AST SpaceMobile shares fell 11% over the past week, mostly on Monday after The Washington Post reported SpaceX was in talks to buy EchoStar's Boost Mobile or use its network; neither company has confirmed a deal. A SpaceX-owned Boost could let Starlink sell phone plans directly to U.S. customers, competing with AT&T and Verizon, which are AST's U.S. partners and would feel the impact before AST does. The FCC approved Amazon's $11.5 billion Globalstar purchase on Oct. 27, with closing expected in 2027. The article calls AST's bigger risk its launch pace: only 12 BlueBirds are in orbit versus the 45 to 60 needed for continuous service, and none has launched since Aug. 5. The $74.68 average analyst target is about double Tuesday's $37.15 close.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
AST SpaceMobileSpaceXtelecommunicationssatellites
Open a keyword to see other news on the same topic.
Related news
- AST SpaceMobile Hit a 52-Week Low Days After SpaceX Spent $8 Billion on Spectrum. That's Not a Coincidence.
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.
- 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.
- AST SpaceMobile Is the New Battleground Stock
- Why AST SpaceMobile Stock Keeps Falling
AST SpaceMobile (ASTS) rose 1% on Monday before falling again on Tuesday, down about 9% intraday and nearly 26% over the past week. Deutsche Bank upgraded the stock to buy after it lost 65% of its market capitalization from May to October, arguing investors overreacted to launch delays; analyst Bryan Kraft says all but $10 of the share price is backed by the value of AST's cellphone spectrum. Kraft also expects SpaceX's satellite direct-to-cell network to push telecom companies toward partnering with AST. Piper Sandler downgraded the stock to neutral, noting that Ariane, Blue Origin and United Launch Alliance rockets are currently unavailable, which leaves AST dependent on SpaceX, now its primary competitor, to launch satellites. AST needs between 45 and 60 satellites to cover even select markets.
- 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.
- AST SpaceMobile Falls 8% as Piper Sandler Cuts Target to $54 on SpaceX Competition; Rocket Lab Slips
Piper Sandler downgraded AST SpaceMobile to Neutral from Overweight and cut its price target to $54, citing lower confidence in the company's satellite launch pace over the next two years. The firm pointed to SpaceX's expanding direct-to-cell plans, warning SpaceX could limit launch availability for partners or pressure pricing through its own service. Clear Street reiterated a Buy rating and $115 target, arguing AST SpaceMobile remains roughly six months ahead of SpaceX in direct-to-cell. Three more BlueBird satellites arrived at Cape Canaveral ahead of a planned launch, but no firm date has been set. AST SpaceMobile shares fell 8% to $43.38, a steeper drop than Rocket Lab (down 2% to $62.77) and SpaceX (down 2% to $152.88).
Related markets
Latest news
- Stocks Unexpectedly Surge 33 Points: What's Happening?
VN-Index reversed from a weak open to close up 33.4 points (+1.97%) at 1,733.02 on Nov 4, recovering the 1,700-point psychological level lost after a string of losing sessions. Nguyễn Thế Minh of An Bình Securities (ABS) said the U.S. mid-term congressional election on Nov 3, along with a weaker U.S. dollar and U.S. Treasury yields, could ease currency pressure on emerging markets like Vietnam. The same day, the State Bank of Vietnam announced a VND liquidity plan via 182-day USD/VND FX swaps of up to USD 2 billion, to be executed on Nov 6, which could initially inject up to about VND 48,800 billion; the tenor is longer than the 7-day swap in September. MB Securities (MBS) noted that November has risen in 70% of the past 10 years, averaging 3.8% gains, but many stocks have broken below October's lows even as large caps supported the index. Minh said a sustainable rally needs improved cash flow and continued gains in leading stocks.
