SpaceX IPO Impacts AST SpaceMobile Stock
AST SpaceMobile's stock dropped sharply by -15.5% on Friday as investors shifted capital toward the newly public SpaceX, which raised up to $75 billion with a valuation of $1.75-2 trillion. The broader S&P 500 rose slightly during this period.
Topics: AST SpaceMobile capital reallocation IPO impact SpaceX