Why AST SpaceMobile Stock Was Sliding Today

Key Points Blue Origin said it was launching its own space satellite network in late 2027. Both AST SpaceMobile and EchoStar fell on the news. Trading at a triple-digit sales multiple, AST is a speculative stock. 10 stocks we like better than AST SpaceMobile › Shares of AST SpaceMobile (NASDAQ: ASTS) were moving lower today as the maker of broadband-enabling satellites faced new deep-pocketed competition. Blue Origin, Jeff Bezos's space company, announced its own satellite communications network ...