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MarketBeat
MarketBeat
Jessica Mitacek

AST SpaceMobile Drops 15% After Blue Origin Satellite Mishap

For burgeoning growth stocks, it only takes a momentary, short-term misstep to jeopardize lofty, long-term expectations that can result in severe market reactions.

Such was the case for aerospace and telecommunication services upstart AST SpaceMobile (NASDAQ: ASTS), which saw its shares plummet in premarket trading on April 20.

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