Why AST SpaceMobile, Inc. (ASTS) Skyrocketed Today?

We recently published a list of These 10 Stocks Are On Fire Right Now. In this article, we are going to take a look at where AST SpaceMobile, Inc. (NASDAQ:ASTS) stands against other Wednesday's best-performing stocks.

AST SpaceMobile grew its share prices for a third straight day, jumping 13.94 percent to end at $28.69 apiece on renewed speculations that the company is joining forces with Jeff Bezos’ Blue Origin.

The rally was bolstered by an Instagram post by a board member, Adriana Cisneros, showing herself, AST SpaceMobile, Inc. (NASDAQ:ASTS) CEO Abel Avellan, and Bezos, in a photo.

“Amazing things are happening at AST & Science + Blue Origin,” Cisneros captioned.

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

AST SpaceMobile, Inc. (NASDAQ:ASTS) already holds a major commercial agreement with Blue Origin for the launch of up to 45 BlueBird Block 2 satellites, with the option to add 15 more.

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