Why Is AST SpaceMobile Stock Falling on Friday?
AST SpaceMobile Inc. (NASDAQ: ASTS) stock trades lower on Friday after SpaceX discloses an 800 MHz spectrum acquisition deal, heightening competition in satellite direct-to-device connectivity.
SpaceX just bought technology to compete with AST SpaceMobile's business. This makes AST's job harder, so investors got worried about the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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