10 Big Names Investors Are Dumping

4. AST SpaceMobile, Inc. (NASDAQ:ASTS)

AST SpaceMobile declined by 9.52 percent on Wednesday to finish at $61.86 apiece as investors mirrored a broader market pessimism, while repositioning portfolios ahead of the rescheduled launch of its next-generation satellite.

The selloff was triggered by lingering concerns after AST SpaceMobile, Inc.(NASDAQ:ASTS) pushed back the long-awaited launch of its BlueBird 6 satellite to Sunday, December 21, originally scheduled for December 15.

Investors took the news negatively on concerns about potential execution risks and the impact of further setbacks on the company’s commercialization plans and near-term revenue visibility.

According to AST SpaceMobile (NASDAQ:ASTS), the BlueBird 6 would feature the largest commercial phased array in low Earth orbit at nearly 2,400 square feet, representing a 3.5 times increase in size over the first to fifth generations, and supports 10 times the data capacity. It is targeted to enable ubiquitous cellular broadband coverage directly to everyday smartphones from space.

AST SpaceMobile, Inc. (NASDAQ:ASTS) is also planning to ramp up the production of the next-generation satellite, with the expansion of its manufacturing sites in Texas and Florida.

Sunday’s launch would mark the first of six planned launches until March 2026.