Roth Capital Partners analyst Scott Searle maintained his “Buy” rating and US$108 target on AST SpaceMobile (AST SpaceMobile Stock Quote, Chart, News, Analysts, Financials NASDAQ:ASTS), arguing that concerns about competition from SpaceX’s Starlink have been overstated. In an Oct. 19 update, Searle noted that AST SpaceMobile shares have fallen 69% since late May amid growing […]
The investment opportunity in space extends beyond rocket launches to the suppliers and infrastructure supporting the industry, according to Goldman Sachs. In a July 15 outlook, Goldman’s Louis Miller highlighted opportunities across communications infrastructure, electronics, software, advanced materials and manufacturing. Falling launch and satellite costs, expanding global communications services and defence spending are helping broaden […]
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