AST SpaceMobile shares rise as the space SPAC stock begins trading on the Nasdaq


KEY POINTS

  • Shares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday.
  • AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New Providence before the merger.
  • The close of AST’s deal comes as the first among a recent flurry of space SPAC announcements, with seven companies announcing SPAC mergers in the past six months.