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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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.
Space Exploration Technologies (SPCX) surged 7.80% on October 21, 2026, following a strong Q3 earnings report with $14.6 billion in revenue (up 161% YoY) and $4.4 billion in net income. The company turned profitable driven by AI-related revenue growth of 830%. CEO Elon Musk projected 2027 annual revenue between $500 billion and $1 trillion, though the CFO provided more conservative Q1 2027 guidance of $33-37 billion. The stock's P/S ratio stands at 68.
SpaceX beat Q3 revenue and earnings estimates, fueled by surging AI and Starlink growth, while space-sector peers saw muted gains.