ASTS is down ~40% since May and has gone down again today after a successful launch. Is anyone buying at these prices?
We just had a flawless deployment for BlueBirds 8, 9, and 10, which literally validates the tech and the scale they’re building toward. Instead of moving up, we’re watching a classic "sell the news" event, with the price continuing to dump down into the $80 range today.
We went from an all-time high of ~$133 in late May down to where we are now. It feels like the macro environment, mixed with high valuation anxiety (the forward EV/Sales is still wild), is completely overriding the operational wins.For the long-term bulls, are you looking at this ~40% haircut as a gift to average down, or are you holding off because you think the selling exhaustion isn't over yet? Personally trying to decide if I load up more here or wait out the bleed. What’s the play?