AST SpaceMobile Surges 68% on SpaceX $2T IPO Buzz, Then Falls 5%
ASTS•AST SpaceMobile stock surged 68% this month on SpaceX’s expected $2 trillion IPO valuation while retail traders cast 38% of survey votes for the company. However, ASTS slipped 5% in overnight trading as index inclusion speculation cooled broader space trade.
1. SpaceX IPO Buzz Spurs Sector Rally
The expected SpaceX IPO targeting a near $2 trillion valuation has ignited a sector-wide rally in smaller space companies, driving gains across RKLB, SIDU, ASTS and BKSY as investors seek indirect exposure to orbital infrastructure.
2. AST SpaceMobile Soars 68% in May
AST SpaceMobile jumped 68% this month, outperforming peers Rocket Lab USA and BlackSky Technology, as traders bet on the company’s satellite broadband ambitions and potential role in future orbital networks.
3. Retail Poll Shows Strong Support for ASTS
A poll of over 3,100 investors saw 38% backing AST SpaceMobile as their top five-year space pick, narrowly trailing Rocket Lab’s 39%, underscoring robust retail conviction in ASTS’s growth prospects.
4. Overnight Pullback and Future Considerations
Following the rally, ASTS slipped 5% in recent trading amid profit-taking and easing expectations for rapid index inclusion; future performance will hinge on SpaceX’s IPO timeline and AST SpaceMobile’s satellite deployment milestones.
