AST SpaceMobile (ASTS) Earns Double-Digit Boost From Musk-Trump Spat

We recently published a list of Small But Mighty: 10 Stocks That Stunned Wall Street Today. In this article, we are going to take a look at where AST SpaceMobile, Inc. (NASDAQ:ASTS) stands against other stocks that stunned Wall Street on Monday.

ASTS SpaceMobile extended its winning streak to a sixth straight day on Monday, adding 11.64 percent to finish at $34.82 apiece as the company earned a boost from an ongoing dispute between billionaire Elon Musk and President Donald Trump.

Specifically, Musk’s spat with Trump has dented prospects for its space company SpaceX, sparking investor optimism for publicly-listed space firms such as AST SpaceMobile, Inc. (NASDAQ:ASTS).

Optimism was further supported by brewing reports of its potential tie-up with Jeff Bezos’ Blue Origin, following an Instagram post by the former’s board member, Adriana Cisneros, showing herself alongside CEO Abel Avellan and Bezos, in a photo.

She also captioned: “Amazing things are happening at AST & Science + Blue Origin.”

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.

Overall, ASTS ranks 6th on our list of stocks that stunned Wall Street on Monday. 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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