AST SpaceMobile (ASTS) saw its stock decline by 30% in November 2025, driven by mounting concerns over project delays, rising operational costs, and uncertainty around satellite deployment timelines. The drop reflects broader investor skepticism in the space-based internet sector.
- AST SpaceMobile (ASTS) stock dropped 30% in November 2025.
- Q3 2025 net loss reached $142 million, up 22% year-over-year.
- Satellite deployment delayed to late 2026, beyond the 2025 target.
- Cash runway estimated at 18 months as of September 2025.
- Increased competition from Starlink and Project Kuiper.
- Stock beta rose above 2.0, signaling heightened volatility.
AST SpaceMobile (ASTS) experienced a sharp 30% decline in share price during November 2025, marking one of the steepest monthly drops in the company’s recent history. The sell-off followed a series of disclosures indicating that the rollout of its broadband satellite constellation had slipped beyond initial projections, with the latest launch delayed by over six months. Investors reacted negatively to the updated timeline, which pushed the full deployment window to late 2026, up from the previously anticipated 2025 completion date. The company reported a Q3 2025 loss of $142 million, a 22% increase from the same period the prior year, despite a modest revenue gain of $31 million. These figures underscore the capital-intensive nature of building a space-based mobile network, with ongoing costs straining cash reserves. AST SpaceMobile’s cash runway was estimated at approximately 18 months as of the end of September 2025, prompting worries about the need for additional equity financing or debt restructuring. Market analysts noted that the stock’s performance was also influenced by broader sector trends, including regulatory scrutiny over spectrum allocation and growing competition from established satellite providers like SpaceX’s Starlink and Amazon’s Project Kuiper. The combination of delayed milestones, escalating expenses, and increased competitive pressure has eroded investor confidence in AST SpaceMobile’s near-term viability. The decline affected not only retail investors but also institutional holders, with several large hedge funds reducing their positions in the quarter. The stock’s beta coefficient rose above 2.0, indicating heightened volatility relative to the broader market. As ASTS continues to navigate technical and financial hurdles, the path to commercial sustainability remains uncertain.