--- title: "U.S. Stock Market Midday Update: ASTS down 8.49%: Q2 losses exceed expectations, SpaceX IPO and regulatory risks suppress valuation" type: "News" locale: "en" url: "https://longbridge.com/en/news/296818542.md" description: "AST SpaceMobile fell 8.49%; SpaceX fell 0.96%, with a transaction volume of USD 6.295 billion; Verizon rose 1.62%, with a transaction volume of USD 533 million; AT&T rose 1.82%, with a transaction volume of USD 327 million; T-Mobile US rose 0.17%, with a market value of USD 202 billion" datetime: "2026-08-24T18:08:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296818542.md) - [en](https://longbridge.com/en/news/296818542.md) - [zh-HK](https://longbridge.com/zh-HK/news/296818542.md) generator: "portal-rs" --- # U.S. Stock Market Midday Update: ASTS down 8.49%: Q2 losses exceed expectations, SpaceX IPO and regulatory risks suppress valuation **U.S. Stock Market Midday Update** AST SpaceMobile fell 8.49%. Based on recent key news: 1. On August 25, AST SpaceMobile reported a quarterly net loss of $230.9 million, with a loss per share of $0.77, missing Wall Street expectations due to rising engineering and satellite construction costs, with operating expenses increasing to $329.1 million. This poor financial performance led to a decline in stock price. 2. On August 25, industry analysts warned that a potential IPO of SpaceX could lead to institutional rebalancing and fund shifting, while the continued expansion of Starlink's direct connectivity capabilities threatens AST SpaceMobile's market position, increasing market concerns. 3. On August 25, the Federal Communications Commission granted only a 30-day temporary authorization for non-commercial 800 MHz testing, emphasizing ongoing regulatory hurdles before obtaining permanent commercial service approval, adding uncertainty. The aerospace sector is performing strongly overall, with high capital attention. **Top Stocks by Industry Trading Volume** SpaceX fell 0.96%, with active trading. Based on recent key news: 1. On August 24, the Trump administration invested in SpaceX, increasing the company's financial ties with the government. This move may impact SpaceX's future development, causing stock price fluctuations. Source: Reuters 2. On August 23, valuation issues surrounding SpaceX drew market attention. The stock's price-to-sales ratio exceeded 40 times, far higher than Tesla's early levels, leading to fluctuations in investor sentiment. Source: Barron's 3. On August 22, SpaceX announced it is hiring natural gas traders to support its energy needs. This move indicates the company's expansion in the energy sector, affecting market expectations. Source: Zhitong Finance, market valuation and sentiment around SpaceX are highly volatile. Verizon rose 1.62%. Based on recent key news: 1. On August 24, Google Cloud announced a strategic partnership with Verizon. By deploying Google Cloud's full-stack AI solutions, Verizon will continue to optimize customer experience, integrate enterprise data, and expand AI applications company-wide. This collaboration helps enhance Verizon's technological capabilities, strengthen market competitiveness, and drive stock price increases. 2. On August 24, Verizon and Google Cloud collaborated to build an autonomous network intelligence framework. This framework is used to predict and resolve network anomalies, avoiding impacts on customer experience. This move will enhance Verizon's operational efficiency and customer service quality, further boosting market confidence. 3. On August 24, Verizon plans to use the Gemini enterprise version for intelligent agent orchestration to enhance employee productivity. This plan will improve the operational model of core business, increase customer service personnel efficiency, and enhance the overall operational capability of the company. The acceleration of AI applications in the telecommunications industry enhances competitiveness AT&T rose 1.82%. Based on recent key news: 4. On August 23, AT&T's dividend payment capacity was enhanced. AT&T improved its cash flow coverage ratio by reducing dividend expenditures and stock buybacks, making dividend payments more stable, boosting investor confidence, and driving up the stock price. 5. On August 24, analyst rating impacts. Although AT&T received a "Moderate Buy" rating, top analysts recommended other stocks, leading to decreased market attention on AT&T and stock price fluctuations. 6. On August 23, market dynamics impacted. The S&P 500 had a record run, and AT&T failed to make the top analysts' recommended list, leading to cautious market sentiment regarding its future performance, affecting the stock price. The overall performance of U.S. stocks was strong, with significant capital inflows. **Stocks ranked at the top of the industry by market capitalization** T-Mobile US rose 0.17%. Based on recent key news: 1. On August 24, analyst ratings showed that T-Mobile US was not listed among the top five recommended buy stocks, despite its "Moderate Buy" rating. This indicates a lack of market confidence in its future performance, which may affect investor sentiment. 2. On August 24, T-Mobile US had an annualized return of 14.85% over the past decade, exceeding the market average. Strong long-term performance may attract investor attention and drive up the stock price. 3. On August 23, analysis from Simply Wall St pointed out that T-Mobile US may have valuation complexities, requiring further analysis of its potential risks and financial condition. This may lead to a reevaluation of its valuation by the market. Technology stocks have performed strongly recently, with significant capital inflows ### Related Stocks - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [VZ.US](https://longbridge.com/en/quote/VZ.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [TMUS.US](https://longbridge.com/en/quote/TMUS.US.md) ## Related News & Research - [The New Space ETFs Keep Buying the Same Names: Rocket Lab, AST SpaceMobile, SpaceX](https://longbridge.com/en/news/297543012.md) - [A Potential SpaceX Deal Could Meaningfully Accelerate Growth for Technip Stock](https://longbridge.com/en/news/297834854.md) - [I lost more than $250,000 on SpaceX, but I'm planning to keep trading. 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