Shares of AST SpaceMobile (ASTS) have surged over the past year, but with Wall Street still coming to grips with its evolving role in global telecom, the company’s strongest gains may still lie ahead.
That’s one of the key points raised by Shay Boloor, a stock analyst and host on Stocktwits, who argues that ASTS isn’t a satellite company, but a “telecom integrator extending the global cellular grid directly from space.”
What makes this even more notable is that ASTS’s system works with standard, unmodified smartphones — no satellite dishes or special hardware required.
“ASTS partners with carriers, not competes with them,” Boloor said. “And their patented technology allows for direct-to-device broadband, solving the global dead zone problem with zero user friction.”
AST SpaceMobile is building a space-based 5G broadband network to expand internet access to remote regions and currently unconnected populations.
Boloor described ASTS’s business model as “genius,” noting that the company doesn’t need to acquire customers directly. Instead, it partners with major carriers to extend coverage through their existing user bases.
As Investors Observer reported, this model was exemplified by AST SpaceMobile’s recent partnership with Vodafone Idea, giving ASTS access to hundreds of millions of customers across India.
ASTS shares have rallied on these positive developments as investors position themselves ahead of potential future profitability.
ASTS stock hits record high
Shares of AST SpaceMobile soared to an all-time high on June 24, closing at $53.22. Although the stock has since pulled back slightly, it remains up 140% year-to-date and 282% over the past 12 months.
Despite not yet turning a profit, AST SpaceMobile’s market capitalization has surged to more than $17 billion.
The stock’s record-breaking rally was fueled by several catalysts, including the high-profile Vodafone Idea partnership, bullish coverage from analysts such as B. Riley, and a Scotiabank report suggesting Jeff Bezos’ Blue Origin may invest in the company.
The Blue Origin connection may have substance, as AST SpaceMobile board member Adriana Cisneros posted an Instagram photo featuring Jeff Bezos and AST CEO Abel Avellan, captioned: “Amazing things are happening at AST & Science + Blue Origin.”
These bullish developments helped offset concerns over weaker-than-expected first-quarter revenue and continued losses.
Looking ahead, several analysts project that AST SpaceMobile could reach profitability as early as 2026, with most forecasts pointing to a positive bottom line within the next three years.
AST SpaceMobile’s Q2 2025 earnings report is estimated to be released mid-August.
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