AST SpaceMobile Jumps As Space Stocks Rally Before NASA Update

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are moving higher in Wednesday's premarket session as investors continue to show strong interest in the satellite connectivity sector and space-based broadband opportunities.

SpaceX IPO Fuels Broader Space Stock Rally

AST SpaceMobile gained as space stocks rallied following SpaceX's IPO filing and ahead of NASA's Moon Base update.

Investors see ASTS as a key public-market play on satellite-based broadband, with the company building technology that connects standard mobile phones directly to satellites.

SpaceX's expected $2 trillion-plus valuation — driven largely by Starlink's satellite internet business — has boosted interest in similar companies.

ASTS, meanwhile, is considered a "Starlink-adjacent" opportunity targeting telecom, aviation, and defense markets through its space-based cellular network.

Leveraged ETF Launch Adds Momentum

Momentum around ASTS also increased after Defiance ETFs launched the Daily Target 2X Long ASTS ETF (BATS:ASTY), a leveraged fund designed for traders seeking amplified short-term exposure to AST SpaceMobile shares.

The launch highlights growing investor demand for high-volatility space and connectivity trades.

The stock has surged in recent months as enthusiasm builds around satellite-to-cellular broadband, commercial milestones, and the broader expansion of the space economy.

Other space-related stocks are also seeing an uptick. For example, Spire Global, Inc. (NYSE:SPIR) shares spiked during Wednesday’s premarket session, as the company announced a partnership with Schaeffler AG (OTC:SFFLY) to enhance European space capabilities.

ASTS Technical Outlook: Momentum And Key Support Levels

Short interest in AST SpaceMobile increased from 48.63 million to 53.99 million shares, representing 18.14% of the public float. Based on current trading volume, it would take short sellers nearly 3 days to cover their positions.

AST SpaceMobile’s stock has shown remarkable performance over the past year, with a staggering 381.88% increase.

Currently, the stock is trading at $127.47, significantly above its moving averages: 57% above the 20-day simple moving average (SMA) of $80.66, 49.2% above the 50-day SMA of $84.87, and 66.4% above the 200-day SMA of $76.07.

The Relative Strength Index (RSI) currently sits at 73.90, indicating the stock is in overbought territory and suggesting a potential pullback could occur if momentum wanes.

The 50-day SMA is above the 200-day SMA, indicating a golden cross, which is generally a bullish signal for traders.

• Key Resistance: $130.00 — a nearby level where rebounds can stall.
• Key Support: $90.18 — a crucial level that could provide a safety net if the stock experiences a downturn.

ASTS Earnings Preview And Analyst Price Targets

AST SpaceMobile will provide its next financial update on August 10, 2026 (estimated).

• EPS Estimate: Loss of 29 cents (Up from Loss of 41 cents)
• Revenue Estimate: $34.54 million (Up from $1.16 million)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $68.90. Recent analyst moves include:

• UBS: Neutral (Lowers Target to $80.00) (May 12)
• B. Riley Securities: Neutral (Raises Target to $85.00) (May 12)
• Barclays: Underweight (Raises Target to $65.00) (April 9)

ASTS Stock Price Activity: AST SpaceMobile shares were up 6.47% at $127.45 during premarket trading on Wednesday, according to Benzinga Pro data.

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