Jim Cramer on AST SpaceMobile: “I Think It Can Make Money in Two Years”

AST SpaceMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. A caller inquired what one should do if they do not have a position in the stock. Here’s what Cramer had to say:

I think it’s a great speculative stock. I really do… I think it can make money in two years. I would go for it. I really would, especially because it’s just taking that break.

Photo by Artem Podrez on Pexels

AST SpaceMobile, Inc. builds and operates the BlueBird satellite network. The company delivers space-based cellular broadband that connects directly to standard smartphones. An Investing Club member inquired about the stock during the June 18 episode, and Cramer responded:

Alright, now, we looked at all these satellite and rocket stocks and came back with a very mixed view of them because they’re so hit or miss. This one right now is on the miss cycle. Now, strangely, when in the miss cycle, I like them. When they hit… hit cycle, I don’t. This is low enough that I think you ought to take, it’s a flier, remember, you’re allowed to have, every five stocks, you can have one that is speculative. For every five stocks… of that I want rigor, you can have one that is just about your heart. How about that? And anyway, it is passion versus rigor, and it’s speculation versus pure investment. I don’t mind people having one of each and one of each.

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