AST SpaceMobile class A shares fall 12% in premarket trading

AST SpaceMobile class A shares fall 12% in premarket trading

AST SpaceMobile Inc. (NASDAQ: ASTS) experienced a significant drop in its Class A shares, declining by 12% in premarket trading on September 2, 2025. The stock, which was trading at $45.22 at the close of business on September 1, fell to $41.91 during the premarket session, marking a substantial decrease in investor confidence.

The decline in AST SpaceMobile's stock price can be attributed to several recent developments. On September 2, 2025, the company announced that its first Block 2 BlueBird satellite, BlueBird 6, has been fully assembled and is undergoing final tests in preparation for shipment. Additionally, the Federal Communications Commission (FCC) has approved 20 of AST SpaceMobile's satellites for launch, subject to certain conditions [1].

Despite these advancements in the satellite program, the company's financial performance has been mixed. In its second-quarter 2025 earnings report, AST SpaceMobile revealed a significant revenue shortfall. The company's earnings per share (EPS) were -$0.41, which was considerably lower than the anticipated -$0.21, resulting in a 95.24% negative surprise. Revenue for the quarter was $1.15 million, falling short of the expected $5.56 million by 79.32% [1].



Furthermore, Bank of America recently upgraded AST SpaceMobile's stock, setting a share price target of $55 (€46.89), based on a Discounted Cash Flow (DCF) analysis. The bank acknowledged the potential upside benefits and downside risks associated with AST SpaceMobile's satellite manufacturing and launch cadence, as well as subscriber adoption [2].

Investor sentiment towards AST SpaceMobile has been mixed, with several analysts providing varying ratings and price targets. Scotiabank decreased their price target on AST SpaceMobile from $45.40 to $42.90 and set a "sector perform" rating for the company. Bank of America assumed coverage on AST SpaceMobile with a "neutral" rating and a $55.00 price target. Zacks Research raised AST SpaceMobile from a "strong sell" rating to a "hold" rating [3].

The recent developments provide a snapshot of AST SpaceMobile's current financial and market standing. While the company continues to make progress in its satellite program, investors should remain vigilant about the company's financial performance and the regulatory conditions surrounding its satellite launches.

References:
[1] https://www.investing.com/news/sec-filings/ast-spacemobile-announces-completion-of-bluebird-6-satellite-assembly-93CH-4226844
[2] https://www.advanced-television.com/2025/09/08/bank-ups-ast-spacemobile/
[3] https://www.marketbeat.com/instant-alerts/ast-spacemobile-nasdaqasts-trading-down-73-whats-next-2025-09-04/