Why AST SpaceMobile Stock Is Plummeting Today

Shares of AST SpaceMobile (ASTS) were falling Thursday. The firm's stock is down 13.5% as of 2:00 p.m. ET, but it had lost as much as 16.4% earlier in the day. The move down came as the S&P 500 gained 0.2% and the Nasdaq Composite fell 0.2%.Investors were unhappy with AST's proposal of a private offering.Fears of dilutionThe company announced late Wednesday that it intends to offer $400 million in convertible senior notes due by 2032. The space-based broadband and cellular provider needs to raise serious ca ...