We recently published Santa Came Early for These 10 Double-Digit Gainers. AST SpaceMobile Inc. (NASDAQ:ASTS) is one of the best performers on Monday.
AST SpaceMobile extended its winning streak to a third straight day on Monday, jumping 14.03 percent to finish at $86.48 apiece as investors continued to place bets on the successful launch of its next-generation satellite.
After being rescheduled twice, the Indian Space Research Organisation said that it would officially launch AST SpaceMobile, Inc.’s (NASDAQ:ASTS) BlueBird 6 satellite on Christmas Eve, December 24, which is Tuesday, 10:24 PM EST.
The said launch would mark the first of AST SpaceMobile, Inc.’s (NASDAQ:ASTS) six planned launches until March 2026.
As compared with the BlueBirds 1 to 5, the 6th generation features the largest commercial phased array in low Earth orbit at nearly 2,400 square feet.
It is also nearly four times bigger than the previous generations and supports 10 times the data capacity.
The December 24 launch targets to enable ubiquitous cellular broadband coverage from space directly to mobile phones.
According to AST SpaceMobile Inc. (NASDAQ:ASTS), it would ramp up the production of its BlueBird 6 satellites, with planned manufacturing expansion in its Florida and Texas facilities.
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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
