Why AST SpaceMobile Stock Crashed Today
So it seems I was both right and right about the SpaceX (Nasdaq: SPCX) IPO.
Right, because I predicted SpaceX IPO fever could drive space stocks higher. Indeed, shares of satellite communications company AST SpaceMobile (Nasdaq: ASTS) were at one point up 61% since my prediction.
I was also right, unfortunately, about what would happen on the IPO date. And this, in a nutshell, is why AST stock fell 10.5% through 11:25 a.m. ET today.
Source Fool.com
