Jim Cramer Recently Answered Questions About These 10 Stocks

4. AST SpaceMobile, Inc. (NASDAQ:ASTS)

Number of Hedge Fund Holders: 30

AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the stocks Jim Cramer recently answered questions about. When a caller asked about the company during the lightning round, Cramer said:

“Okay, see this is the kind of company, alright, this is what I hate. I know that they filed a big convertible after the close. That is exactly what I’m most afraid of. That’s an equivalent of a big corporate finance. It’s going to push the stock down. That’s what I’m seeing with a lot of this speculative stuff. No, no, no.”

AST SpaceMobile, Inc. (NASDAQ:ASTS) builds and operates the BlueBird satellite network. The company delivers space-based cellular broadband that connects directly to standard smartphones for both commercial and government applications. Crossroads Capital stated the following regarding AST SpaceMobile, Inc. (NASDAQ:ASTS) in its second quarter 2025 investor letter:

“Our second-largest position, AST SpaceMobile, Inc. (NASDAQ:ASTS), is a pioneer in space-based cellular broadband that will quite literally change the world should it succeed in its ambitious mission to solve a persistent and universal pain point for mobile users around the globe: eliminating coverage gaps while bringing affordable broadband to billions without basic internet services.

As a quick refresher, AST was founded in 2017 by CEO Abel Avellan before going public as a SPAC in 2021. The company’s raison d’être is to “connect the unconnected” by providing uninterrupted direct-to-device (“D2D”) broadband coverage to everyday smartphones via the world’s first and only purpose-built global low earth orbit (“LEO”) network for D2D. In short, the company provides satellite-based cell tower services to wireless carriers around the world through basketball court-sized phased array antennas deployed in LEO, a key globally scalable enabling technology set to redefine wireless connectivity on a global scale.

The emergence of AST represents a pivotal moment in the evolution of not just the company but the entire telecommunications industry, primarily because AST is not merely iterating on existing technology but is introducing a fundamentally new category of service that aims to bridge the digital divide and provide ubiquitous cellular coverage to underserved populations worldwide. Indeed, if we may be so bold, the company isn’t just building a satellite network – it’s constructing the final piece of digital infrastructure that will complete a century-long arc toward universal human connectivity…” (Click here to read the full text)