Why AST SpaceMobile Stock Soared Higher Today

Shares of AST SpaceMobile (NASDAQ: ASTS) jumped on Wednesday, finishing the day up 10.6%. The spike came as the S&P 500 and Nasdaq Composite were relatively flat. The satellite communications company announced a new partnership with a massive telecom provider in India.

A major new partnership for AST SpaceMobile

AST SpaceMobile announced a strategic partnership with Vodafone Idea (Vi), an Indian telecom giant with over 1.1 billion mobile subscribers. The deal will combine Vodafone's land-based network with AST's satellite-based technology to connect underserved regions using regular smartphones.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »

A major opportunity

India represents a massive growth market with a huge population and a significant number of underserved customers in remote regions. AST's space-based system makes it possible for these populations to access Vodafone's network. The deal is a major opportunity and marks another validation of its technology.

Image source: Getty Images

AST SpaceMobile is growing

This comes just weeks after Jeff Bezos visited the company's headquarters in Texas. The Amazon founder's presence set off a firestorm of rumors about an increased partnership between his space company, Blue Origin, and AST.

It seems things are going well for the satellite maker. AST's vision for the future of broadband access is compelling. It's not hard to see the value it can provide. Investors should be aware of the cost of building out its network, despite its recent successes. There is a risk of dilution as the company finances its network. But for those with a high risk tolerance and a longer time horizon, I think AST SpaceMobile is a good pick.

Should you invest $1,000 in AST SpaceMobile right now?

Before you buy stock in AST SpaceMobile, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AST SpaceMobile wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $883,386!*

Now, it’s worth noting Stock Advisor’s total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of June 9, 2025

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.