Globalstar, AST SpaceMobile tumble on Apple’s Starlink partnership

Globalstar (NYSE:GSAT) and AST SpaceMobile (NASDAQ:ASTS) declined 17.5% and 10.33% on Wednesday on news of a collaboration between Apple (AAPL), SpaceX’s (SPACE) Starlink and T-Mobile (TMUS).

AST SpaceMobile, a competitor to Starlink, fell as much as 11%, while Globalstar was down as much