AST SpaceMobile, Inc. (NASDAQ: ASTS) – the company trying to beam 5G broadband directly to ordinary smartphones from space – is back in the spotlight today after a sharp share-price pullback, a cluster of fresh institutional buying disclosures and a widely read new analysis from The Motley Fool.
Below is a structured rundown of all notable AST SpaceMobile stock news dated November 20, 2025, plus the context behind today’s move and what investors are watching next.
ASTS share price today: steep sell‑off after a huge 2025 rally
AST SpaceMobile shares closed around $50.70 on Thursday, November 20, 2025, down roughly 12.6% on the day. The stock opened near $61.4, traded as high as about $61.6 and as low as roughly $50.4, with volume close to 13 million shares, well above recent averages. [1]
On European markets, the stock’s Euronext Global Equity Market line ended the session around €49.40, down nearly 6.8% from the open. [2]
Even after today’s drop, ASTS remains one of 2025’s standout gainers: different data providers estimate the stock is up well over 150% year‑to‑date, after a massive run fueled by major carrier deals, a Verizon partnership and speculative enthusiasm around satellite‑to‑phone connectivity. [3]
Option and technical data underline how volatile sentiment has become:
- Options on ASTS carry implied volatility above 100%, with an IV rank above 100%, signalling elevated expectations for big price swings. [4]
- A recent technical scan shows roughly two‑thirds of indicators flashing bearish signals as of this evening, suggesting short‑term momentum remains under pressure despite the long‑term uptrend. [5]
In other words, today’s sell‑off is meaningful – but it’s happening after a spectacular multi‑month rally that left ASTS priced for very aggressive growth.
All key AST SpaceMobile headlines dated November 20, 2025
Several new articles and filings about AST SpaceMobile hit the wires today. Here’s what they say and why they matter.
1. Motley Fool: “2 Things Every AST SpaceMobile Investor Needs to Know”
Publisher: The Motley Fool (syndicated via Yahoo/Finviz)
Date: November 20, 2025 [6]
This widely circulated analysis is the day’s most important opinion piece on ASTS. It highlights two core themes:
- Huge share-price gains vs. thin operating history
- ASTS shares have more than doubled in 2025, after spending much of their history trading like a penny stock. [7]
- The article stresses that most of the valuation is based on future expectations, not current profits. The company has only just begun to generate “material” revenue.
- Early revenue ramp – but high expectations already priced in The piece recaps the latest numbers and guidance:
- Q3 2025 revenue of about $14.7 million, up from roughly $1.1 million in the same quarter last year – more than the company made in all of 2024. [8]
- More than $1 billion in contracted revenue commitments with partners including Verizon, Vodafone and Saudi Arabia’s stc Group. [9]
- Management guidance for $50–75 million in second‑half 2025 revenue, which implies around $50 million in Q4 as ramp‑up continues. [10]
- A target of 45–60 operational satellites in orbit by the end of 2026, which would mark a major step toward continuous service in key markets. [11]
The author’s bottom line: AST SpaceMobile is making meaningful progress, but the valuation – around $20 billion market cap – already bakes in a lot of success in a telecom sector that historically trades at much lower multiples. [12]
For today’s trading, this article serves as a widely shared reminder that the stock’s spectacular run comes with execution and valuation risk.
2. MarketBeat: “Space Stocks To Add to Your Watchlist – November 20th”
Publisher: MarketBeat
Date: November 20, 2025 [13]
MarketBeat’s daily “space stocks” screen names AST SpaceMobile alongside Boeing, Rocket Lab, GE Aerospace and RTX as one of five space‑related names to watch today. The screen is built on recent dollar trading volume in space‑economy stocks, underscoring how actively ASTS is being traded and how central it has become to the space‑connectivity theme.
The article also reminds readers that “space stocks” tend to be:
- High‑volatility
- Long‑duration (many years until full commercialization)
- Exposed to regulatory and technological risk
That framing helps explain why ASTS can swing by double‑digit percentages in a single session, as it did today.
