StocksMediumUpdated×2•Originally published 9 October 2026•Updated 9 October 2026•
1 min read
AST SpaceMobile Stock Plunges 15% After Losing Spectrum Bid to SpaceX
Key Facts
1AST SpaceMobile shares traded lower on Friday following SpaceX's disclosure of an 800 MHz spectrum acquisition deal.
2The move by SpaceX heightens competition in the satellite direct-to-device connectivity market.
AST SpaceMobile stock plunged 15% after the company lost a bid for 14 megahertz of low-band wireless spectrum. Reports indicated that SpaceX won the spectrum assets, a move that strengthens its Starlink service in the satellite direct-to-device connectivity market.
ASTS closed at $56.93 on October 8, 2026, as the stock faced heavy downward pressure following the direct loss of the spectrum to its primary competitor. The stock reached a high of $60.3 and a low of $55.96 during the October 8, 2026 session, reflecting concerns over the impact on AST SpaceMobile's cellular broadband business model.