AST SpaceMobile Shares Drop 6% as SpaceX Secures Strategic Spectrum

Key Facts

1AST SpaceMobile shares fell 6% after SpaceX secured low-band frequencies that the company had been pursuing.

AST SpaceMobile shares fell 6% after SpaceX secured a deal for low-band frequencies. 24/7 Wall St. reported that SpaceX locked up the nationwide spectrum portfolio that AST SpaceMobile had been pursuing, creating a competitive disadvantage for the company in the direct-to-device satellite market.

ASTS closed at $56.93 on October 8, 2026, prior to the news that limits its strategic frequency options. Within the broader space sector, Rocket Lab shares declined 1% and Planet Labs dropped 2%, while ASTS was trading at $53.67 during the October 9, 2026 session.