3. Wave of new institutional buyers disclosed on November 20
Four separate MarketBeat notes published today summarize newly reported 13F positions in AST SpaceMobile from the second quarter. Together, they paint a picture of rising institutional ownership:
- Catalyst Funds Management Pty Ltd
- New stake of 34,400 ASTS shares, valued at approximately $1.61 million. [14]
- Miller Financial Services LLC
- New position of 7,310 shares (~$342,000). [15]
- Foundations Investment Advisors LLC
- New stake of 7,023 shares (~$328,000). [16]
- Lionshead Wealth Management LLC
- New position of 5,000 shares (~$234,000). [17]
Across these reports, MarketBeat notes that around 61% of ASTS shares are now held by institutional investors and hedge funds, reinforcing the idea that “smart money” has moved in size into the name over the last year. [18]
The Lionshead and Foundations pieces also point out that CFO Andrew Johnson sold 20,000 shares at an average price of about $52.48 in late August 2025, a modest trimming that still leaves him with nearly 400,000 shares. [19]
For investors, today’s batch of filings is a mixed signal: on one hand, institutional ownership is growing; on the other, some insiders have taken profits after the stock’s big run.
4. Corporate governance: special‑meeting proxy and incentive plan
A new DEF 14A proxy statement filed with the U.S. SEC and dated around today outlines a special shareholder meeting and a vote on an Amended and Restated 2024 Incentive Award Plan. [20]
Key points:
- Shareholders can vote online, by phone or by mail up to 11:59 p.m. Eastern Time on Thursday, November 20, 2025. [21]
- The proposal would expand and refresh stock‑based compensation programs for executives, employees and directors, aligning incentives with long‑term performance.
While compensation plans rarely move the stock day‑to‑day, they matter for long‑term dilution and governance – both important issues for a company that will likely keep issuing equity to fund its capital‑intensive satellite rollout.
Fundamental backdrop: Q3 2025 earnings, guidance and liquidity
Today’s headlines sit on top of a busy November for AST SpaceMobile, starting with third‑quarter 2025 results and a detailed business update published on November 10.
Earnings: huge revenue growth, but a wider‑than‑expected loss
From the company’s Q3 release and subsequent coverage:
- Q3 revenue: about $14.7 million, up from $1.1 million a year ago, largely driven by U.S. government milestones and gateway sales. [22]
- GAAP EPS: roughly –$0.45, missing consensus estimates around –$0.18. [23]
- Revenue vs. expectations: sales of about $14.7 million vs. Wall Street expectations near $22 million. [24]
- Net margin: deeply negative (MarketBeat cites a net margin around –1,640%) and negative return on equity, underlining that the business is still very much in the investment phase. [25]
Despite the miss, several summaries note that revenue was more than 12x higher year‑on‑year, and that the company is entering its first phase of commercial operations. [26]
Guidance and contract backlog
Management’s guidance and pipeline are central to the bullish long‑term thesis:
- Second‑half 2025 revenue: reaffirmed at $50–75 million, implying a sharp acceleration into Q4. [27]
- Contracted revenue commitments: more than $1 billion already signed with mobile network operators and partners worldwide. [28]
- Liquidity: around $3.2 billion in combined cash, restricted cash and available liquidity under an at‑the‑market (ATM) facility, even before including the latest convertible note offering. [29]
This backdrop explains why some analysts and commentators remain optimistic even after today’s drop – the pipeline is large, but the path to profitability is still long and uncertain.
Financing, valuation and volatility
A major part of the ASTS story in recent weeks has been capital raising and balance‑sheet strategy.
$1 billion convertible notes + direct share offering
On October 22, AST SpaceMobile announced it had:
- Priced $1.0 billion of 2.00% convertible senior notes due 2036 in a private placement to institutional buyers, upsized from an initially planned $850 million.
- Set an initial conversion price of $96.30 per share, a roughly 22.5% premium to the prior closing price of $78.61 at the time.
- Launched a registered direct offering of 2 million Class A shares at $78.61 to help fund the repurchase of $50 million of existing 4.25% convertible notes due 2032. [30]
The company expects net proceeds of roughly $982 million to $1.13 billion from this capital raise, earmarked for satellite manufacturing, launches and general corporate purposes. [31]
Short‑term, these moves contributed to profit‑taking and concerns about dilution and leverage, and they’re one reason the stock has been so volatile into mid‑November. [32]
Valuation metrics
According to recent MarketBeat and other data:
- ASTS sports a market capitalization around $20–21 billion at recent prices.
