AST SpaceMobile (ASTS) stock jumps 6% as SpaceX-xAI merger lifts U.S. space shares
AST SpaceMobile shares rose 6.3% to $111.11 Tuesday after a sector rally triggered by SpaceX’s planned merger with xAI. About 11.5 million shares traded as investors focused on AST’s upcoming BlueBird 7 satellite launch and a new U.S. Missile Defense Agency contract. Scotiabank recently downgraded the stock, citing valuation concerns and lack of retail customers.