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Wajeeh Khan

The Blue Origin Failure Has Sent AST SpaceMobile Stock Below Its 50-Day MA. Should You Buy the Dip?

AST SpaceMobile Blue Origin ASTS Scotiabank

AST SpaceMobile (ASTS) crashed on April 20 after its BlueBird 7 satellite failed to reach its intended operational altitude following a launch on Blue Origin’s New Glenn rocket. 

Although the satellite separated and powered on, it was placed in an off-nominal orbit too low to sustain operations, forcing a planned de-orbit, the company confirmed in a press release today. 

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