ASTS Shares Slip More Than 1% After FCC Clears Amazon-Globalstar Deal
AST SpaceMobile shares fell more than 1% in overnight trading after the FCC cleared Amazon’s $11.5 billion acquisition of Globalstar.
Shares of AST SpaceMobile (ASTS) slipped over 1% in overnight trading late Tuesday as the Federal Communications Commission (FCC) cleared Amazon’s $11.5 billion Globalstar acquisition, pushing the tech giant’s satellite-to-phone ambitions forward and setting the stage for tougher competition.ASTS s…