Why T-Mobile, Globalstar, and AST SpaceMobile Stocks All Popped This Morning
T-Mobile just did a huge favor for Globalstar and AST stocks.
If you caught last night's football game, perhaps you noticed the multiple advertisements run by T-Mobile US (NASDAQ: TMUS) touting the company's offer to let anyone in the U.S. -- not just its own customers -- participate in its new direct-to-cell (DTC) collaboration with SpaceX's Starlink service.
Well, investors noticed the commercials as well. And thanks to them, T-Mobile stock is up 3% through 10:50 a.m. ET in Nasdaq trading on Monday. What's truly curious, though, is that at the same time as T-Mobile stock is inching higher, shares of a pair of satellite communications company stocks, AST SpaceMobile (NASDAQ: ASTS) and Globalstar (NYSEMKT: GSAT), are doing much, much better.
In fact, AST's gain today is an astounding 23%, and Globalstar stock is up a solid 11.3%, both multiples of the gain that T-Mobile stock is enjoying.
