AST SpaceMobile Stock Surge and ETF Exposure Alternatives

AST SpaceMobile (ASTS) shares rallied 16% following successful BlueBird 6 satellite tests and a bullish $60 price target from Barclays. The bank highlighted AST's superior connectivity potential versus competitors, sparking investor interest in indirect exposure through space-focused ETFs.

The Procure Space ETF (UFO), with $117.27M AUM and a 0.94% expense ratio, offers concentrated space economy exposure. Top holdings like Planet Labs and Rocket Lab helped deliver 59.9% returns over six months. Similarly, the SPDR S&P Telecom ETF (XTL) provides diversified telecom-sector access, though with less direct space industry weighting.

Neither ETF currently holds ASTS directly, but their thematic focus aligns with the satellite communications boom. Barclays' endorsement reflects growing institutional confidence in space infrastructure plays, mirroring cryptocurrency markets' appetite for disruptive tech exposure.