{"id":20116,"date":"2026-05-30T00:45:30","date_gmt":"2026-05-30T00:45:30","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/30\/stock-market-today-may-29-ast-spacemobile-falls-after-blue-origin-rocket-test-failure-raises-launch-delay-fears-the-motley-fool\/"},"modified":"2026-05-30T00:45:30","modified_gmt":"2026-05-30T00:45:30","slug":"stock-market-today-may-29-ast-spacemobile-falls-after-blue-origin-rocket-test-failure-raises-launch-delay-fears-the-motley-fool","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/30\/stock-market-today-may-29-ast-spacemobile-falls-after-blue-origin-rocket-test-failure-raises-launch-delay-fears-the-motley-fool\/","title":{"rendered":"Stock Market Today, May 29: AST SpaceMobile Falls After Blue Origin Rocket Test Failure Raises Launch Delay Fears – The Motley Fool"},"content":{"rendered":"

AST SpaceMobile<\/strong> (ASTS<\/a> 14.89%<\/span>)<\/span> is working to build a space-based cellular broadband network accessible directly by standard smartphones. The stock closed Friday at $113.41, down 14.79%. The drop came after reports of a Blue Origin New Glenn test rocket explosion and a Deutsche Bank<\/strong> (DB<\/a> +1.12%<\/span>)<\/span> downgrade. Investors are watching for potential launch delays and execution risk around its BlueBird constellation rollout.
Trading volume reached 47.8 million shares, coming in about 159% above its three-month average of 18.4 million shares. AST SpaceMobile IPO'd in 2019 and has grown 1,061% since going public.
The S&P 500<\/strong><\/a> (^GSPC<\/a> +0.22%<\/span>)<\/span> added 0.23% to finish Friday at 7,581, while the Nasdaq<\/a> Composite<\/strong> (^IXIC<\/a> +0.20%<\/span>)<\/span> rose 0.20% to close at 26,973. Within communication equipment names, industry peers Iridium Communications<\/strong> (IRDM<\/a> +1.01%<\/span>)<\/span> closed at $51.78 (up 1.01%) and Gilat Satellite Networks<\/strong> (GILT<\/a> 3.70%<\/span>)<\/span> ended at $17.17 (down 3.70%) as investors reassessed satellite-connectivity risk.
The Blue Origin New Glenn explosion could impact AST SpaceMobile\u2019s near-term plans. The company has utilized several commercial launch providers for its BlueBird constellation launches, including Blue Origin and SpaceX.
Earlier this month, AST CEO Abel Avellan updated investors with the company\u2019s plan to launch approximately 45 satellites into orbit this year, noting a \u201cmulti-partner launch strategy.\u201d
Delays from Blue Origin could impact AST SpaceMobile\u2019s plan, giving AST investors<\/a> one more added risk to the speculative stock. Added pressure on the stock came from a Deutsche Bank downgrade, including a price target cut to $106 per share. As a speculative space play, investors should expect more volatility ahead.
Howard Smith<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool has a disclosure policy<\/a>.<\/em>
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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Investors weigh launch delays, execution risk, and a fresh downgrade as satellite-connectivity bets get stress-tested, today, May 29, 2026.<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

AST SpaceMobile (ASTS 14.89%) is working to build a space-based cellular broadband network accessible directly by standard smartphones. The stock closed Friday at $113.41, down 14.79%. The drop came after reports of a Blue Origin New Glenn test rocket explosion and a Deutsche Bank (DB +1.12%) downgrade. Investors are watching for potential launch delays and […]<\/p>\n","protected":false},"author":1,"featured_media":20117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-20116","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/20116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=20116"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/20116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/20117"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=20116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=20116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=20116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}