10 Best Emerging Technology Stocks to Buy Now

6. AST Spacemobile Inc. (NASDAQ:ASTS)

Focus Area: Space-based cellular broadband

Potential Upside: 14%

Number of Hedge Fund Holders: 22

AST Spacemobile Inc. (NASDAQ:ASTS) is an innovative satellite communications company that is developing the first satellite-based broadband network designed to provide direct-to-mobile connectivity without requiring specialized satellite phones. The company’s technology leverages low earth orbit (LEO) satellites to deliver high-speed, reliable communication services, enhancing mobile connectivity.

AST Spacemobile Inc. (NASDAQ:ASTS) is making waves in the telecommunications industry by combining space technology with mobile networks to deliver affordable, high-speed cellular broadband. The company is well-positioned to capitalize on the increasing demand for global mobile connectivity, particularly in remote and underserved areas that lack reliable service or fall outside traditional cellular coverage. By integrating satellite technology with existing mobile networks, AST Spacemobile creates valuable partnership opportunities with telecom providers and is currently at a late-stage pre-commercialization phase and expects to rollout services in 2026.

According to its October 2024 investor presentation, approximately 90% of the Earth’s surface lacks cellular coverage, and 5.6 billion mobile devices frequently lose signal. The company projects a $67 billion market for satellite direct-to-device communications between 2023 and 2030, implying bright future prospects for the company.