AST SpaceMobile stock falls 72% from highs as satellite delays mount
The gist
AST SpaceMobile shares traded at $31.00 on Nov 5, down 72% from their highs.
The satellite-internet startup is burning cash while racing SpaceX to orbit.
How it unfolded
- Jun 17, 2026AST SpaceMobile traded at $85.43, up 3.9% over the past day; the most-followed narrative put fair value at $170.
- Aug 10, 2026Shares stood at $71.94 after the successful launch of its BlueBird 11, 12 and 13 satellites and a new European integration campaign with major mobile operators.
- Oct 7, 2026The stock closed at $50.93, a 10.55% drop from the prior day.
Key terms
- convertible notes
- A bond that the holder can convert into a set number of shares of the issuing company's stock or equivalent cash.
- free cash flow
- Cash a business generates from operations after covering working capital needs and capital expenditures, available for creditors and shareholders.
Source: Wikipedia