AST SpaceMobile shares surge, gain almost $6 billion on Japan subsidy report
AST SpaceMobile, Inc. pushed higher in early trading Tuesday, gaining more market cap in one session than the total size of the Japan subsidy that sparked the run. The satellite-to-phone stock finished Monday at $86.77, a jump of 21.44%. Google Finance showed another 0.83% gain to $87.49 in premarket. Nasdaq’s premarket window is from 4:00 a.m. to 9:30 a.m. Eastern. AST closed with a market cap of $33.68 billion, according to Google Finance. Shares jumped 21.44%, tacking on roughly $5.95 billion from the last close. That’s about 6.4 times the $926 million Japanese subsidy pool cited, and market cap is around 36 times that figure. The math is rough—market cap is from the close and doesn't use a fully diluted