Shares of AST SpaceMobile, Inc. (ticker: ASTS) experienced notable upward momentum, with traders highlighting a rally that pushed the stock price above $25.20, with potential to reach around $29. The company is noted to have a strong base of permanent capital shareholders, which may challenge short sellers, especially as revenue is expected to improve within six months. Market participants observed a 25% increase in the stock price during the trading session, with some investors closing positions after gains and others anticipating further price appreciation. The rally in ASTS is part of a broader market movement involving other stocks such as RKLB, IONQ, RGTI, and QBTS.