SpaceX's potential entry into the telecommunications market and the value of AST SpaceMobile
SPCX Space Exploration Technologies Corp
$139.75 -2.33%
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- 1UBS announced a downward revision of AST's price target range from $78 to $43.
- 2AST's quarterly revenue of $42.3 million fell below the expected $46.6 million.
- 3Polymarket traders set the probability of SpaceX offering US mobile plans by June 2027 at 22%.
So what's the key point?
AST's revenue was lower than expert expectations and its price target was lowered. The low probability of SpaceX providing telecommunications services is also unfavorable news for investors.
Source Benzinga Prediction Markets +1 · View original ↗
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