AST SpaceMobile (ASTS) Gains on Market Approval
Key takeaways
- The Fund increased by 4.2% net of fees and expenses during the quarter.
- In its first-quarter 2026 investor letter, Crossroads Capital highlighted AST SpaceMobile, Inc.
- Crossroads Capital stated the following regarding AST SpaceMobile, Inc.
AST Space Mobile (ASTS) Gains on Market Approval Soumya Eswaran Mon, May 25, 2026 at 9:54 PM GMT+7 4 min read ASTS ^GSPC Crossroads Capital LLC, an investment management firm, published its first-quarter 2026 investor letter. You can download a copy here. The Fund increased by 4.2% net of fees and expenses during the quarter. Since its founding, the fund has compounded at a gross rate of 21.3% and a net rate of 17.1%. By the end of March 20206, the fund’s overall non-delta adjusted gross and net exposures were 114.1% and 73.3%, respectively. The letter noted that the stable market trends from 20205 were broken by geopolitical tensions linked to Trump’s increasingly unpredictable foreign policy, causing the S&P 500 to fall about 4.3%. Nonetheless, Q1’s fundamentals aligned with broader trends. Overall, the firm is pleased with its portfolio, maintaining its position as special situations begin to accelerate. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Crossroads Capital highlighted AST SpaceMobile, Inc. (NASDAQ:ASTS). AST SpaceMobile, Inc. (NASDAQ:ASTS) is a US-based satellite communication company developing a space-based cellular broadband network designed to connect directly to smartphones through its BlueBird satellites. On May 22, 2026, AST SpaceMobile, Inc. (NASDAQ:ASTS) closed at $105.86 per share. One-month return of AST SpaceMobile, Inc. (NASDAQ:ASTS) was 37.12%, and its shares gained 339.34% over the past 52 weeks. AST SpaceMobile, Inc. (NASDAQ:ASTS) has a market capitalization of $41.08 billion.
Crossroads Capital stated the following regarding AST SpaceMobile, Inc. (NASDAQ:ASTS) in its Q1 2026 investor letter: