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Why ASTS stock dropped despite bullish targets

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AST SpaceMobile shares extended their recent slump today as investors reacted to another major capital raise, overshadowing continued optimism about the satellite communications company’s long-term growth prospects. The latest decline comes after the company announced a new $1 billion convertible debt offering, reviving concerns about shareholder dilution even as analysts remain largely positive on the […] The post Why ASTS stock dropped despite bullish targets appeared first on Rolling Out .

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