AST SpaceMobile Stockholders Should Brace for Serious Share Dilution
AST SpaceMobile(ASTS) The Motley Fool·2024-09-15 19:07
AST SpaceMobile's announced stock offerings already promise dilution of 17.5% -- and this is only the beginning.After going from $5 a share at the start of the year to less than half that by May to an all-time high north of $38 a share back in August, would-be satellite communications stock AST SpaceMobile (ASTS 11.35%) has taken its shareholders on a wild, wild ride in 2024.But buckle up, investors: This ride is far from over and it could get even bumpier in the quarters to come.Marvel at AST's amazingly b ...