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On October 09, 2026, AST SpaceMobile Inc (ASTS) shares fell 10.5% to a current price of $50.97, continuing a downward trend seen over the past year. The stock's
AST sank as SpaceX accelerated its plans to become a comprehensive satellite-based mobile wireless competitor.
The company said that it intends to raise $1 billion through a private offering of convertible senior notes due February 1, 2034.