AST SpaceMobile (NASDAQ: ASTS) stock has fallen 58% from its late May peak of $133, now trading below $63 per share. The satellite company recently launched BlueBird satellites 8-10 via SpaceX's Falcon 9 on June 17 and aims to launch satellites 11-13 in the first half of August. This follows a setback where a Blue Origin launch partner deployed a satellite into an unusable orbit. AST SpaceMobile also closed a $1 billion private offering of convertible senior notes in July, bringing its total capital to $3.8 billion for ongoing orbital expansion. The company projects revenue of $150 million to $200 million for this year and $1 billion for next year.