Reported 1 day ago
AST SpaceMobile's stock has plummeted 30% due to fears of competition from SpaceX, despite the company's promising innovations in satellite internet connectivity directly to mobile devices. With plans to launch its service soon, AST SpaceMobile may lead the direct-to-device market for a few years. However, analysts warn the stock is currently overvalued at a market cap of $15 billion, suggesting potential investors should consider other more promising options.
Source: YAHOO