AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief rally.
Shares of AST SpaceMobile (NASDAQ:ASTS) are down 13% to $57.63 in early Thursday trading, extending an overnight slide after the company priced a fresh $1 billion convertible senior notes offering.
AST SpaceMobile stock has fallen 27% in the past three months and its latest debt offering isn't helping.
The trillion-dollar space economy has stopped being a science-fiction talking point.
In the latest trading session, AST SpaceMobile, Inc. (ASTS) closed at $68.82, marking a +1.83% move from the previous day.
It's been about one month since SpaceX's NASDAQ: SPCX initial public offering (IPO), and the stock is down approximately 11% from its first trade on June 12. But cynics shouldn't take a victory lap quite yet.
AST SpaceMobile, Inc. (ASTS) concluded the recent trading session at $67.58, signifying a -7.83% move from its prior day's close.
Among space stocks, it has been one of the most volatile, seeing its fair share of ups and downs throughout 2026 including a 59% run-up to its all-time high on May 28 and a series of double-digit peaks and troughs mixed in.
ASTS is advancing direct-to-cell satellites that could strengthen defense and emergency communications where traditional networks fail.
SPCX's lower valuation, faster 2026 sales growth and expanding AI infrastructure strategy give it the edge over ASTS.
The space economy is transitioning from science project to revenue-generating industry, and July has produced a sharp pullback across the sector leaders.
Jeff Bezos spent a quarter-century building Blue Origin with his own money.