Market in Pain? Not For These 10 Celebrating Stocks

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

AST SpaceMobile extended its winning streak to a 5th consecutive day on Tuesday, jumping 12.18 percent to close at $54.80 apiece as investor sentiment was boosted by reports that a Mexican billionaire was looking to boost his stake in the company for $22 billion.

On Tuesday, reports said that Mexican billionaire Carlos Slim, who owns América Móvil, is infusing more cash into AST SpaceMobile, Inc. (NASDAQ:ASTS).

Slim already owns a significant stake in the company, while his daughter sits on the board of directors.

AST SpaceMobile, Inc. (NASDAQ:ASTS) has yet to confirm or deny the reports.

If proven, Slim’s billion-dollar investment would largely support the company’s expansion plans, including its planned launches into orbit of 45 to 60 satellites by next year.

Additionally, AST SpaceMobile, Inc. (NASDAQ:ASTS) earlier said that it would deploy nationwide intermittent service in the US by the end of the year, followed by the UK, Japan, and Canada in the first quarter next year. This, alone, is expected to rake in revenues between $50 million and $75 million from government and commercial customers in the second half of the year.