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Why AST SpaceMobile Stock Dropped 30% Last Month
Yahoo Finance· 2025-12-06 14:47
Core Viewpoint - AST SpaceMobile's shares experienced a 30% decline in November, reflecting volatility in the satellite internet sector despite its promising technology aimed at providing high-speed internet directly to smartphones [1][2]. Company Overview - AST SpaceMobile is developing a satellite internet constellation designed to connect smartphones directly to the internet, addressing the terminal issue faced by existing services like SpaceX's Starlink [3][4]. - The company currently has five satellites in orbit and plans to launch 45-60 satellites by the end of 2026, partnering with telecommunications companies such as Verizon and Vodafone [4][5]. Financial Performance - The company generates minimal revenue compared to its market capitalization, making it a risky investment [2][9]. - AST SpaceMobile's stock price has fluctuated significantly, rising from under $5 in 2024 to over $70 recently, before experiencing a decline [5]. Market Position and Future Prospects - The company has signed large contracts with smartphone carriers and the U.S. government, indicating potential for rapid customer acquisition and growth towards $1 billion in annual revenue [8][9]. - As of December 6, 2025, the stock has begun to recover from its November losses, approaching its all-time high of $80 [7].
Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake
CNBC· 2025-12-03 10:01
Core Viewpoint - Eutelsat's share price has significantly declined following SoftBank's decision to reduce its stake in the company, raising concerns about its market position and future prospects [1][3]. Group 1: Company Performance - Eutelsat's shares fell by 7.2% after reports of SoftBank selling approximately 36 million rights, equating to around 26 million shares, which represents about half of SoftBank's stake in the company [1]. - The company's stock has experienced a dramatic decline of over 70% since peaking in early March, when it surged more than 600% due to heightened interest in European tech sovereignty [3]. Group 2: Market Position - Eutelsat, which owns satellite internet provider OneWeb, merged with it in 2023 to compete against Starlink, but has struggled to capture market share, operating over 600 satellites compared to Starlink's more than 6,750 [2]. - The French government has invested 1.35 billion euros (approximately $1.57 billion) in Eutelsat, becoming its largest shareholder with a roughly 30% stake, highlighting the company's importance to Europe's tech sovereignty ambitions [3].
Amazon, Netflix, These Other Stocks Bear Watching As They Approach Buy Points
Investors· 2025-09-06 12:00
Group 1 - Robinhood and AppLovin are set to join the S&P 500 Index, indicating their growing significance in the market [1] - Amazon, Netflix, Shopify, Capital One, and Elbit Systems are highlighted as stocks to watch, as they are nearing new highs after recent pullbacks [1] - The S&P 500 and Nasdaq are currently in a power trend, suggesting a favorable environment for stock purchases [1] Group 2 - The stock market is experiencing a rebound, with the Dow Jones gaining 350 points, as investors await a pivotal jobs report [4] - Amazon's satellite internet service has secured a major airline partnership, promising speeds of 1 Gbps [4] - Quantum computing stocks are advancing, with European leaders making strides in the global race [4]
Jeff Bezos to sell nearly $5B of Amazon stock
Fox Business· 2025-05-02 16:21
Core Points - Jeff Bezos plans to sell up to 25 million shares of Amazon, valued at over $4.7 billion, through a trading plan that complies with SEC Rule 10b5-1(c) [1][3] - The share sale is scheduled to occur over a period ending on May 29, 2026, subject to certain conditions [3] - As of March 3, Bezos owned over 909.4 million shares of Amazon [4] Company Financials - The recent share sale plan follows a previous instance where Bezos sold 50 million shares for over $8.5 billion in February 2024 [6] - Bezos's personal fortune was reported at $205.4 billion, making him the second-richest person globally, following Elon Musk [8] Market Impact - Amazon's stock price was reported at $190.20, reflecting a change of +5.78 (+3.13%) [5]