StocksMedium•9 October 2026•
1 min read
AST SpaceMobile Shares Drop as SpaceX Acquires 800 MHz Spectrum
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 shares traded lower on Friday following SpaceX's disclosure of an 800 MHz spectrum acquisition deal. Benzinga reported that the move by SpaceX heightens competition in the satellite direct-to-device connectivity market.
ASTS closed at $56.93 on October 8, 2026, as the stock faced downward pressure from increased competitive risks posed by SpaceX to the company's core business of providing cellular broadband via satellite. The instrument reached a high of $60.3 and a low of $55.96 during the October 8, 2026 session.