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American satellite manufacturer
AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.
More on Wikipedia ↗AST SpaceMobile's biggest launch partner is also its most dangerous competitor, and a fresh Wall Street downgrade is forcing investors to decide which role matters more right now.
AST SpaceMobile (ASTS), Cipher Digital (CIFR) and Joby Aviation (JOBY) hit fresh 52-week lows on Tuesday as a Wall Street downgrade, an $850 million convertible debt offering and mounting cash burn rattled investors. Growing competition from SpaceX and co
Piper Sandler and Deutsche Bank looked at the same SpaceX spectrum threat and reached opposite conclusions about AST SpaceMobile, and the split verdict is now forcing investors to pick a side as a critical satellite launch sits on the launchpad.