AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn
The company secured $983.6 million in net proceeds and approval for a 400,000-square-foot factory that could create up to 1,800 jobs.
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Space Stocks Surge As AST SpaceMobile (NASDAQ: ASTS) Jumps 12% And Macquarie Backs SpaceX (NASDAQ: SPCX) With $250 Target
Space sector stocks are staging a broad rally, with investors rotating back into the theme after a period of sustained weakness across the group. AST SpaceMobile (NASDAQ: ASTS) leads the charge with a 12% gain, pushing shares to $64 as bullish momentum builds around the company’s expanding operational footprint. The company recently received approval from Midland officials for a major factory expansion, with a planned 400,000-square-foot satelli…
AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn
Shares of space stocks are catching a bid Tuesday as the sector rebounds from recent weakness. AST SpaceMobile (NASDAQ:ASTS) stock leads the move with a 12% gain to $64. SpaceX (NASDAQ:SPCX | SPCX Price Prediction) shares are up 7% to $128, Virgin Galactic (NYSE:SPCE) stock is rallying 6% to $2.73, and Rocket Lab (NASDAQ:RKLB) stock ... AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Take…
AST SpaceMobile is a buy, this analyst says
Roth Capital Partners analyst Scott Searle says weakness in AST SpaceMobile (AST SpaceMobile Stock Quote, Chart, News, Analysts, Financials NASDAQ:ASTS) shares after its $1.1-billion convertible offering should be used as a buying opportunity. In a July 20 update, Searle maintained his “Buy” rating and $108.00 target on AST SpaceMobile. AST shares fell 17% after the […] Source
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