
Key facts: AST SpaceMobile Plunges After New Glenn Failure; 1.2B, 3.9B

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AST SpaceMobile (ASTS) shares plunged approximately 18.5% intraday following Blue Origin’s New Glenn launch failure, which raises risks of delays for its planned satellite deployments. Deutsche Bank downgraded the stock and lowered its price target. Despite the drop, ASTS reported $1.2 billion in contracted revenue commitments and $3.9 billion in cash equivalents ahead of its commercial-scale deployment.
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