What Happened
Fresh Launch Boosts AST SpaceMobile Stock Amid SpaceX IPO
SpaceX shares traded lower on Wednesday, despite a successful launch of AST SpaceMobile’s BlueBird satellites into orbit. The launch, which used SpaceX’s Falcon 9 rocket, marked a significant milestone for AST SpaceMobile’s goal of building a satellite constellation for space-based cellular broadband. Meanwhile, SpaceX’s Dragon capsule splashed down after completing a cargo mission for the International Space Station. The news was reported by Investor’s Business Daily.