AST SpaceMobile Shares Fall 6.13% as TELUS Satellite Test Advances

AST SpaceMobile shares declined 6.13% to $56.93 on Thursday, October 8, 2026, as investors weighed regulatory developments, financing concerns, and progress in satellite-to-smartphone connectivity. The decline occurred despite a milestone involving TELUS, with the companies completing their first Canadian integration test for direct satellite connections to ordinary smartphones.

According to market data from Twelve Data cited by The Cryptonomist, ASTS opened at $59.25, reached a session high of $60.30 and a low of $55.96, and finished below its previous close of $60.65. The closing price remained under all three key daily exponential moving averages, indicating continued weakness across longer-term trend measures.

The 20-day exponential moving average stood at $60.24, while the 50-day and 200-day averages were $63.26 and $70.95, respectively. The daily relative strength index was 43.2, below the neutral threshold of 50, although the moving average convergence divergence histogram remained slightly positive at 0.05.

The daily Bollinger Bands placed the lower boundary at $56.36, the midpoint at $60.07, and the upper boundary at $63.79. ASTS closed above the lower band but below the midpoint, while the next-session daily pivot was $57.73, with initial resistance at $59.50 and support at $55.16.

On the hourly chart, the stock also traded below its 20-hour, 50-hour, and 200-hour exponential moving averages of $58.54, $59.32, and $61.43. The hourly RSI was 40.24, and the MACD histogram registered -0.42, while the 15-minute MACD histogram was positive at 0.14, showing a difference between short-term momentum and the broader trend.

The technical picture developed alongside competing news about satellite connectivity and regulation. The Cryptonomist reported that Yahoo Finance linked Thursday's decline to regulatory permission allowing SpaceX to reach ordinary phones without a wireless carrier. Another Yahoo Finance report described the Federal Communications Commission's October 29 agenda as presenting a mixed outlook for AST SpaceMobile, with Clear Street maintaining a Buy rating while identifying a limited auction-related risk.

AST SpaceMobile and Canadian telecommunications provider TELUS completed their first satellite-to-smartphone integration test, according to coverage published by Simply Wall St and Yahoo Finance after Thursday's market close. The test connected TELUS's terrestrial wireless network with AST SpaceMobile's satellite system, demonstrating integration intended to support direct connectivity for standard smartphones in areas beyond existing cell tower coverage.

The companies' planned service is expected to become available to TELUS customers within the next year. The proposed offering is intended to support broadband data, voice, and text services in remote and underserved Canadian regions, extending mobile coverage beyond conventional terrestrial infrastructure.

Simply Wall St described the test as evidence of progress toward integrating AST SpaceMobile's technology with established mobile operators. The company has more than 50 mobile operator agreements covering nearly 3 billion subscribers, according to the publication, with partnerships forming a central part of its commercial strategy.

AST SpaceMobile is developing its BlueBird satellite constellation to deliver mobile connectivity through space-based infrastructure. Its existing and planned carrier relationships include Verizon, AT&T, Vodafone, and TELUS, although integration milestones alone do not establish the timing or financial success of commercial service.

Commercial activation remains a key milestone for the TELUS partnership, with service availability, customer adoption, and usage-based revenue among the factors relevant to its financial contribution. Launch schedules for the BlueBird constellation and the timing of coverage expansion will also affect the company's ability to translate agreements into operating services.

Financing remains another consideration. The Cryptonomist cited Yahoo Finance premarket coverage estimating that AST SpaceMobile could face $3.2 billion in cash burn before 2029. The report also described an after-hours share-price decline associated with SpaceX obtaining Grain spectrum, while noting that news published after Thursday's closing bell did not explain the regular-session decline.

For the next session, the daily pivot of $57.73 and resistance at $59.50 are immediate technical reference points, according to the analysis. On the downside, a move below the daily lower Bollinger Band at $56.36 and the session low of $55.96 would place the $55.16 support level in focus, followed by the hourly lower Bollinger Band at $54.93.