🔴 Space Innovators ETF (JEDI.DE) is trading 4% down as FCC authorization heightens satellite-competition concerns

JEDI.DE is trading at €61.18, down 3.97%, as FCC authorization for SpaceX’s planned direct-to-device constellation intensifies competition concerns across satellite communications.

• AST SpaceMobile, a 7.58% holding, faced reported Piper Sandler downgrade pressure tied to competition and launch-capacity constraints.
• Broader inflation and rate worries also weighed on growth stocks; the ETF holds AST SpaceMobile and other satellite and launch businesses.