On October 31, AST SpaceMobile, Inc. fell 5.02% in Regular Trading, trading at $40.7996, with turnover of $219 million.

The move coincided with market discussion around potential consolidation in satellite communications, including reports that AST SpaceMobile, Inc. had explored organizing a competing bid for Viasat's satellite assets, though that effort was described as facing financing and management obstacles. Separately, investors were assessing uncertainty tied to the company’s spectrum arrangement with Ligado, with commentary suggesting a potential loss of related spectrum rights could create risk for AST SpaceMobile, Inc.

This pressure followed a recent rally tied to Brazil regulatory approval covering 30 megahertz of S-band spectrum and access to up to 20 megahertz of 700 megahertz spectrum through agreements with four regional operators, plus plans for four ground gateways in Brazil. While that approval strengthened commercialization expectations, the latest risk discussion appears to have overshadowed the earlier positive catalyst.

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