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.
