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0.0035863138509257 0.00140544731995731 0.00319860424542016 0.00319860424542016 0.00319860424542016 0.00319860424542016 0.00319860424542016 0.00319860424542016
Stock impact report

Why AST SpaceMobile Stock Was Sliding Today [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
Trading at a triple-digit sales multiple, AST is a speculative stock. 10 stocks we like better than AST SpaceMobile › Shares of AST SpaceMobile (NASDAQ: ASTS) were moving lower today as the maker of broadband-enabling satellites faced new deep-pocketed competition. Blue Origin, Jeff Bezos's space company, announced its own satellite communications network called TeraWave. Both AST SpaceMobile and rival EchoStar fell on the news. As of 2:25 p.m. ET, the stock was down 13.4%. In a press release today, Blue Origin introduced TeraWave, a 6 terabytes per second (Tbps) space-based network, consisting of 5,408 optically interconnected satellites. The network is expected to support tens of thousands of users across enterprises, data centers and governments. Deployment of the TeraWave constellation is expected to begin in the fourth quarter of 2027. AST SpaceMobile just began monetization of its deployment, bringing in $14.7 million in revenue in the third quarter, and it expects Show less Read more
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