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

JEDI.DE is trading at €64.42 (-3.97%) as FCC authorization for SpaceX’s 15,000-satellite direct-to-device constellation raised competition concerns across satellite communications.

• Piper Sandler downgraded AST SpaceMobile, citing SpaceX competition and launch-capacity constraints.
• Broad U.S. indexes were nearly unchanged on October 13.