What's Going On with AST SpaceMobile Shares On Thursday?
AST SpaceMobile shares fall toward their 52-week low as broader market weakness, SpaceX’s earnings beat, a spectrum dispute and a pending class action weigh on sentiment.
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Power Leaves Holdings Corp. Engages Independent Trading Group for Market-Making Services
Power Leaves Holdings Corp. has appointed Independent Trading Group (ITG) to provide market-making services to improve the liquidity of its common shares on the Canadian Securities Exchange.
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Shares of space-related companies are trading lower, possibly as Rocket Lab extended losses, falling over 8% after an analyst cut its price target following a delay to its Neutron rocket’s first launch, weighing on peers.
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Shares of space-related companies are trading lower as U.S. inflation data fuel a spike in bond and Treasury yields, with expectations for interest rates to remain elevated. Monetary tightening and elevated borrowing costs pose a material threat to the sector from curtailed corporate and government financing of cosmic communications, AI compute, and exploration.