Why AST SpaceMobile Stock Just Crashed
AST SpaceMobile (NASDAQ: ASTS) got disastrous news from launch partner Blue Origin overnight. A Blue Origin New Glenn rocket, undergoing an engine test, exploded on its launch pad at Cape Canaveral in Florida. Initial reports suggest the LC-36A launch complex has been badly damaged, if not destroyed.
As a result, Blue Origin won't be launching any BlueBird satellites for AST anytime soon -- and AST stock is down 17.3% as of 9:45 a.m. ET.
Image source: Blue Origin.
Source Fool.com
