Broad Run's position in AST SpaceMobile is currently worth $137M. That's 2.87% of their equity portfolio (2nd largest holding). The first AST SpaceMobile trade was made in Q2 2021. Since then Broad Run bought shares four more times and sold shares on fifteen occasions. The stake costed the investor $9.76M, netting the investor a gain of 1303% so far.
As AST burns cash at an accelerating rate, the money it has left will not last long.
AST SpaceMobile Inc. (NASDAQ:ASTS)’s traded shares stood at 1.53 million during the last session. At the close of trading, the stock’s price was $3.79, to im...