AST SpaceMobile (ASTS) Slashes 9.5% Ahead of Rescheduled BlueBird 6 Launch

We recently published 10 Big Names Investors Are Dumping. AST SpaceMobile (NASDAQ:ASTS) is one of the worst performers on Wednesday. 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. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.