Shares in the space-based internet provider AST SpaceMobile Inc (Nasdaq: ASTS) are sinking this morning after a major mishap occurred with the deployment of its latest satellite from Blue Origin's most advanced rocket, the New Glenn. Here's what you need to know.
Shares of AST SpaceMobile fell sharply in premarket trading on Monday after the company disclosed a major setback involving one of its latest satellites, raising concerns about execution risks in the fast-growing space-based broadband race. The stock dropped more than 15%, after the company confirmed that its BlueBird 7 satellite had been placed into an unusable orbit following its launch aboard a Blue Origin New Glenn rocket.
AST SpaceMobile stock is in focus after a satellite carried by a Blue Origin rocket was put into an incorrect position on Sunday.
SpaceX confidentially filed for its IPO on April 1, and quickly raised its target valuation above $2 trillion.
AST SpaceMobile generated $70.9 million in FY25 revenue, guiding toward $150–$200 million in FY26 and $1 billion by FY27. A $1.2 billion contracted backlog and $175 million prepayment from STC Group provide strong revenue visibility and early cash inflows. The company holds $3.9 billion in liquidity, funding over 100 satellites and reducing near-term dilution and deployment risks.
AST SpaceMobile, Inc. (ASTS) reached $88.57 at the closing of the latest trading day, reflecting a -10.51% change compared to its last close.
AST SpaceMobile Inc (NASDAQ: ASTS) closed “meaningfully” lower on Tuesday after Amazon announced a definitive $11.6 billion deal to acquire peer satellite operator Globalstar. The news eclipsed ASTS's recent operational triumphs, including record-breaking Q4 revenue that helped it break above its major moving averages (MAs) in early April.
ASTS is ramping Block 2 BlueBird production with vertical integration to manage supply-chain risks, but reliance on outside vendors still leaves some exposure.
The most anticipated IPO in market history is no longer speculation. SpaceX filed a confidential draft registration with the SEC on April 1, targeting a $1.75 trillion valuation and a roughly $75 billion raise that would dwarf Saudi Aramco's 2019 record.
AST SpaceMobile remains early-stage with key risks in deployment, activation, and economics unresolved; manufacturing and launch progress is incremental and insufficient to justify continued valuation expansion. Enterprise value has risen sharply despite limited de-risking; markets are less tolerant of long-duration, unproven models, making ASTS valuation appear overheated relative to tangible execution progress. Rocket Lab is further along the de-risking curve, with proven launch cadence, customers, and improving margins, though Neutron introduces uncertainty; overall risk-adjusted positioning remains superior to ASTS.
In the latest trading session, AST SpaceMobile, Inc. (ASTS) closed at $94.81, marking a +2.36% move from the previous day.
AST SpaceMobile receives a Strong Buy rating, driven by its unique space-based cellular broadband accessible via standard smartphones. ASTS's B2B2C model partners with over 50 MNOs, enabling immediate access to 6 billion subscribers and zero customer acquisition costs. Technological leadership is underscored by large phased-array antennas, solving direct-to-cell link budget challenges and surpassing Starlink's current capabilities.