Why Shares of AST SpaceMobile Slipped 27% Last Month

AST SpaceMobile's stock fell 27% in October, down 71% from its highs, due to delays in satellite deployment, heavy cash burn ($719M negative free cash flow last quarter), and competition from SpaceX's Starlink direct-to-smartphone service. Despite the stock price collapse, the company still trades at a $15B market cap with minimal revenue, making it overvalued even after the decline. The analyst recommends avoiding the stock.