AST SpaceMobile Inc - Ordinary Shares - Class A Stock News

AST's commercial rollout could face delays due to satellite-launch challenges and SpaceX's growing ambitions, an analyst warns.

AST SpaceMobile shares caught a downgrade on Tuesday from Piper Sandler, which also cut its price target 45%. The reason is competition from Elon Musk's SpaceX.

Deutsche Bank upgraded AST SpaceMobile to Buy, arguing that SpaceX's spectrum purchase could strengthen AST's appeal to wireless carriers.

AST SpaceMobile could become a valuable ally for wireless carriers competing with SpaceX's satellite-to-phone service, analysts say.

The Trump administration pressured U.S. space companies not to attend a high-profile space summit in Paris organized by ​French President Emmanuel Macron, triggering a last-minute reshuffle and the cancellation ‌of some announcements, according to people familiar with the matter on Thursday.

AST SpaceMobile ASTS stock surged 11% on Wednesday after Berenberg Bank initiated coverage of the satellite connectivity company with a Buy rating and a $92 price target. The target implies roughly 65% upside from the stock's previous close.

Berenberg launched coverage of four space stocks on Wednesday.

MIAMI--(BUSINESS WIRE)--Delclaux Partners Sues AST SpaceMobile for More Than $15 Million in Unpaid Contractual Finder's Fees.