SpaceThe Motley Fool2 days ago
AST SpaceMobile Drops 15% After SpaceX IPO
2 min read
AST SpaceMobile shares fell 15.53% to $82.41 in a space-stock shakeout following SpaceX's IPO, which soared nearly 20% to $161.11. Trading volume hit 54.3 million shares, 172% above the three-month average. Investors are reassessing satellite-connectivity valuations amid new public-market competition.
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