✉news ScienceSpace first seen 17 h ago, last 15 h ago, peak #28
Analyst Cuts AST SpaceMobile Price Target by Half, Citing SpaceX Competition
Original: AST SpaceMobile Stock Price Target Slashed in Half. The SpaceX Curse.
A Wall Street analyst has halved its price target on AST SpaceMobile, the satellite-to-phone connectivity company, in what Barron's describes as the 'SpaceX curse'. Investors have long weighed AST SpaceMobile's direct-to-cell ambitions against SpaceX's Starlink, which is pushing into the same market with its own direct-to-phone service. The reduced target reflects growing concern that Elon Musk's company could crowd out smaller rivals.
Why now: Concerns that SpaceX's Starlink direct-to-cell push will undercut AST SpaceMobile's business prospects are weighing on the stock.
AST SpaceMobileSpaceXStarlinkElon MuskBarron's
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