On September 17, AST SpaceMobile, Inc. rose 5.77% in regular trading, trading at $62.79/share with turnover of $109 million, rebounding after two consecutive sessions of pullback.

On the news front, multiple catalysts continued to drive sentiment. SpaceX and AST SpaceMobile, Inc. have both expressed interest in acquiring a block of space-based wireless spectrum held by Grain Management, which became available following a spectrum swap with T-Mobile US. Grain has solicited bids by early September, targeting approximately $6 billion from the sale. The scarcity of such spectrum assets has drawn significant market attention to the outcome of the bidding process.

Adding to the bullish momentum, Berenberg recently initiated coverage on AST SpaceMobile, Inc. with a Buy rating and a $92 price target. This follows earlier upgrades from B. Riley, which raised its rating to Buy with an $85 target, and Scotiabank. These institutional endorsements have reinforced investor confidence in the company's long-term growth trajectory amid its accelerating BlueBird satellite constellation deployment and expanding $1.3 billion order backlog.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)