On June 4, AST SpaceMobile fell 5.42% in regular trading, trading at $106.23/share, with trading volume of $472 million. The decline was driven by a dual blow from an analyst downgrade and satellite launch concerns.

Deutsche Bank analyst Bryan Kraft downgraded the stock from Buy to Hold, cutting the target price from $117 to $106. The downgrade reflects concerns over execution risk after Blue Origin's New Glenn rocket exploded during a static fire test. Since Blue Origin is contracted to launch AST SpaceMobile's communication satellites, the incident has raised significant doubts about the company's satellite deployment timeline. The analyst noted that without Blue Origin's support, the company would be unable to meet its established launch targets.

AST SpaceMobile is an innovative satellite designer and manufacturer building the first space-based cellular broadband network accessible directly from standard smartphones, covering 2G/3G/4G LTE/5G and IoT devices. The stock had previously plunged over 20% intraday under combined pressure from the rocket explosion, the Deutsche Bank downgrade, and SpaceX's IPO valuation cut, before experiencing a brief technical rebound.

(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.)