Why Is AST SpaceMobile Stock Down This Week?
AST SpaceMobile stock sank 15.5% this week as Fed Chair Kevin Warsh signaled inflation is now the central bank's top priority, raising the odds of a rate hike.
Overview
AST SpaceMobile (NASDAQ: ASTS) stock is falling this week, down 15.5% as of 2:14 p.m. ET on Friday, Aug. 28, 2026, as investors react to macro news that makes a rate hike more likely.
The S&P 500 and Nasdaq Composite are both up this week, gaining 1.1% and 1.8%, respectively.
Details
AST SpaceMobile is building a constellation of satellites largely on borrowed money. That makes it especially sensitive to a change in interest rates. If interest rates move higher, AST's borrowing costs increase, and the math on their investments changes.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.