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This is a giant Miku. ASTS news is coming soon. Partners including AT&T and Verizon have done successful video call testing, which will lead to Verizon's definitive commercial agreement being announced when the lawyers are done with the fine print. ISRO is preparing to launch another satellite, defense contracting with HALO is advancing, the EXIM application is in, Mobile World Congress will have two ASTS presentations on March 3 and 4, and the earnings report is coming on the same days (numbers on the 3rd, conference call on the 4th). Splitting the report might mean the March 4 presentation, featuring the CEOs of ASTS and Rakuten, will probably announce something.
Yesterday's selloff had the same pattern across the whole space sector. See RKLB, LUNR, RDW which were down similar amounts or more, with algos producing the same charts. With HIMS getting heemed, Tesla being on fire, SMCI crashing and rebooting, and many more, it's likely a bunch of niggers were forced to deleverage and sell whatever they had. Looks like a buying opportunity now, although I expect the marketwide correction to take more time, even if it stays within a crab range.
