ASTS Stock Slips as FCC Clears Amazon's $11.5 Billion Globalstar Deal
The FCC approved Amazon's $11.5 billion purchase of Globalstar, and AST SpaceMobile shares slipped overnight, according to Touts, as a stronger rival emerges.
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what happened
The Federal Communications Commission (FCC) has cleared Amazon's $11.5 billion acquisition of Globalstar. According to Touts, shares of AST SpaceMobile (ASTS) fell more than 1% in overnight trading on Tuesday. The transaction transfers 25 megahertz of Globalstar's mobile-satellite spectrum to Amazon, which it needs for satellite-to-phone services.
FCC Chairman Brendan Carr said the deal will enhance Amazon's direct-to-device offering and bring 'even more competition, coverage, and capacity.' The agency noted that Amazon would lack the spectrum needed to run such a system without the acquisition. The deal is expected to close in 2027, subject to remaining conditions.
why it matters
For AST SpaceMobile, this means a stronger competitor. The company holds FCC authorization for up to 248 satellites and partnerships with AT&T and Verizon, but Amazon is now gaining the spectrum to challenge it. ASTS shares are down 29% over the month and 42% year-to-date, and investors are weighing rising competition alongside the company's own execution record.
market impact
AST SpaceMobile: a stronger Amazon rival in satellite-to-phone service pressures ASTS shares
- ASTS shares pressure down — a stronger Amazon competitor in satellite-to-phone service
tags
instruments
sources
- ASTS Stock Slips Overnight As FCC Clears Amazon’s $11.5B Globalstar Deal — Touts ‘Even More Competition’, 28 October 2026 at 01:43 UTC
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