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AST SpaceMobile Sinks 7% as Satellite Rival Clears Regulatory Hurdle; Rocket Lab Drops 4%, Planet Labs Falls 5%
The bureau order lets SpaceX use its own spectrum for direct-to-phone service, sending AST SpaceMobile down 7% and other space stocks lower.
Summary by 24/7 Wall St.
4 Articles
4 Articles
ASTS stock today falls 14%: Why AST SpaceMobile shares are down after SpaceX Spectrum Deal
ASTS stock came under pressure after SpaceX agreed to acquire Grain Management’s nationwide low-band spectrum portfolio that AST SpaceMobile had also pursued. The deal closes off one potential source of additional spectrum for ASTS. Rocket Lab and Planet Labs shares also fell, while the Procure Space ETF edged higher.
·India
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BizToc
BizTocAST SpaceMobile Sinks 7% as Satellite Rival Clears Regulatory Hurdle; Rocket Lab Drops 4%, Planet Labs Falls 5%
A regulator just handed SpaceX permission to reach ordinary phones without touching a wireless carrier, and that single order is reshaping which space companies investors trust with their money.
·Lakewood, United States
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Total News Sources4
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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