AST SpaceMobile Shares Drop 20% Post-SpaceX IPO, BlueBird Launch Set
ASTS•AST SpaceMobile shares fell roughly 20% between June 11 after-hours and June 12’s close following SpaceX’s record $150 IPO launch and sector rotation. The company also set a launch date for its next three BlueBird satellites as it pursues direct-to-device internet to challenge SpaceX’s constellation.
1. Share Decline After SpaceX IPO
AST SpaceMobile shares declined about 20% between June 11 after-hours and June 12’s close as investors rotated into SpaceX’s $1.77 trillion–valued debut, which kicked off at $150 per share and raised $75 billion.
2. BlueBird Satellite Launch Announcement
The company announced a launch date for its next three BlueBird satellites, aiming to expand its Low Earth Orbit network and bolster coverage for its direct-to-device connectivity service.
3. Direct-to-Device Internet Strategy
AST SpaceMobile is developing a satellite constellation capable of delivering internet directly to mobile devices, positioning itself against SpaceX’s Starlink in the emerging market for satellite-based connectivity.
4. Market Performance and Outlook
Prior to the drop, AST SpaceMobile had gained 18.4% in 2026, reflecting high sector volatility; upcoming satellite deployments and competitive pressure will be key drivers for its stock trajectory.
