AST SpaceMobile shares fall 14.6% on SpaceX frequency acquisition announcement
ASTS AST SpaceMobile Inc
$50.97 -10.48%
View chart & analysis → - 1AST SpaceMobile shares recorded a 14.6% decline on Friday.
- 2SpaceX announced after yesterday's market close that it agreed to purchase up to 14 MHz of spectrum in the 800 MHz band.
- 3This represents a 63% drop from AST's previous high recorded in May.
So what's the key point?
SpaceX decided to purchase new frequencies needed for communications. Following this news, AST SpaceMobile's share price fell 14.6%.
Source Nasdaq +1 · View original ↗
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