fool.com·Jun 12, 2026
On June 12, 2026, AST SpaceMobile's stock fell 15.53% amid a "space-stock shakeout" following the IPO of SpaceX, raising concerns about increased competition. The S&P 500 rose 0.5%, while other major indices also saw modest gains.
With SpaceX's recent IPO, the space sector is experiencing a "space-stock shakeout," leading to significant volatility and profit-taking in companies like AST SpaceMobile, which saw a 15% drop. As an investor, consider reallocating capital to SpaceX or diversifying within the space sector, as SpaceX's strong launch capabilities and potential direct-to-smartphone service pose competitive threats.