Google's parent company Alphabet disclosed a new position in AST SpaceMobile Company's Class A shares, accounting for 3.8% in the first quarter.

Alphabet Inc. reported that it held a position in AST SpaceMobile Company's Class A stock in the first quarter, accounting for 3.8% of the company's issued Class A shares. According to the 13F filing submitted by Alphabet Inc. to the U.S. Securities and Exchange Commission, the company held 8.94 million shares, with a current market value of $205.9 million. At the end of the quarter, communications stocks accounted for 13% of Alphabet Inc.'s total stock holdings disclosed in the 13F filing, valued at $2.034 billion. AST SpaceMobile Company's Class A stock price is $23.02, up 9.1% since the beginning of the year.