Zacks Investment Research lowered their earnings estimates for AST SpaceMobile over the last 90 days. They now expect larger losses of $1.07 per share in 2025 and $0.90 in 2026. The revision is mostly due to high capital costs, inflation affecting satellite materials, and the need to spend heavily to get 45-60 satellites up by 2026. The report also points out stiff competition from Starlink and Globalstar. Because of the high burn rate and integration risks, Zacks currently has a Strong Sell rating on the stock. It wasn't all bad news though. The company finished unfolding BlueBird 6, their first next-gen satellite which has 10x the data capacity of previous models. BlueBird 7 is scheduled for a late February launch. Despite the negative report, the stock is still up nearly 250% over the past year.