- The company has a negative price‑to‑earnings ratio (no profits yet) and a beta above 2, reflecting high sensitivity to broader market swings.
- The 52‑week range runs from about $17.50 on the low end to over $100 at the intraday high, illustrating both upside potential and risk. [33]
Opinion pieces released yesterday – including “Prediction: ASTS Stock Could Soar 50% by 2026” – argue that, if AST can execute on its contracts and launch plans, the current valuation could still leave room for upside, but they also concede that the stock is priced for near‑flawless execution. [34]
Strategic story: satellites, partners and the Vodafone EU constellation
Behind the numbers is a very specific, high‑stakes strategy.
Direct‑to‑device 5G from orbit
AST SpaceMobile is building what it describes as “the first and only space‑based cellular broadband network” designed to connect directly to ordinary smartphones – no special hardware on the ground. [35]
Key elements:
- BlueWalker 3 prototype has been in orbit since 2022, testing the concept. [36]
- BlueBird satellites are the production‑class spacecraft; several are already in orbit, with BlueBird 6 targeted for launch in December 2025 and a plan to reach 45–60 satellites by end‑2026. [37]
Vodafone joint venture and European hub
On November 7, Vodafone and AST SpaceMobile announced plans for a Europe‑led satellite constellation to provide satellite‑to‑smartphone connectivity for both commercial and government users: [38]
- The operational centre for the constellation will be located in Germany, with sites near Munich or Hannover under consideration.
- The constellation will include a “command switch” to ensure secure, encrypted communication and Europe‑controlled satellite operations.
- Vodafone says mobile operators in 21 EU member states have already expressed interest.
- Commercial operations are targeted for 2026, positioning the joint venture as a direct competitor to Starlink in the European market.
Combined with long‑term deals in the Middle East and Africa, this underscores why bulls see ASTS as a potential cornerstone of next‑generation global connectivity – and why the market has been willing to pay such a high multiple for future growth.
What today’s move may mean for ASTS investors
Putting all of this together, here’s how today’s events fit into the broader ASTS story:
- Price action vs. news flow
- The double‑digit price drop comes largely from continued de‑risking in high‑flying growth names and the stock’s extreme prior gains, not from any new negative company‑specific announcement today. [39]
- At the same time, institutional ownership continues to deepen, with multiple new buyers disclosed in Q2 filings released today. [40]
- Narrative reset via Motley Fool analysis
- The new “2 Things Every AST SpaceMobile Investor Needs to Know” article has likely influenced sentiment today by re‑emphasizing valuation risks and the company’s short operating history, even while acknowledging its strong contract pipeline. [41]
- Execution remains the core risk
- Volatility is likely here to stay
- With implied volatility above 100%, a crowded institutional shareholder base and heavy options trading, day‑to‑day moves in ASTS are likely to remain large and fast in both directions. [44]
For traders, ASTS remains a high‑beta play on satellite‑to‑phone connectivity, highly sensitive to macro risk appetite. For longer‑term investors, the story now hinges on whether AST can turn its > $1 billion contract book and global partnerships into sustainable cash flows without excessive shareholder dilution. [45]
Key takeaways for November 20, 2025
- ASTS fell about 12–13% today to roughly $50.70 amid broader pressure on speculative tech and profit‑taking after a huge 2025 rally. [46]
- New articles and filings today include:
- A high‑profile Motley Fool piece urging caution on valuation while acknowledging strong growth prospects. [47]
- A MarketBeat “space stocks to watch” list that keeps ASTS firmly in the spotlight. [48]
- Multiple 13F‑based reports of new institutional positions, reinforcing the role of hedge funds and asset managers in the stock. [49]
- A proxy‑statement reminder of a shareholder vote on an expanded incentive plan, highlighting ongoing dilution considerations. [50]
- Fundamentally, AST SpaceMobile is early on revenue but rich in contracts and liquidity, with Q3 showing rapid top‑line growth but substantial losses and a reliance on fresh capital.
Important note
This article is for informational and educational purposes only and does not constitute financial, investment or trading advice. It does not take into account your individual objectives, financial situation or needs. Always do your own research and consider consulting a licensed financial professional before buying or selling any security.
References
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