Reported 1 day ago
AST SpaceMobile's shares have surged over 254% this year due to the competition for satellite-based cell phone connectivity, notably against SpaceX’s Starlink. However, a recent downgrade by Scotiabank analyst Andres Coello warns of potential stock corrections due to valuation concerns and delays in satellite launches, which could shift carrier preferences toward Starlink. Despite these risks, the company remains a significant player in the satellite connectivity market, aiming to provide internet access to billions globally.
Source: YAHOO