Why AST SpaceMobile Stock Just Crashed by More Than 16%

The story around AST SpaceMobile (NASDAQ: ASTS) keeps getting curiouser and curiouser.In an article published Wednesday, I suggested that after its dramatic spike in share price in recent months, the satellite communications start-up should logically now sell a lot of stock and raise a lot of cash.Just hours later, AST denied that it had any such intention, saying that it has all the cash it needs to cover "near-term operational initiatives," and has "no plans to raise capital in an underwritten public equity offering through at least the end of 2024."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool