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AST SpaceMobile: Failing Upwards

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Update - July 13, 2026

ASTS facing support between $65 and $67.50. If the stock doesn't hold here, watch out below. The SpaceX IPO was the alarm bell at the top in the space sector. 

Finviz Chart

Original article posted on June 1

  • AST SpaceMobile continues running out of a way to meet targets for launching a space-based broadband network in the next year.
  • Despite a $44B market cap, ASTS has minimal revenues, no operational satellite network, and faces major launch delays after the Blue Origin explosion.
  • The company faces a competitive threat from Starlink Mobile, while the demand for D2D satellite services to cover dead zones has been very minimal.
  • The stock remains irrationally priced considering the lack of anything close to a satellite network and major questions regarding ultimate demand.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
AST SpaceMobile, Inc. (ASTS) has done nothing but fail to hit targets since going public, yet the stock just hit new highs prior to the devastating explosion at the Blue Origin launchpad. The stock has failed upwards due to an unrelenting belief by shareholders of a large TAM opportunity, not necessarily shared by partners. My investment thesis remains ultra Bearish on the stock, even after the $20 selloff to end last week.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more detail. 

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