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Starlink Rival AST SpaceMobile Gets Rare Sell Amid 254% Run
(Bloomberg) — AST SpaceMobile Inc. shares have more than tripled this year as the race for space-based cell phone connectivity heats up. With Elon Musk’s SpaceX division, Starlink, rushing to overtake it, AST is positioned for “painful corrections,” according to a Scotiabank analyst.
“In the midst of an impressive bull market, extreme volatility in recent days has led to what we see as a valuation bubble,” analyst Andres Coello wrote in a note Tuesday downgrading the stock to sector underperform from sector perform. After a key satellite launch setback, he fears further delays may encourage some carriers to explore ditching AST SpaceMobile and moving to Starlink.
AST SpaceMobile Pops, Has This Advantage Over SpaceX, Analyst Says
AST SpaceMobile stock jumped above a buy point on Wednesday and received a price target hike after the SpaceX rival announced a production and launch update. AST SpaceMobile (ASTS) late Tuesday announced that its BlueBird 6 satellite had completed final assembling and testing and was ready to ship to India on Oct. 12. The company also expects to ship its…
9/08/2025
EchoStar stock surged after the company announced a spectrum sale to SpaceX for approximately $17 billion, including $8.5 billion in…
Tech and retail giants like Amazon and Walmart see a future where AI can make shopping decisions faster and with more precision. (© Dave Cutler)
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