Key Highlights

  • Shares were trading down 8.19% at USD 31.68 on Friday, November 13, 2026 in market data, following an 8% fall on November 10 after third-quarter results.
  • Third-quarter Revenue was USD 42.3 million versus USD 14.7 million a year earlier, but a published report called it a miss as adjusted operating costs rose to USD 133.6 million.
  • The goal of about 45 BlueBird satellites in orbit slipped to mid-2027 from early 2027, with 12 in orbit now and BlueBirds 14 to 16 awaiting a launch date.
  • A published report said BofA cut its price target to USD 45 from USD 80, citing launch and rocket risk, and the company held about USD 3.2 billion of cash.

Third-Quarter Miss and a Slipping Satellite Schedule

AST SpaceMobile (NASDAQ:ASTS) was trading down 8.19% at USD 31.68 on Friday, November 13, 2026, in market data that is the figure of record for the live session only. No company announcement dated November 12 or 13 was found; the latest documented company news is the third-quarter report on November 9. The company is building a space-based cellular broadband network from satellites called BlueBirds. Revenue of USD 42.3 million was up from USD 14.7 million, but costs rose and the satellite schedule slipped. The shares fell about 8% on November 10, according to a published report, and the move on Friday extends that slide. The company has not given a new launch date for the delayed satellites in the material found.

BofA Target Cut, Launch Risk and Cash Burn

A published report said BofA lowered its price target to USD 45 from USD 80, citing risk that launches slip and the added uncertainty of the company building its own rocket, Blacklift, due in late 2028. That is a third-party view, not a company figure, cited only because the target cut was reported. BlueBirds 14 to 16 were waiting on a launch date from SpaceX, and Rocket Lab's Neutron was not expected to fly before 2027. Cash was reported at about USD 3.2 billion, and analysts expected negative free Cash Flow of about USD 1.96 billion in 2026 in an earlier estimate. The report argued the company cannot absorb many more delays without raising money.

AI Selloff Backdrop and the Space Force Contract

On November 5, a published report said the shares fell 15% on the day the company disclosed a Space Force sensing contract through prime contractor STR, with no dollar value given, as AI and chip stocks sold off. That session came after the midterm elections raised data-center regulation fears. The stock traded at about 31 times forward sales on November 9, against a five-year average of 60 times, per the same coverage. A hotter Inflation report followed on November 10. AT&T, its lead United States carrier partner, also declined on November 5. No November 13 driver was verified, so Friday's move may reflect continued post-earnings selling and sector weakness.

Where Things Stand

Largely post-earnings and sector pressure. AST SpaceMobile (NASDAQ:ASTS) is down 8.19% four days after a revenue miss, rising costs and a later satellite target, with a published BofA target cut adding to the tone. No new announcement from November 12 or 13 was found. The company still has about USD 3.2 billion of cash, but its plan depends on launches it does not fully control. Next markers are a SpaceX launch date for BlueBirds 14 to 16, any financing and the mid-2027 deployment target.