AST SpaceMobile, Inc. (ASTS) saw its shares drop sharply by 5.57% during intraday trading on Wednesday, reversing earlier gains fueled by the successful launch of its BlueBird 6 satellite. The stock had risen over 2% in pre-market activity following the milestone deployment.

The decline likely reflects profit-taking after the initial euphoria around the launch, which marked a key step in ASTS's plan to deploy 45–60 satellites by 2026. Thin holiday-week liquidity may have exacerbated the sell-off, as traders closed positions ahead of the Christmas break.