ASTS Stock Down 13% This Week Amid SpaceX, Amazon Competition Intensification: FCC Chair

AST SpaceMobile (ASTS) stock is headed for its worst week in over a month on July 10, with shares down 13% this week after closing 1% lower Thursday at $73.88. According to FCC Chair Brendan Carr, SpaceX and Amazon are intensifying competition in the satellite-to-cell wireless market, with carrier stock weakness reflecting broader competitive pressure from spectrum sales and satellite offerings.

ASTS is advancing its BlueBird satellite constellation rollout to capitalize on the opportunity. BlueBird 11 is in transit to Cape Canaveral for launch, with BlueBirds 12 and 13 expected to follow for deployment in the first half of August, according to the company.