Core Viewpoint - AST SpaceMobile's shares declined due to new competition from Blue Origin's satellite communications network, TeraWave, which is set to launch in late 2027 [1][3]. Group 1: Competition and Market Impact - Blue Origin announced TeraWave, a satellite network with a capacity of 6 terabytes per second, consisting of 5,408 interconnected satellites, aimed at supporting various users including enterprises and governments [3]. - Following the announcement, shares of both AST SpaceMobile and rival EchoStar fell, with AST SpaceMobile's stock down 13.4% as of 2:25 p.m. ET [1][4]. Group 2: AST SpaceMobile's Financial Outlook - AST SpaceMobile recently began monetizing its deployment, generating $14.7 million in revenue in Q3 and projecting revenues between $35 million and $50 million for Q4 [4]. - The company anticipates its revenue will triple by 2026, reaching nearly $200 million, but currently trades at a high price-to-sales ratio of approximately 200, indicating that significant expectations are already factored into its valuation [6]. Group 3: Industry Context and Speculation - AST SpaceMobile competes with existing players like Elon Musk's Starlink, and while the new competition from Blue Origin is notable, it may not pose an immediate threat given the timeline for TeraWave's deployment [5]. - The volatility of AST's stock is expected to continue due to its speculative nature and high valuation metrics [6][7].