On June 1, AST SpaceMobile fell 5.92% in regular trading, trading at approximately $104.265/share, with trading volume of $584 million. The stock continued its downward trajectory amid a confluence of negative catalysts.

On the news front, Deutsche Bank analyst Bryan Kraft downgraded AST SpaceMobile from \"Buy\" to \"Hold\" and cut the price target from $117 to $106. The downgrade was prompted by Blue Origin's New Glenn rocket exploding during a static fire test at Cape Canaveral, Florida. Since Blue Origin is contracted to launch AST SpaceMobile's communication satellites, the market is concerned this incident could significantly delay the company's satellite deployment timeline. The analyst noted that without Blue Origin's support, AST SpaceMobile would be unable to meet its launch targets.

The stock had previously surged over 30% in a single week driven by SpaceX IPO optimism and major U.S. carrier partnerships, making it vulnerable to profit-taking on any negative developments. Although the company has reportedly filed backup launch plans including SpaceX's Falcon 9, short-term sentiment remains pressured.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)