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AST SpaceMobile, Other Space Stocks Fall After Blue Origin Rocket Explosion

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AST SpaceMobile (ASTS) and other space-related firms saw their stock prices drop in Friday trading after Blue Origin's New Glenn rocket exploded on Thursday night during a hot-fire test at a Space Force facility in Cape Canaveral, Florida.

AST shares fell 18%, while Rocket Lab (RKLB) stock was down 5.5%. Intuitive Machines (LUNR), Redwire (RDW), and Planet Labs (PL) also saw their stock fall by 13%, 12%, and 10%, respectively.

Blue Origin, backed by Amazon's (AMZN) Jeff Bezos, is one of the few companies aiming to compete with Elon Musk's SpaceX.

Price: $108.57, Change: $-24.52, Percent Change: -18.42%

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