AST SpaceMobile hit a 52-week low of $39.02 on Oct. 20, 12 days after SpaceX agreed to buy Grain Management's nationwide 800 MHz low-band spectrum for $8 billion. The article says the deal could let Starlink, combined with over 10,000 active satellites, become a standalone wireless carrier, threatening AT&T and Verizon's plans with AST. However, the author argues the sell-off is an overreaction, since carriers may need to invest more in AST's satellites to compete, and SpaceX's move may push more carriers toward AST. AST has launched 13 BlueBird satellites and needs at least 45 for stable service, and the decline is attributed mainly to a valuation of 74 times this year's sales. Analysts expect revenue to rise from $168 million in 2026 to $1.73 billion in 2028.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXAST SpaceMobiletelecommunicationssatellites
Open a keyword to see other news on the same topic.
Related news
- AST SpaceMobile Rises 4% as Europe’s Largest Carriers Explore Joint Satellite Spectrum Bid; SpaceX and Rocket Lab Edge Higher
AST SpaceMobile rose 4% to $42.24 in early trading after its carrier partners, described as Europe's four largest, signed a letter of intent to explore a potential joint bid for mobile satellite services spectrum. The letter names no financial terms and adds no signed revenue yet, while SpaceX and Rocket Lab rose more modestly. The company has 13 BlueBird satellites in orbit, targets about 45 by early 2027, and says its carrier partners cover more than 3 billion subscribers. Its Q2 2026 revenue of $31.52 million missed expectations, and the loss of $0.77 per share also fell short, though management reaffirmed revenue guidance of $150 million to $200 million for the year. Pro forma liquidity tops $3.7 billion and the signed backlog is roughly $1.3 billion.
- Look Who's Using D2C Satellite Phones Now!
The article notes SpaceX has 650 direct-to-cell (D2C) satellites in orbit and just won FCC approval to launch 15,000 more, while AST SpaceMobile has only 13 satellites and needs at least 45 to offer service in select markets. D2C satellites make up about 6.5% of Starlink's more than 10,000 satellites, and Starlink is growing revenue 66% and profit 79% a year. According to Opensignal's tracker, most D2C connections are in the United States, Canada and Japan, with activity along the coasts of Australia, New Zealand and Puerto Rico. The author sees significant room for growth as more satellites launch, and suggests investors could track the tracker data alongside exchange rates of the local currencies.
- Stocktwits Space Race Weekly: SPCX Weathers Selloff Better Than ASTS, RKLB And FLY — RDW Fares Best
This week SPCX fell 9%, less than ASTS (13%), RKLB and FLY (19% each), while RDW's 6.99% decline was the smallest in the group. The FCC authorized a 15,000-satellite direct-to-device constellation for SpaceX, which agreed to buy Grain Management's nationwide 800 MHz spectrum for a reported $8 billion, though the deal needs FCC approval and the company faces political scrutiny, including Ukraine's claim that service restrictions disrupted drone operations. Rocket Lab pushed Neutron's first flight to 2027 after finding air pockets in a first-stage propellant tank dome, and its shares fell 7% to $55.25, extending a seven-session losing streak. Deutsche Bank upgraded ASTS to Buy with a $93 target, while Piper Sandler downgraded it to Neutral with a $54 target. Redwire announced several updates, including about $13.8 million in additional Stalker drone orders for the National Guard.
- 3 Stocks That Can Benefit From SpaceX’s Surprise Q3 Earnings
- AT&T Sinks 5% Despite Q3 Beat and Raised Outlook; Verizon and T-Mobile Drop 3%
AT&T reported third-quarter revenue of $32.3 billion and adjusted EPS that both beat expectations, and raised its full-year adjusted EPS outlook, yet its stock fell 5% to $22.35. Reported EPS trailed the adjusted figure sharply because of a non-cash impairment tied to its Mexico wireless business, which AT&T agreed to sell earlier this month. Verizon and T-Mobile also fell 3%, as selling spread across the carrier group. SpaceX agreed to buy a nationwide spectrum portfolio from Grain Management to support its Starlink Mobile service, a deal that requires FCC approval. The article says AT&T's fiber bundle is its main defense, and the FCC decision is the next key test.
