AST SpaceMobile Down 15% in August as Earnings Miss, SpaceX Concerns Weigh
AST SpaceMobile is down ~15% over the past month and fell 2% Tuesday, following Q2 results and third-party launch provider concerns.
AST SpaceMobile's stock price dropped because the company didn't earn as much money as people hoped, and people worry about using SpaceX to launch their satellites. When a company misses expectations, investors feel less confident, so they sell shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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