ASTS Stock Drops 15% on SpaceX Threat: This ETF Holds Both Sides of the Satellite War
AST SpaceMobile Inc. (NASDAQ: ASTS ) plunged 15.4% at one point on Friday as Space Exploration Technologies Corp.’s (NASDAQ: SPCX ) expanding satellite-to-phone ambitions intensified competitive concerns. But for investors holding the Procure Space ETF (NASDAQ: UFO ), the sell-off presents an interesting picture. The f