AST SpaceMobile faces competition from SpaceX in the direct-to-device satellite internet market. Despite high stock prices, AST SpaceMobile stock is down 30% due to SpaceX’s $17 billion move into the market. AST SpaceMobile aims to launch a constellation of satellites for high-speed internet, challenging traditional providers like SpaceX. However, with no revenue yet, AST SpaceMobile’s stock is overvalued, making it a risky investment.

Read more at Yahoo Finance: What’s Going on With AST SpaceMobile Stock?