AT&T CEO Calls SpaceX Rooftop Cellular Plan Unviable As ASTS Stock Ticks Higher
Shares of AST SpaceMobile (ASTS) climbed 0.4% overnight heading into Wednesday after AT&T CEO John Stankey publicly challenged SpaceX’s wireless strategy. ASTS had fallen 3% to $59.40 on Tuesday but remains up 0.5% for the month, putting it on pace for its best monthly performance since May. Stankey told Axios that SpaceX’s proposal to place…