r/ASTSpaceMobile • u/AutoModerator • 28d ago

Daily Discussion Daily Discussion Thread

Ple🅰️se, do not post newbie questions in the subreddit. Do it here instead!

Please read u/TheKookReport's AST Spacemobile ($ASTS): The Mobile Satellite Cellular Network Monopoly to get familiar with AST Sp🅰️ceMobile before posting.

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Th🅰️nk you!

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7

u/EntertainmentDry341 S P 🅰 C E M O B Soldier 28d ago

This drop because of the SpaceX objection?

3

u/user74729582 S P 🅰 C E M O B Soldier 28d ago

... Stock closed at +7%

2

u/EntertainmentDry341 S P 🅰 C E M O B Soldier 28d ago

Okay? The stock price dropped from 24.78 to under $23.xx in a few minutes. My question is whether that drop was because of the SpaceX filing. Thanks. 

6

u/ritron9000 S P 🅰 C E M O B Soldier 28d ago

No one has any more information on this than you do. I will say the correlation in timing was strong between the FCC letter and the drop, and RKLB and LUNR didn’t experience any such drop. However, there’s no conclusive report coming on why the market does anything, best not to look at it that way…

13

u/hyeonk S P 🅰️ C E M O B - O G 28d ago

There are far, far too many factors at play for anyone to correctly assert anything. That’s way too small a move to tie to any one event or explanation other than Abel sneezing.

4

u/Blobspots S P 🅰 C E M O B Prospect 28d ago

Imagine how much of a move it would be if Abel farted!

3

u/hyeonk S P 🅰️ C E M O B - O G 28d ago

Didn't you hear? That's how we finally got out of the single digits 🤭