AST SpaceMobile Shares Drop 18% After BlueBird 7 Loss in New Glenn Blast
ASTS•AST SpaceMobile’s BlueBird 7 satellite was destroyed when Blue Origin’s New Glenn upper stage failed on April 19, marking a 100% mission loss for the first of 24 booked launches. Following the pad explosion on May 28, AST SpaceMobile shares plunged as much as 18% intraday, halting space-stock rallies.
1. BlueBird 7 Mission Failure
On April 19, AST SpaceMobile’s BlueBird 7 satellite failed to reach a usable orbit after Blue Origin’s New Glenn upper stage malfunctioned during its launch. This marked a total loss for AST SpaceMobile’s first payload on a rocket that had 24 missions reserved by Amazon Leo
2. Stock Price Reaction
The New Glenn pad explosion on May 28 led to an immediate sell-off in space-related equities, with AST SpaceMobile shares tumbling up to 18% intraday. The drop interrupted a recent rally in the sector and raised concerns over near-term launch availability for ASTS.
