Cramer Backs ASTS Stock for Two-Year Gains

AST SpaceMobile shares have more than doubled this year. Jim Cramer added a high-profile endorsement Tuesday, using the "Mad Money" Lightning Round to call the stock a two-year winner.

Cramer said the company's technology and its potential to capture a slice of the global mobile connectivity market give it room to run. The call was brief. The stock closed at $38.41 on Tuesday, up 8% on the session.

The company is building a network of low-earth-orbit satellites designed to connect standard smartphones directly. No specialized hardware is needed. AST SpaceMobile has signed agreements with mobile network operators covering more than 2 billion subscribers worldwide. The first five commercial satellites launched in September 2024. Initial commercial service is expected to begin later this year.

The stock carries significant risk. AlphaScala's proprietary model gives it an Alpha Score of 32 out of 100, a Weak label. The company has not yet generated meaningful revenue. Its path to profitability depends on hitting launch milestones and securing regulatory approvals across multiple countries. The technology also faces competition from SpaceX's Starlink and Amazon's Project Kuiper, though AST's direct-to-phone focus differentiates it from broadband satellite networks.

Cramer's endorsement adds a bull case to a stock that already had momentum. The next major catalyst is the start of commercial service. That will mark the first real test of the technology's performance and market demand. Until then, the stock is likely to trade on news flow and sentiment shifts.

The company reports quarterly results in August. That update will include satellite performance and subscriber agreements, giving investors a clearer picture of whether the commercial launch is on track. The stock's ASTS stock page on AlphaScala shows the full risk profile.