Why AST SpaceMobile Stock Was Diving Today
Shares of AST SpaceMobile (NASDAQ: ASTS), the satellite-based broadband service provider and competitor to Elon Musk's Starlink, were trading lower today after the company announced a private offering last night, diluting existing shareholders.
As a result, the stock was down 13.5% as of 12:50 p.m. ET.
Image source: AST SpaceMobile.
Source Fool.com
