Why AST SpaceMobile Stock Dropped More Than 33% In July
AST SpaceMobile's stock fell 33.6% in July after the company announced a $1.15 billion convertible debt raise and delayed its 45-satellite rollout from late 2026 to early 2027. The company projects roughly $3.8 billion in cash reserves, providing about two to three years of runway at current burn rates.
Why it matters — ASTS watchers would care because the stock decline reflects investor concerns over the financing dilution and the delayed satellite deployment timeline, while the company's cash runway makes execution of its rollout plan a critical factor.