AST SpaceMobile Shares Drop 14% After Launch Failure

AST SpaceMobile shares fell 14% after its BlueBird 7 satellite entered an orbit too low to operate following a New Glenn launch.
The satellite will de‑orbit, but the company expects to recover its cost through insurance and continues production up to BlueBird 32.
AST SpaceMobile aims to launch a satellite every 1‑2 months in 2026, targeting about 45 satellites in orbit by year‑end.
BlueBird 8‑10 are slated to ship within roughly 30 days, keeping the deployment schedule on track despite the setback.