AST SpaceMobile, Inc. (ASTS)
Summary
AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
Space stocks are being battered this week, and AST SpaceMobile NASDAQ: ASTS is no exception. Shares of the Midland, Texas-based company have plummeted more than 18% since the market closed on Wednesday, July 15, and the principal culprit seems to be souring investor sentiment in that corner of the market.
AST SpaceMobile: Why I Bought The Dip
AST SpaceMobile has dropped nearly 60%, but dilution was only the catalyst after weakening sentiment, execution concerns, and an unsustainably rich valuation. Nearly 60 global carriers have committed over $1.2 billion, providing access to more than 3 billion subscribers worldwide. Consensus expects revenue to grow from $170 million in 2026 to $2.84 billion by 2029, rapidly compressing valuation multiples.
AST SpaceMobile Is Down 32% in a Month and SpaceX Is Down 34%. Are Space Stocks Doomed?
Shares of space names are sliding Friday morning as a sharp one-month reversal deepens across the sector.
AST SpaceMobile, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 400 | $9,437 | $26,440 | $17,003 | 180.17% |
| CE Curtis Ellergodt Rothschild Investment LLC | 10 | $726 | $661 | -$65 | -8.95% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 94,000 | $7.76M | $6.21M | -$1.55M | -19.96% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,242 | $185,794.54 | $146,021.24 | -$39,773.3 | -21.41% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 14,479 | $743,489.52 | $957,061.9 | $213,572.38 | 28.73% |
AST SpaceMobile, Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Mathieu Robilliard Barclays | -349.79 | $32,044.27 | $20,167.15 | $11,877.12 | 37.06% |
AST SpaceMobile, Inc. (ASTS) FAQ
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AST SpaceMobile, Inc. Profile
| Communications Equipment Industry | Information Technology Sector | Abel Avellan CEO | NASDAQ (NGS) Exchange | 00217D100 CUSIP |
| US Country | 489 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
AST SpaceMobile, Inc. is a pioneering firm, established in 2017 and based in Midland, Texas, that is focused on bridging the connectivity gap in remote and underserved areas across the globe. It aims to revolutionize the telecommunications industry by developing and deploying a space-based cellular broadband network that directly connects to smartphones without requiring any additional devices. This innovative approach seeks to extend the reach of cellular networks beyond the limitations of traditional terrestrial infrastructure, ensuring seamless connectivity for users regardless of their location.
Products and Services
- SpaceMobile Service
The SpaceMobile Service is AST SpaceMobile, Inc.'s flagship offering, aimed at providing end-users, particularly those in remote or underserved regions, with access to high-speed cellular broadband services directly through their smartphones. This service is uniquely designed to operate in areas beyond the coverage of standard terrestrial cellular networks, effectively filling the connectivity void for people in remote locations, on the oceans, and in other areas where traditional network coverage does not exist.
