ASTS - AST SpaceMobile: Reaching Commercialization Phase

2024-03-21 11:15:16 ET

Summary

• AST SpaceMobile aims to provide mobile cellular connectivity through satellites directly to smartphones, revolutionizing space-based connectivity.
• The company faces competition from Lynk, another satellite-to-phone service developer, and financial challenges due to expenses and potential delays.
• AST SpaceMobile has strategic partnerships with major companies and aims to generate revenue in 2024 through agreements with mobile network operators and other potential use cases.
• Past performance shows a high degree of volatility and the next upside should come in the aftermath of its commercial satellite reaching orbit for this catalyst-driven stock.

When I last wrote about AST SpaceMobile ( ASTS ) in June 2022, it was planning to launch its Blue Walker 3 (BW3) test satellite later that year to be followed by field tests involving a mobile handset to communicate in a region of the Earth devoid of cellular connectivity....

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