According to Scotiabank, SpaceX’s FCC license for AST SpaceMobile is negative

Scotiabank expects the Federal Communications Commission to grant additional space license coverage to SpaceX ahead of AST SpaceMobile (ASTS) as negative for AST. The development undermines the possibility that AST has a first-mover advantage, “but it does not surprise the company,” the analyst told investors in a research note. Even if the FCC requires SpaceX to comply with out-of-band emissions limits, granting the license to SpaceX will likely result in legal turmoil, the company claims. She assumes that unless a judge overturns the ruling, a possible scenario is that T-Mobile (TMUS) launches a suboptimal text service while it finds a solution to design problems. The company says that with the five Bluebirds now in orbit, AT&T (T) and Verizon (VZ) can begin beta testing with true 4G/5G data capabilities “that could cause SpaceX’s service to lag.” and go”. It expects support for AST from mobile network operators to remain stable, but says AST bears could challenge average revenue per user forecasts given that SpaceX’s text service was initially offered free to T-Mobile subscribers (TMUS). could become. Scotiabank has an Outperform rating of $44.70 on AST SpaceMobile Price target

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