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Jessica Mitacek

INSANE: Ast spacemobiles spacex catalyst could come with a volatility warning - The Real Truth

AST SpaceMobile SpaceX ASTS IPO

While the market’s latest selloff, which was rooted in the runaway AI chip trade, has adversely impacted high-flying tech stocks, high-beta companies in other industries have also had to deal with the fallout.

Among them is AST SpaceMobile (NASDAQ: ASTS), the aerospace and space-based cellular broadband network provider. On Friday, June 5, ASTS fell over 12%, good for one of the stock’s worst single-day losses of the year.

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