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Why AST SpaceMobile Stock Crashed on Monday

TheMotleyFool

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Why AST SpaceMobile Stock Crashed on Monday

AST SpaceMobile (NASDAQ: ASTS) stock -- the company that started the direct-to-cell (DTC) satellite revolution five years ago -- fell 9.9% through 11:10 a.m. ET Monday after announcing its newest BlueBird satellite failed to reach its intended orbit after launch on Sunday. Don't blame AST for this failure, however.

It's all Blue Origin's fault.

Image source: Getty Images.

Source Fool.com

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