AST SpaceMobile surges 6,000%, fueled by SpaceMob retail investor army

AST SpaceMobile shares climbed nearly 6,000% over a 22-month period. A community of 50,000 investors known as SpaceMob drove the rally. This group mirrors the retail movements behind meme stocks like GameStop and AMC.

An anonymous leader called the Kook coordinates the group to buy during price dips. Members back technology designed to beam cellular signals from space to standard mobile phones.

The rally pushed the company's market capitalization to $25 billion. This valuation exceeds nearly one-third of the companies in the S&P 500. AST SpaceMobile currently generates $71 million in revenue.