AST SpaceMobile falls as FCC flags rising competition

AST SpaceMobile (ASTS) stock plummeted 11% after FCC Chair Brendan Carr signaled a three-way satellite race with SpaceX and Amazon following Amazon's Globalstar acquisition. The launch of ASTS's BlueBird Block 2 satellite was delayed again to Saturday. Analysts see Amazon becoming a major third player in the direct-to-device market, increasing competitive pressure.