AST SpaceMobile (ASTS) Stock Surges 5% Following Jim Cramer’s ‘Let’s Own This One’ Endorsement

Key Highlights ASTS shares advanced 4.6% to $90.94 during Thursday’s session, with trading volume reaching 17.9 million shares — approximately 19% higher than typical daily levels Market momentum was partially fueled by Amazon’s announcement to acquire Globalstar, sparking renewed interest across the low Earth orbit (LEO) satellite industry During Mad Money, Jim Cramer endorsed ASTS as a stock worth owning, highlighting its “unique property” while acknowledging its speculative nature The satellite operator projects FY26 revenue between $150M–$200M, maintains a contracted backlog of $1.2B, and reports approximately $3.9B in available liquidity Wall Street analysts show divided opinions — consensus price target of $77.10, with ratings split between 2 Buys, 6 Holds, and 3 Sells Shares of AST SpaceMobile experienced a notable 4.6% uptick on Thursday, finishing the trading day at $90.94 compared to the previous session’s close of $86.91. Trading activity reached 17.9 million shares — roughly 19% beyond typical volume levels — indicating substantive investor interest driving the rally. AST SpaceMobile, Inc., ASTS The stock peaked at $91.10 during intraday trading. Technical indicators show the 50-day moving average positioned at $89.27, while the 200-day average rests at $82.79. The company’s current market capitalization hovers near $34.74 billion. What triggered the movement? Amazon’s disclosed plans to purchase Globalstar created waves throughout the satellite connectivity industry. Market participants seemed to reassess ASTS based on the premise that an expanding LEO connectivity ecosystem could benefit several companies, beyond just Amazon’s interests. Jim Cramer provided additional momentum during his Mad Money program, responding to a viewer inquiry: “I like it very much. After what I saw happen with Globalstar and Amazon — let’s own this one.” He had earlier characterized ASTS as a speculative holding but suitable for inclusion in a well-balanced portfolio. The...