$ASTS 🚨I am calling a bottom here. The market has the wrong read yet again... Chart look familiar?
SpaceX acquired EchoStar's spectrum licenses on Sep. 8, 2025. The stock price locally bottomed around $36 and then proceeded to rally to over $100 in less than a month.
Now, take a look at Oct. 8, 2026: SpaceX acquires Grain Management's spectrum which triggers a ~10% dip in stock price the following day. Price action is mirroring the 2025 setup. I expect a bottom very soon.
@peter_adderton@CatSE___ApeX___ Yes, early-stage companies will fall harder in risk-off environments. Part of the game. The uniform drop across all high beta sectors shows it is a momentum/liquidity unwind and not the market questioning the underlying business of every company at the exact same second.
@peter_adderton@CatSE___ApeX___ retarded comment. this is one of the largest momentum selloffs in history. not company specific. take a look around. any sector, your choice
@CharlieCashMony@endless_frank that makes zero sense. we don't see the largest crash in the history of growth stocks because of midterms and a SpaceX IPO. This is ALL growth stocks, not just the space sector.
@CharlieCashMony@endless_frank ever heard of The Iraq War, War in Afghanistan, COVID, 2008 financial crisis? this selloff is significantly worse than all and completely unwarranted.
@CharlieCashMony@endless_frank Iran being wiped off the face of the planet is priced in at this point... i think we're good lol
this is 2x worse than COVID and 2008