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MarketBeat
MarketBeat
Jessica Mitacek

AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be

AST SpaceMobile AST United States NYSE

After last week’s successful launch of its three newest BlueBird satellites, investors entered the week with hopes that space-based cellular broadband network provider AST SpaceMobile (NASDAQ: ASTS) could continue that momentum when it reported Q2 earnings on Monday, Aug. 10.

However, the report dashed those hopes when the Midland, Texas-based direct-to-device (D2D) SpaceX (NASDAQ: SPCX) rival announced disappointing financials after the market closed.

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