On May 29, AST SpaceMobile fell 14.88% in regular trading, trading at $112.73/share, with trading volume of approximately $823 million.

On the news front, SpaceX reportedly lowered its IPO target valuation from over $2 trillion to at least $1.8 trillion after consultations with advisors and investors, significantly dampening market sentiment toward the space sector. U.S.-listed space concept stocks declined broadly, with Momentus and Redwire falling over 7%, and Rocket Lab dropping over 6%.

The selloff was compounded by intensifying profit-taking pressure. ASTS had previously surged over 30% in a single week, including a 19% single-day gain on May 27, driven by SpaceX's original IPO filing boosting sector enthusiasm, major U.S. carriers forming a satellite-to-device service joint venture validating market prospects, and the company's accelerated satellite manufacturing timeline. After accumulating substantial short-term gains, profit-taking capital accelerated its exit.

AST SpaceMobile is an innovative satellite designer and manufacturer building the first space-based cellular broadband network accessible directly by standard smartphones, covering 2G, 3G, 4G LTE, 5G, and IoT devices.

(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.)