Investment
Features
FeesSafety
Academy
More
Pluang+

AST SpaceMobile shares drop 6% as SpaceX secures low-band spectrum, tightening competition for satellite phone links.

Market News
09 Oct 2026
24/7 Wall Street
View Source
Bearish
AST SpaceMobile shares drop 6% as SpaceX secures low-band spectrum, tightening competition for satellite phone links.

AST SpaceMobile's stock fell 6% after SpaceX agreed to acquire a nationwide low-band spectrum portfolio that AST had been pursuing, closing off a key option for expanding its satellite phone service. This spectrum is crucial for direct-to-device satellite connections, especially indoors. While AST SpaceMobile loses this spectrum opportunity, it still holds mid-band spectrum deals with Ligado Networks. The deal awaits regulatory approval, and the outcome could impact AST's future spectrum plans. Other space-related stocks like Rocket Lab and Planet Labs were less affected, as their businesses do not rely on this spectrum.

As of Oct 09, 2026 21:02 WIB, AST SpaceMobile's stock is down 9.01% on Pluang, trading at USD 51.80 with a market cap of $17.07 billion. SpaceX shares have risen 1.56% to USD 163.08, reflecting a market cap of $2.18 trillion. Rocket Lab and Planet Labs also saw declines, with Rocket Lab down 1.54% at USD 67.35 and Planet Labs down 3.08% at USD 16.66. AST SpaceMobile's notable 9.01% drop stands out among these space-related stocks.

More News (ASTS)

AST SpaceMobile falls 7% after SpaceX wins FCC approval for direct-to-phone satellite service.

AST SpaceMobile falls 7% after SpaceX wins FCC approval for direct-to-phone satellite service.

AST SpaceMobile's stock dropped 7% following the FCC's approval for SpaceX to build a satellite network that connects directly to ordinary phones without needing wireless carriers. This regulatory change threatens AST SpaceMobile's business model, wh...

Market News
Bearish
1 day ago
SpaceX shares drop 2% amid reports of $40B debt plan to buy NVIDIA AI chips

SpaceX shares drop 2% amid reports of $40B debt plan to buy NVIDIA AI chips

SpaceX shares fell 2% following reports that the company is seeking $40 billion in debt financing to purchase NVIDIA AI chips, fueling concerns about leverage in the capital-intensive space sector. This move aims to expand SpaceX's AI computing busin...

Market News
Bearish
2 days ago
AST SpaceMobile stock drops after failed launch but analyst sees 70% upside with upcoming satellite constellation.

AST SpaceMobile stock drops after failed launch but analyst sees 70% upside with upcoming satellite constellation.

AST SpaceMobile's stock fell sharply after a failed satellite launch and six consecutive earnings misses, cutting its value nearly in half. Despite this, Roth MKM analyst maintains a Buy rating with a $108 price target, citing the company's unique sp...

Analyst Insights
Bullish
2 days ago
Three space stocks show varied risk and growth potential amid rising defense budgets and satellite tech advances.

Three space stocks show varied risk and growth potential amid rising defense budgets and satellite tech advances.

In October 2026, three space stocks—AST SpaceMobile, Rocket Lab, and Lockheed Martin—offer distinct investment profiles amid growing defense spending and satellite connectivity demand. AST SpaceMobile leads in technology with its BlueBird satellites ...

Market News
Bullish
2 days ago
AST SpaceMobile shares jump 8% after US-Japan satellite partnership endorsement

AST SpaceMobile shares jump 8% after US-Japan satellite partnership endorsement

AST SpaceMobile's stock rose 8.38% following the US government's public endorsement of its satellite partnership with Japan's Rakuten under a bilateral tech deal. The deal includes a potential $1 billion award from Japan's J-LEO initiative, which cou...

Market News
Bullish
3 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App