AST SpaceMobile Stock Skyrockets on Satellite Breakthroughs and Big-Name Backing
AST SpaceMobile shares jumped 10% to $54 intraday on September 23, 2025, after reports that Carlos Slim may boost his investment in the company. The FCC has conditionally approved 20 AST satellites for launch, while the company’s first commercial satellite is in final testing. Despite a $20 billion market cap, AST has no commercial revenue and posted a Q2 loss. SpaceX’s Starlink acquisition of 5G spectrum has increased competitive pressure.