AST SpaceMobile, Inc. (NASDAQ:ASTS) shares fell over 14% in premarket trading Monday after the company said its BlueBird 7 satellite, launched aboard the New Glenn launch vehicle, was placed into a lower-than-planned orbit during the New Glenn 3 mission.

Although the satellite separated and powered on, the altitude is too low for sustained operations, and it will be de-orbited. The company expects to recover the satellite's cost through insurance.

AST SpaceMobile said BlueBird 7 would have been its eighth satellite in low Earth orbit. Production continues through BlueBird 32, with BlueBird 8 to 10 expected to ship in about 30 days.

The company maintained its 2026 launch cadence of one mission every one to two months and reaffirmed its target of roughly 45 satellites in orbit by year-end.

Technical Analysis

AST SpaceMobile is currently trading 16.7% below its 20-day simple moving average (SMA) and 16.9% below its 50-day ...