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AST SpaceMobile Inc. (NASDAQ:ASTS) shares declined approximately 5% in pre-market trading on Tuesday after Piper Sandler downgraded the satellite communications company, citing growing competition from SpaceX and potential constraints on satellite launch availability.
Though bullish on average, top 4 AI models proved very much divided on how SpaceX stock will perform by the end of 2026.
Baron Capital’s $3 billion SpaceX investment was worth about $25 billion in June, and the firm wants to invest another $1 billion.