Tech & AI News

Shares of AST SpaceMobile (ASTS) climbed roughly 1% overnight Sunday following a pair of significant operational developments over the weekend. The gains came after ASTS stock dropped 10% on Friday, closing at $50.97 and recording a 13% weekly loss for its second consecutive weekly decline. AST SpaceMobile announced via X that BlueBird satellites 14, 15…

Markets closed out the week with large caps leading the charge, as the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both posted solid weekly gains despite a turbulent Monday open. The S&P 500 finished at 7807.12, up 0.54% on the day and 1.09% for the week, falling just short of its 52-week high of 7844.52…

AST SpaceMobile (ASTS) has successfully launched 13 BlueBird satellites to date, building out its low Earth orbit constellation with growing commercial ambitions. The company’s satellites are significantly larger than SpaceX’s Starlink satellites and are designed to extend cellular coverage into remote regions beyond the reach of traditional terrestrial towers. Telecom giants AT&T (T) and Verizon…

Stocks held their ground heading into earnings season despite persistent pressure from elevated Treasury yields and ongoing oil-price volatility across global markets. AI-related stocks continued to support broader investor sentiment, though upcoming corporate earnings reports could determine whether the current rally extends through the end of the year. With less than a month remaining before…

RTX has won a $6 billion contract from the Pentagon to produce interceptor missiles, a major award that signals continued strong demand for advanced defense systems. Shares of RTX climbed approximately 1% on Friday following the announcement, reflecting investor confidence in the company’s expanding defense portfolio. The contract represents one of the largest single missile-related…

AST SpaceMobile (NASDAQ: ASTS) shares dropped sharply Friday morning after SpaceX locked up a nationwide low-band spectrum portfolio the satellite company had been pursuing. SpaceX agreed to acquire the entire low-band spectrum portfolio from Grain Management, a privately held spectrum owner, in a deal that still requires regulatory approval with terms left undisclosed. The transaction…

Shares of satellite-based wireless company AST SpaceMobile (ASTS) dropped 14.6% on Friday, as investors digested a significant competitive blow from Elon Musk’s Space Exploration Technologies (SPCX). SpaceX announced after market close Thursday that it had agreed to purchase up to 14 megahertz of spectrum in the 800 MHz low-band frequency range. According to SpaceX, the…

SpaceX’s push to extend Starlink into direct mobile service has transformed low Earth orbit into a critical layer of digital and economic infrastructure. Companies building rockets, satellites, and ground systems are increasingly viewed as essential connectivity providers rather than speculative ventures. That structural shift is drawing serious investor attention toward space-focused equities with real revenue…

AST SpaceMobile (ASTS) shares dropped more than 10% following news related to SpaceX’s satellite-to-phone service, a reaction analysts say is misguided. The selloff appears to reflect investor concern that SpaceX’s expanding satellite capabilities could undercut AST SpaceMobile’s position in the direct-to-device market. However, analysts argue the two companies are not simply rivals, and that the…

AST SpaceMobile, Inc. (ASTS) closed at $50.93 in the latest trading session, recording a sharp decline of 10.55% from the prior day’s close. The broader market told a very different story, with the S&P 500 posting a gain of 0.6% during the same session. The Dow Jones Industrial Average rose 0.83% on the day, while…