New York— AST SpaceMobile Inc. (NASDAQ: ASTS) continued its impressive run, surging more than 11% and reaching an all-time high of $39.18. The rally reflects growing investor confidence in the company’s vision to deliver satellite-based mobile broadband directly to smartphones.
The stock is up 84% year-to-date and nearly 300% over the past 12 months, cementing its place as one of the top-performing tech stocks of 2025.
Institutional Investors Show Strong Interest
In the first quarter, Dynamic Advisor Solutions LLC increased its holdings in ASTS by 36.8%, now owning over 116,000 shares valued at $2.65 million. Other firms, including SG Americas Securities and Wealth Enhancement Advisory Services, also boosted their positions.
Institutional ownership now accounts for over 60% of the company’s stock, reflecting broad confidence in its long-term potential.
Insider Selling Grabs Attention
Recent filings show that President Scott Wisniewski sold 50,000 shares worth $1.78 million. CTO Huiwen Yao also sold 55,000 shares for approximately $1.47 million. Despite this, insiders still own more than 34% of ASTS stock.
These transactions come amid a broader wave of investor enthusiasm and don’t appear to have dampened overall sentiment.
Launch Plans and Market Expansion
AST SpaceMobile is preparing to launch its first Block 2 BlueBird satellite in July 2025. The company plans to manufacture and launch up to six satellites per month by the end of the year.
Its goal is to deliver space-based cellular broadband that connects directly to standard smartphones, starting with key regions including the U.S., Europe, and Japan.
Strong Cash Position and Federal Contracts
The company ended the first quarter with $874 million in cash, providing a solid foundation for its aggressive expansion. ASTS recently won a $43 million contract from the U.S. Space Development Agency and received special FCC approval to support public safety communications.
These milestones strengthen its credibility and support its path toward commercial rollout.
Analysts Maintain Bullish Outlook
Analyst coverage remains positive. UBS and Cantor Fitzgerald maintain “buy” ratings, with targets ranging from $30 to $45. The average price target stands at $42.40.
Roth Capital and Scotiabank also see strong upside as ASTS nears commercial service and potential inclusion in major market indices.
Cautious Optimism Going Forward
While the company has yet to generate significant revenue — reporting just $0.72 million in Q1 compared to expectations of $3.85 million — investors are focused on future growth, not current earnings.
Execution risk remains, particularly around satellite deployment and cost management. However, the company’s financial backing and strategic clarity are winning over growth-focused investors.