What To Do After AST SpaceMobile Shares Fell By 11%
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AST SpaceMobile shares fell by 11% due to concerns over Apple's iOS update supporting T-Mobile's Starlink texting service, impacting ASTS's satellite offering. Despite short-term volatility, ASTS's partnerships with Verizon and AT&T present a long-term investment opportunity.
January 30, 2025 | 1:30 pm
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AST SpaceMobile shares fell by 11% due to Apple's iOS update supporting T-Mobile's Starlink texting service, impacting ASTS's satellite offering. However, partnerships with Verizon and AT&T suggest long-term potential.
The 11% drop in AST SpaceMobile shares is attributed to Apple's iOS update, which supports a competing service, T-Mobile's Starlink. This directly impacts ASTS's satellite offering, causing short-term negative sentiment. However, ASTS's partnerships with major telecom companies like Verizon and AT&T indicate potential for long-term growth, despite current volatility.
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IMPORTANCE 80
RELEVANCE 100