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AST SpaceMobile (ASTS) Stock Tumbles 6% Amid Massive Insider Sales and Satellite Delay

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ASTS Stock Card

Quick Summary

  • Rakuten CEO Hiroshi Mikitani offloaded approximately $154.5M worth of ASTS shares, contributing to ~$274M in total insider sales last quarter
  • The BlueBird 7 satellite deployment was postponed to April 19 from Kennedy Space Center
  • Deutsche Bank reduced its price projection from $139 down to $117, referencing Amazon’s Globalstar purchase
  • Short positions reached their highest level in eight months amid growing skepticism
  • Major institutional players like Vanguard and Invesco expanded their holdings despite the turbulence

AST SpaceMobile (ASTS) endured a turbulent week as shares slid approximately 6%, pressured by a confluence of insider transactions, operational setbacks, and Wall Street recalibrations.


ASTS Stock Card
AST SpaceMobile, Inc., ASTS

The most significant development came from Rakuten’s billionaire founder Hiroshi Mikitani, who liquidated 1.69 million shares on April 14 at an average execution price of $91.42, representing approximately $154.5 million. This substantial transaction rattled investor confidence. Taking a broader view, company insiders collectively divested roughly 3.08 million shares during the previous quarter, totaling approximately $274 million. Current insider ownership stands at around 30.9%.

Adding to the selling activity, Chief Technology Officer Huiwen Yao disposed of 40,000 shares on March 23 at $88.88, slashing his holdings by nearly 90%. Following this transaction, Yao retained just 4,750 shares.

BlueBird 7 Deployment Timeline Shifts

The BlueBird 7 satellite deployment, previously slated for an earlier date, has been rescheduled for April 19. The spacecraft will lift off from Kennedy Space Center aboard Blue Origin’s New Glenn-3 rocket, with the launch window opening at 6:45 a.m. and closing at 8:45 a.m. EDT.

This satellite features a sophisticated phased-array antenna spanning approximately 2,400 square feet, engineered to provide direct-to-device broadband connectivity to conventional smartphones. The system supports peak throughput exceeding 120 Mbps utilizing both 4G and 5G technologies.

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A successful deployment would represent a critical technological validation for the company. ASTS maintains partnerships with more than 50 mobile network operators worldwide, collectively serving nearly 3 billion subscribers. Strategic partners encompass AT&T, Verizon, Vodafone, and Google.

The postponement amplified investor uncertainty. Short interest surged to its highest point in eight months as market participants adopted defensive positions ahead of the mission.

Wall Street Reassessments Intensify

Deutsche Bank trimmed its price objective from $139 to $117, highlighting competitive headwinds following Amazon’s announcement to acquire Globalstar. This development sparked concerns regarding ASTS’s competitive positioning within the satellite communications sector.

Scotiabank adopted a more aggressive stance, downgrading ASTS to “sector underperform” with a $45.60 target. B. Riley lowered its objective from $105 to $95 while maintaining a neutral stance. The consensus rating currently registers as “Reduce” with an average target of $77.10, substantially below present trading levels.

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However, bearish sentiment isn’t universal. Deutsche Bank maintains its $117 projection. Jim Cramer offered favorable commentary about the stock during Mad Money. Barclays elevated its target to $65 from $60 following the successful BlueBird 6 deployment with ISRO, though maintaining an Underweight rating.

On the institutional front, Vanguard expanded its position by 13.4% in Q3 to nearly 20 million shares. Invesco amplified its stake by over 600%, while VanEck more than doubled its holdings. Overall institutional ownership currently represents approximately 61%.

ASTS disclosed Q4 2025 financial results on March 2, reporting revenue of $54.31 million, significantly exceeding the $39.53 million consensus forecast. EPS registered at -$0.26, falling short of the -$0.18 estimate. Management projected 2026 revenue between $150 million and $200 million.

Shares opened Friday trading at $85.53, positioned between the 50-day moving average of $88.90 and the 200-day moving average of $83.34. The 12-month trading range extends from $20.26 to $129.89.

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Crypto World

Stablecoins Do Not Threaten Banking Just Yet: Analyst

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Stablecoins Do Not Threaten Banking Just Yet: Analyst

The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization. 

“So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,” Abhi Srivastava, associate vice president of Moody’s Investors Service Digital Economy Group, told Cointelegraph.

The stablecoin market cap has surged past $300 billion. Source: RWA.xyz

The role of stablecoins in payments, cross-border commerce and onchain finance is “expanding,” despite their currently limited role, Srivastava said, adding that existing payment systems in the US are already “fast, low-cost and trusted.” He said:

“For the banking sector, at this stage, disruption risk appears limited. In the near term, US rules that prohibit stablecoins from paying yield mean they are unlikely to replace traditional deposits at scale domestically.”

However, over time, growing adoption of stablecoins and tokenized RWAs, traditional or physical financial assets represented on a blockchain by a token, could place “pressure” on the banking sector, leading to deposit outflows and reduced lending capacity, he said.

Stablecoin regulatory policy has become a hot-button issue among crypto industry executives and those in the banking sector, with fears that yield-bearing stablecoins could erode banking market share proving to be a stumbling block for the CLARITY crypto market structure bill in Congress. 

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Related: Stablecoins behave like FX markets as liquidity splits: Eco CEO

CLARITY Act stalled, as banks fight yield-bearing stablecoins

The Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, is a comprehensive crypto market regulatory framework that establishes an asset taxonomy, regulatory jurisdiction and oversight over the crypto markets.

The CLARITY crypto market structure bill. Source: US Congress

It is now stalled in Congress after a group of crypto industry companies, led by cryptocurrency exchange Coinbase, publicly stated opposition to earlier drafts of the bill.

A lack of legal protections for open-source software developers and a prohibition on yield-bearing stablecoins were among some of the most contentious issues cited by crypto industry opponents of the legislation.

Several attempts have been made by US lawmakers and the White House to negotiate a bill acceptable to both the crypto industry and the bank lobby.

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Earlier this month, North Carolina Senator Thom Tillis said he plans to release an updated draft bill proposal that would be acceptable to both sides; however, the bill has reportedly received pushback, according to Politico, and has yet to be publicly released. 

However, other crypto industry executives and market analysts have warned that if the CLARITY Act fails to pass, it could open the crypto industry up to future regulatory crackdowns by hostile lawmakers and officials.

Magazine: Stablecoins will see explosive growth in 2025 as world embraces asset class