AST SpaceMobile announces plan to build BlueBird rocket: Will ASTS hold $28.98 support?

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AST SpaceMobile stock falls 15% today

Highlights

AST SpaceMobile will build a 20-ton rocket with Firefly Aerospace's Miranda engines to launch BlueBird satellites under a $1.3 billion engine agreement.
Shares of AST SpaceMobile are down 15% on the day at $30.2.
AST SpaceMobile has 17 buy ratings and 8 sell ratings from 53 analysts, with a median price target of $78.

AST SpaceMobile announced on November 6, 2026, that it will build its own 20-ton rocket to deploy BlueBird satellites in low Earth orbit using Miranda engines from Firefly Aerospace. Firefly Aerospace signed a rocket engine deal valued at more than $1.3 billion with AST SpaceMobile, including a three-year agreement for engine delivery, licensed IP, and engineering support GlobeNewswire. AST SpaceMobile operates in communication equipment, employs 1,126 people, and has a market value near $19.83 billion on trailing revenue of $115.2 million.

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Oversold signals emerge as shares extend bearish daily structure

The intraday range in the latest session widened well beyond the weekly average, between $29.04 and $34.65. Shares of AST SpaceMobile remain in a broader bearish structure on the daily chart, with price moving below its MA-20, MA-50, and MA-200. The nearest support is the weekly low at $28.98. RSI at 25.6 shows the stock is in oversold territory, limiting room for further downside in the near term.

Probability favors further downside as volatility picks up

A close above $41.31 would indicate buyer follow-through, confirming that demand is being priced in. During the latest session, price swung between $29.04 and $34.65, showing heightened volatility. For the coming trading week, the probability of upside is less than 20%, while the probability of downside is more than 80%, with an expected range of $24.29 to $36.1. Still, this move lower has held firmly in recent days. A drop below $28.98 would show the move is being faded, while on the weekly chart the longer-term picture remains firmly negative.

Earlier, analysts noted that AST SpaceMobile remained under sustained selling pressure, with technical signals reinforcing a bearish outlook for the stock. The latest move to invest in proprietary launch capabilities adds a significant new operational dimension, but the prevailing downside scenario persists and traders should monitor $28.98 as the primary support level in the days ahead.

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