AST SpaceMobile (ASTS) Soars 149% YTD on Rosy Prospects

We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the top-performing mid-cap companies of the first half of the year.

AST SpaceMobile has so far grown by 149 percent since the start of the year, finishing at $52.63 on Wednesday versus its $21.10 close in the last trading day of 2024.

The company’s rapid increase can be attributed to two primary catalysts: billionaire Jeff Bezos’ potential investment in the company and billionaire Elon Musk’s ongoing spat with President Donald Trump.

Last month, investors gobbled up shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) after board member Adriana Cisneros posted a photo on social media showing herself alongside CEO Abel Avellan and Bezos, in a photo, with the caption: “Amazing things are happening at AST & Science + Blue Origin.”

Investors were quick to speculate that a partnership between the two companies is in the works, sending AST SpaceMobile, Inc.’s (NASDAQ:ASTS) share price flying.

Prior to the Instagram post, Blue Origin executives were previously spotted at the AST SpaceMobile, Inc. (NASDAQ:ASTS) headquarters in Texas, sparking speculations that discussions may have gone beyond launch logistics to cover broader strategic and financial matters.

At the same time, AST SpaceMobile, Inc. (NASDAQ:ASTS) is currently gaining ground from Musk and Trump’s ongoing feud, with investors expecting that the spat could shift the favor of government contracts away from Musk’s Space X and towards competitors, including AST SpaceMobile, Inc. (NASDAQ:ASTS).

While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.