Why This Satellite Data Stock Keeps Losing Altitude
AST SpaceMobile's (NASDAQ: ASTS) stock closed at its all-time high of $133.09 per share on May 28, 2026. But as of this writing, it trades at about $66. Let's see why this satellite stock plummeted -- and if it's an attractive long-term investment at these levels.
AST SpaceMobile produces low-earth orbit (LEO) satellites for internet communications. Unlike SpaceX's (NASDAQ: SPCX) Starlink, which provides its own first-party satellite internet services, AST helps telecom giants -- including AT and -- expand their wireless networks to remote areas that terrestrial towers can't reach. AST's BlueBird (BB) satellites are also much larger than Starlink's satellites.
Image source: Getty Images.
Source Fool.com
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