ASTS Stock Heads For Worst Week In Over A Month As FCC Chair Touts SPCX And AMZN Satellite-To-Cell Competition
Shares of AST SpaceMobile (ASTS) are on track for their worst weekly performance in over a month amid intensifying competition in the satellite-to-cell market. ASTS stock slipped 1% on Thursday to close at $73.88, leaving it down 13% for the week and drawing fresh scrutiny from investors watching the broader satellite sector. FCC Chairman Brendan…