News Summary:
On September 18, 2026, SpaceX secured FCC authority to provide global facilities-based and resale telecommunications services supporting Starlink Mobile, marking an expansion into the global telecom market. Earlier that day, AST SpaceMobile (ASTS) shares faced pressure after multiple law firms announced securities class actions. These lawsuits allege the company overstated its competitive edge and funding strength as rivals secured spectrum deals and key regulatory approvals, with AST SpaceMobile's share price having seen recent 1-day and 7-day returns of 5.80% and 4.67% respectively. Also on September 18, Robbins Geller Rudman & Dowd LLP announced a November 13, 2026, deadline for purchasers of AST SpaceMobile securities between March 4, 2025, and July 15, 2026, to seek lead plaintiff appointment in a class action lawsuit. This follows September 17, 2026, when AST SpaceMobile's retail sentiment neared a one-year low as SpaceX intensified competition in the global mobile race, with SpaceX considering direct consumer mobile plans and targeting a 5G-class Starlink Mobile service by the first half of 2028. AST SpaceMobile, for its part, retains FCC approval for satellite-to-phone services through AT&T, Verizon, and FirstNet, with a goal of having about 45 satellites in orbit by early 2027.
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