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.
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