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AST SpaceMobile (ASTS) Slides On $1b Note Deal As The Valuation Story Stays Intact
Simply Wall St.62d agoneutral
AST SpaceMobile (ASTS) Slides On $1b Note Deal As The Valuation Story Stays Intact

AST SpaceMobile (ASTS) completed a US$1b private offering of 1.625% convertible senior notes due 2034, a financing move that immediately drew investor attention and coincided with a sharp pullback in the stock. See our latest analysis for AST SpaceMobile. The sharp pullback around the US$1b convertible note issue comes on top of already weak recent momentum, with the share price down 17.37% over 30 days and 26.44% over 90 days, even though the 3 year total shareholder return is very large. If...

AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn
24/7 Wall St.65d agobullish
AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn

Shares of space stocks are catching a bid Tuesday as the sector rebounds from recent weakness. AST SpaceMobile (NASDAQ:ASTS) stock leads the move with a 12% gain to $64. SpaceX (NASDAQ:SPCX) shares are up 7% to $128, Virgin Galactic (NYSE:SPCE) stock is rallying 6% to $2.73, and Rocket Lab (NASDAQ:RKLB) stock is rallying 5% to ... AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn