AST SpaceMobile Shares Drop After Satellite Placed in Wrong Orbit by Blue Origin
AST SpaceMobile's shares fell nearly 12% in premarket trading after a Blue Origin rocket placed its BlueBird 7 satellite in a lower-than-planned orbit, leading to the satellite being deemed lost. While the financial impact is expected to be limited due to insurance coverage, concerns about investor sentiment remain. The company still aims to launch satellites at a rate of one every one to two months in 2026.
Tickers: $ASTS
Topics: AST SpaceMobile Blue Origin insurance coverage satellite launch failure stock price impact