- AT&T shrugs off SpaceX fears with its own large haul of new internet subscribers
Related markets
Latest news
- Meta’s (NASDAQ:META) Q3 2026 sales top estimates, quarterly revenue guidance slightly exceeds expectations
Meta Platforms (NASDAQ: META) reported Q3 revenue of $64.6 billion, up 26.1% year on year and about 2% above estimates. Revenue guidance for the Q4 midpoint is $74.5 billion, 1.2% above analyst expectations. GAAP EPS of $3.83 was 29.9% below consensus, due to a $9.89 billion charge tied to an agreement with 52 attorneys general to resolve teen mental health litigation, with payments of up to about $18.59 billion; excluding it, EPS would have been $7.40. Operating margin fell to 20.1% from 40.1%, and free cash flow was -$2.12 billion. Daily active people reached 3.64 billion, up 100 million year on year.
- A SpaceX-Tesla megamerger could benefit both companies and Elon Musk's personal fortune
SpaceX shares rose 8% and Tesla 3.5% after Elon Musk said each company had formed special committees to discuss a possible combination. At current market values, the merged company would be worth about $3.5 trillion, the largest deal ever, and Musk argues it makes sense because both businesses rely heavily on artificial intelligence. Musk owns 11% of SpaceX and 19% of Tesla, and a change-in-control provision in Tesla's pay plan could treat many performance targets as met in a merger, which would make him richer. Although the shares are very expensive by most measures, most analysts still call them a bargain, and many work for banks hoping to win Musk's business. Democrats have called for investigations into SpaceX's federal contracts and could scuttle plans if they win big in next month's midterm elections.
- Netflix Is Down 38% Since Completing Its 10-For-1 Stock Split. Here's Why the Sell-Off Is Worsening After Its Latest Earnings.
Netflix shares are down 37.9% since the 10-for-1 stock split was completed on November 17, 2025, as of the October 20 close. After its third-quarter 2026 report, the stock fell 5.9% to $64.62 in after-hours trading, which would mark a new two-year low. Revenue rose 11.8% year over year, and operating margin widened from 28.2% to 34.6%, but the company now expects $2.7 billion in full-year ad revenue, down from $3 billion, due to a slower rollout of ad product capabilities. Its 2026 revenue forecast of $51.1 billion sits 0.2% below the prior midpoint, and the article also points to competition from YouTube, a third price increase in under three years, and a valuation of 17 times 2027 earnings. Netflix ended the quarter with $8.19 billion in cash against $12.66 billion in long-term debt.
- Where Will Novo Stock Be in 10 Years?
Novo, a Denmark-based pharmaceutical company, reached an all-time high in 2024 but has since faced clinical and commercial setbacks and lost substantial market value over the past two years. Its diabetes products, including Ozempic and Rybelsus, and its obesity drug Wegovy remain core, but U.S. patents on the active ingredient in these drugs expire in 2032, potentially opening the door to cheaper generics. Near-term catalysts include CagriSema, which could be approved by year-end and combines semaglutide with cagrilintide, though it fell short of the 25% mean weight loss Novo had hoped for. The pipeline also includes amycretin, UBT251, and several oral weight loss candidates. The author sees the pipeline as deep but warns of rising competition from dozens of weight-loss drugs, slower market growth, and possible U.S. drug price negotiations.
- NextEra Energy ( NEE ) Q3 2026 Earnings Call Transcript
NextEra Energy reported third-quarter adjusted earnings per share of $1.24, up 9.7% year over year. Florida Power & Light's net income reached $1.62 billion, versus $1.463 billion a year earlier, while adjusted earnings at NextEra Energy Resources rose 13% to $1.247 billion. The renewables and storage backlog reached 36.7 gigawatts, and FPL raised its large load target to 8 gigawatts by 2032. Shareholders have approved the pending combination with Dominion Energy, with state regulatory reviews expected to conclude in early 2027. Management maintained its 2026 adjusted earnings guidance and is targeting the high end of the range, even though wind generation in Q4 is projected to fall to 90% to 95% of the long-term average due to El Niño.
- Amazon logistics automation offers long-term margin gains, Jefferies says
Jefferies says Amazon's warehouse automation and expanding logistics network could lift retail margins long term by reducing labour dependence. Amazon has deployed over 1 million robots, but only 40% to 45% of its US small-sortable fulfillment centers are highly automated, leaving room for growth. A US$1 hourly wage rise would add about US$1.1 billion to costs, and Amazon has around US$27 billion of visible capex planned for automation and delivery. Jefferies sees third-party parcel delivery as a growth area, with US delivery stations possibly growing from about 575 to 950 by 2030 and early trials showing 20% to 25% savings for shippers. Grocery is harder given US$10 to US$12 delivery cost per order, though the broker sees potential in Amazon's planned Illinois hybrid retail concept expected in 2028.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.