ASTS surged nearly 7% today, clearly tied to recent progress in BlueBird satellite launches/deployment. The market is repricing the viability of the direct to mobile approach. Trading volume also expanded, reflecting strong sentiment.
But here's the catch: the stock price is outpacing fundamentals. Will sustained launches and genuine commercial partnerships keep the momentum going, or is this just another case of sell the news? This volatility is definitely not for the faint of heart.
Curious to hear your thoughts:
Is this the beginning of a long term story, or the peak of short term sentiment?