AST SpaceMobile Stock Slides as BlueBird 7 Launch Delay, Amazon-Globalstar Deal Test Bull Case
AST SpaceMobile slipped over 10% on Tuesday, giving up an early surge as the company pushed back its BlueBird 7 launch yet again, just as competition in the satellite-to-phone market gets more intense. Shares traded down 10.5% at $88.53 by midday, after kicking off the session at $103.00. AST’s latest step lands it right in the thick of the D2D satellite race—an area where regular smartphones can tap satellites directly, no extra gadgets required. Investors are watching closely: some point to AST’s first real revenue and its backlog of signed deals as encouraging signs, while others remain wary given the tight launch schedule and a valuation that doesn’t leave much room for missteps.