12 Best Multibagger Stocks to Buy Right Now

4) AST SpaceMobile, Inc. (NASDAQ:ASTS)

Number of Hedge Fund Holders: 18

One-year Return: ~349%

Average Upside Potential: ~85%

Market Cap as of 30^th December: $6.38 billion

AST SpaceMobile, Inc. (NASDAQ:ASTS) is engaged in developing and providing access to a space-based cellular broadband network for smartphones in the US.

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s technology addresses a significant pain point, which is the lack of reliable mobile connectivity in remote and underserved areas. By offering direct-to-phone connectivity from satellites, it eliminates the need for ground-based infrastructure. The company successfully launched its first five commercial satellites, known as BlueBirds, reflecting a pivotal advancement toward establishing its space-based cellular network. Such satellites are among the largest communications arrays deployed in low-Earth orbit, underscoring AST SpaceMobile, Inc. (NASDAQ:ASTS)’s innovative capabilities.

With these satellites operational, the company can start garnering revenue via existing agreements with global telecom operators such as Vodafone, AT&T, and Rakuten. Revenue is expected to come from usage fees, data sharing, or subscription models. Furthermore, the BlueBird satellites have been designed to offer connectivity in remote and underserved regions, where traditional infrastructure is costly or impractical. These areas represent a vast, untapped market for AST SpaceMobile, Inc. (NASDAQ:ASTS)’s services.

As per Wall Street, the successful deployment of the BlueBird satellites is a game-changer for AST SpaceMobile, Inc. (NASDAQ:ASTS). These satellites should help the company unlock significant market opportunities, diversify its revenue streams, and establish itself as a leader in the ever-growing field of space-based mobile connectivity.