When AST SpaceMobile (ASTS) surged to $102.79 on October 15, 2025, sellers quickly took profits. The stock found support at $50 and closed at $56.20 on November 28. ASTS stock could resume its rebound from here.
On November 21, AST said that the BlueBird 6 satellite will launch on December 15 from the Satish Dhawan Space Center in India. CEO Abel Avellan said that "Our next-generation satellites will soon enable ubiquitous cellular broadband coverage direct to everyday smartphones from space.”
The company has a target to complete components for 40 more satellites by early 2026. Its schedule includes five orbital launches by the end of Q1/2026. At a launch schedule planned every one or two months, ASTS will have 45 – 60 satellites deployed by the end of next year.
In the software sector, Elastic (ESTC) broke down below its $80 - $90 trading range. After it posted Q2 results on November 21, sellers sold ESTC stock. The firm earned $0.64 in EPS (non-GAAP). For FY 2026, Elastic will post revenue growth of 16% Y/Y. This is in the range of $1.715 billion and $1.721 billion.
Savvy investors may have used AI tools to quickly notice the GAAP EPS loss of $0.48, compared to the non-GAAP EPS. Stock-based compensation is excessive. Still, the stock historically rebounded whenever it sold off so quickly.
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