AST SpaceMobile Inc. (NASDAQ:ASTS) stock is falling on Friday, primarily because of intensifying competition from SpaceX’s Starlink Mobile.
52%. SpaceX agreed to acquire up to 14 megahertz (MHz) of spectrum in the 800 MHz band from Grain Management, subject to regulatory approval.
” SpaceX’s Chief Operating Officer Gwynne Shotwell said the company plans to target existing wireless carrier customers. Read Also: Stock Market Today: S&P 500, Dow Jones Futures Gain as Scott Bessent Says US Is Starving Iran's 'Tyrannical Regime' The low-band spectrum could help Starlink Mobile improve connectivity and compete directly with traditional mobile carriers and satellite-to-phone providers.
AST SpaceMobile relies on partnerships with wireless carriers to deliver satellite connectivity to ordinary smartphones. Investors weigh the potential for SpaceX’s expanding satellite network and spectrum holdings to put pressure on AST SpaceMobile’s coverage, service economics and ability to differentiate its offering.
S. wireless carriers — Verizon Communications Inc.
(NYSE:VZ), AT&T Inc. (NYSE:T) and T-Mobile US Inc.
(NASDAQ:TMUS) — are also trading lower in premarket trading on Friday following SpaceX’s disclosure. The announcement follows the FCC’s earlier approval of SpaceX’s direct-to-device satellite constellation and a shared venture announced by AT&T, T-Mobile and Verizon Communications on Oct.
2. 93).
The 20-day SMA sitting below the 50-day SMA keeps the near-term structure bearish, and the death cross that formed in July (50-day below 200-day) reinforces that the bigger-picture trend remains pressured. Key levels are tight enough to matter for swing traders watching for either a breakdown or a base.
66 at the time of publication on Friday. 31, according to Benzinga Pro data.
