musk’s Space X and towards competitors, including AST SpaceMobile, Inc. (NASDAQ:ASTS).

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Disclosure: None. This article is originally published at Insider Monkey.