AST SpaceMobile falls ~15% to 52-week low after SpaceX-Grain spectrum deal

AST SpaceMobile shares fell about 15% to a new 52-week low, wiping out roughly $3 billion in market cap, after SpaceX agreed to buy Grain's nationwide 800 MHz spectrum, the same low-band airwaves AST had sought. AST had said 80%+ of its next-gen satellites were built to use 800 MHz.

Detected & updated continuously · Source: Nebula