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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Viasat Space42 deal brings up to $1 billion to Equatys, a shared satellite network targeting direct-to-device connectivity.
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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.
The article compares two aerospace ETFs: iShares U.S. Aerospace & Defense ETF (ITA) and Tema Space Innovators ETF (NASA). ITA offers broader exposure to established defense companies at a lower cost (0.37% expense ratio) with less volatility, while NASA provides focused, higher-risk exposure to commercial space companies with a 0.75% expense ratio. ITA is recommended for most investors seeking lower costs and stability, while NASA appeals to those specifically targeting space innovation despite greater volatility.
AST SpaceMobile shares rose after signing a letter of intent with four European telecom operators to explore a joint mobile satellite spectrum bid.
Planet Labs stock falls nearly 5% as higher Treasury yields pressure space names despite an ESA pilot and strong Q2 revenue growth.
Viasat, Inc. and Space42 have entered into a memorandum of understanding with Terrestar Solutions to develop an open, standards-based interoperability framework for satellite infrastructure.