1Mon·

AST SpaceMobile

$ASTS (-6.02%) plunges ~13% pre-market after news that SpaceX struck a $17B spectrum deal with EchoStar.

Investors fear heightened competition in satellite-to-cell service, overshadowing AST’s own $46.5M spectrum agreement and recent FCC approvals.

Space race just got tougher. 🚀

4 Comments

Investment_Inka@Investment_Inka

1Mon

Thanks for the news! I was wondering where the movement came from and couldn’t find anything. Having SpaceX / Starlink as direct competitor will probably be tough as they are already active in satellite internet. Or what does the community think?

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G_Lappas10@G_Lappas10

1Mon

@Investment_Inka I don’t really follow the company closely, just shared the news. There was already a big chance for a correction here.

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Chandra@Chandra

1Mon

@Investment_Inka Whenever you are wondering why $ASTS moves you can take a look into the ASTS subreddit. At least that is where I always find the news. 😄

Here is the link:
https://www.reddit.com/r/ASTSpaceMobile/

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G_Lappas10@G_Lappas10

1Mon

@Chandra TRUE

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