Why AST SpaceMobile Inc. (ASTS) Performed Worst On Monday?

We recently published a list of 10 Firms Mirror Wall Street Bloodbath. In this article, we are going to take a look at where AST SpaceMobile Inc. (NASDAQ:ASTS) stands against other best worst-performing companies on Monday

Wall Street kicked off the trading week on a sour note anew as investors continued to digest the impact of President Donald Trump’s tariff policies and his criticism of the Federal Reserve.

The tech-heavy Nasdaq fell the most among the major indices, down 2.55 percent, followed by the Dow Jones at 2.48 percent, and the S&P 500 at 2.36 percent.

Ten companies mirrored the market bloodbath, booking significant losses during the day. In this article, we have listed the 10 worst-performing companies on Monday and detailed the reasons behind their declines.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

An aerial view of a communications satellite in orbit, beaming its signal down to Earth.

AST SpaceMobile Inc. (NASDAQ:ASTS)

AST SpaceMobile dropped its share prices by 11.22 percent on Monday to close at $20.76 apiece amid an overall market pessimism that spilled over into the company.

In recent news, ASTS, in partnership with telecommunications provider AT&T, secured the green light from the Federal Communications Commission (FCC) to test direct-to-cellular satellite connectivity. The approval covers tests of FirstNet using ASTS’ Bluebird satellites, which are currently in low Earth orbit.

With the approval, AT&T and ASTS expect public-safety-grade satellite communications to begin later this year.

“Satellite connectivity on FirstNet is being built with public safety’s unique needs in mind,” said Matt Walsh, AT&T’s AVP for FirstNet and NextGen 911 products.

“First responders need more than the minimum, and we are excited to continue building out our comprehensive network to serve the public safety community,” he added.

Overall, ASTS ranks 2nd on our list of worst-performing companies on Monday. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ASTS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.