AST SpaceMobile loses $2B in market cap on setback
Airfind news item
By Thomas Richmond
Published on April 21, 2026.
AST SpaceMobile (ASTS) lost roughly $2 billion in market cap after a failed satellite deployment, resulting in a 5% drop in shares on April 20. The company's shares fell after BlueBird 7 was placed into an unusable orbit, raising concerns about the company's path to a working network and revenue timeline could be delayed. Despite this setback, ASTS still plans to have around 45 satellites in orbit by the end of 2026, but this raises the stakes for every remaining launch. Most revenue still comes from gateway and infrastructure sales related to building out the network. The firm is still targeting a cadence of one launch every 1 to 2 months and BlueBird 8 through 10 are expected to be ready to ship in about 30 days. However, any delays would potentially delay the business's progress and make the timeline to monetization uncertain.
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