AST SpaceMobile falls after wider Q2 loss on satellite charge

AST SpaceMobile

11/08/2026 09:17

** Shares of satellite communications co AST SpaceMobile ASTS.O fall nearly 2% to $67.53 premarket
**Co on Monday reported a wider second-quarter net loss, hurt by a one-time charge related to the loss of its BlueBird 7 satellite
** Oppenheimer says ASTS targets a large total addressable market in direct-to-device and specialty services, but the co is still at an early stage and faces execution risks
** Adds, launch availability remains an industry challenge, and its service quality and business model have yet to be proven
** "Financials remain secondary to deploying its constellation, with proof of reliable service, sustained launch cadence, and commercial conversion the key catalysts" - Oppenheimer
** Q2 revenue came in at $31.52 million, missing analysts' average estimate of $34.98 million, according to data compiled by LSEG
** Twelve analysts rate the stock "hold" on average; median PT is $82.12 - data compiled by LSEG
** Up to last day's close, the stock had fallen ~5% YTD 

 (Reporting by Akriti Shah in Bengaluru)
 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))