AST SpaceMobile Q1 Loss Sparks 12% Drop

AST SpaceMobile reported Q1 loss of $0.66 per share versus expected $0.21 loss, and revenue $14.73M vs $37.48M forecast.
Shares fell about 12.5% in pre‑market trading; Bank of America kept Neutral rating, cutting price target to $95 from $100.
CEO Abel Avellan said network deployment for 2026 targets ~45 satellites, with BlueBird 8‑10 launching mid‑June on SpaceX Falcon 9.
FCC granted supplemental coverage authority for U.S. commercial services; company holds $3.5 billion cash, operating expenses $164.1 million, and maintains 2026 revenue guidance $150‑$200 million.