- 5,364 Russian Companies Declared Bankrupt
According to TASS, Russian courts opened bankruptcy proceedings against 5,364 companies in the first nine months of 2026, nearly one-third below the 7,850-case average for the same period in 2012–2025. In Q3 2026 alone, courts declared 1,818 companies bankrupt, down 4.5% from the previous quarter but up 18.5% from a year earlier. Over this period, only 2025 (4,736 cases) and 2023 (5,067 cases) were lower than 2026, while the peak was 9,705 cases in the first nine months of 2015. Courts also opened 49 external management and financial recovery procedures, 0.9% of all procedures, compared with 39 (0.8%) in the same period of 2025.
- Prime Minister: State Budget Must Share Burden with People and Businesses
In the conclusion of the regular October government meeting on the morning of Nov 4, Prime Minister Lê Minh Hưng said the state budget must share the burden with the economy, people and businesses, even though fuel tax cuts strongly affect budget revenue, in order to curb inflation in the last two months of the year. From Nov 1, average electricity prices fell 2% to VND 2,159.9 per kWh until end-March 2027, and the special consumption tax on gasoline was cut to 0% until March 31, 2027, lowering gasoline prices by VND 1,575–1,804 per liter, with a budget revenue shortfall expected to exceed VND 7,672 billion. Average CPI for the first 10 months rose 4.57% year on year, above the full-year target of about 4.5%, and the Ministry of Finance estimated these measures would lower the November CPI increase by about 0.5 percentage points. Budget revenue for the first 10 months reached nearly VND 2.45 quadrillion, equal to 96.4% of the annual estimate.
- Foreign Investors Ease Selling as VN-Index Breaks Out; VND 350 Billion Goes to 2 VN30 Stocks
Strong gains spread across sectors, led by securities, banks and real estate, pushing VN-Index up more than 33 points to 1,733 points, with HoSE matched value reaching about VND 15,400 billion. Foreign net selling eased sharply to about VND 70 billion across the market, comprising net selling of VND 66 billion on HoSE, net buying of VND 7 billion on HNX and net selling of VND 11 billion on UPCoM. On HoSE, foreign investors net bought the most in FPT (about VND 183 billion), MSN (about VND 175 billion) and CTG (about VND 82 billion), while net selling was led by MBB (nearly VND 199 billion), followed by ACB (VND 93 billion) and BSR (VND 83 billion).
- Deputy Governor: New Loan Rates Down 0.2–0.5%
Interest rates on new loans in late October fell 0.2–0.5 percentage points from early in the month, according to Deputy Governor Phạm Thanh Hà at the government press conference on Nov 4. The State Bank of Vietnam asked credit institutions to cut deposit rates by 0.5–1% a year for new deposits with tenors of 6 months or more, and to cut lending rates for production, business and priority sectors by 1.5–2%. State-owned commercial banks and foreign banks commonly cut deposit rates by 0.5%, joint-stock banks cut 0.5–0.7%, and over 20 banks announced preferential credit packages with reductions of 0.5–2%. The regulator will keep pushing cuts to both deposit and lending rates and will address institutions that fail to comply. As of Oct 26, outstanding credit across the economy reached over VND 20.8 million billion, up 11.94% from end-2025.
- European shares gain on Novo’s results; markets weigh U.S. midterms
European shares edged higher on Wednesday, led by Novo Nordisk, which jumped nearly 6% after reporting third-quarter adjusted operating profit above expectations and raising its full-year sales and profit forecasts. The pan-European STOXX 600 rose 0.3%, Germany's DAX gained 0.25%, France's CAC 40 rose 0.3% and London's FTSE 100 gained 0.4%. Sentiment was shaped by early U.S. midterm results pointing to significant Democratic gains in the House and a tightly contested Senate, which could limit Trump's ability to unilaterally impose aggressive tariffs and roll back clean-energy subsidies, while adding uncertainty over U.S. fiscal support for NATO and Ukrainian defense. European tech shares recovered part of their earlier steep losses after robust AMD results eased concerns over the sustainability of AI capital spending. ASML, ASM International, STMicroelectronics, BE Semiconductor and Prosus gained between 0.3% and 2%, while markets awaited the euro zone's flash HICP inflation data.
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.