T - AST SpaceMobile: Short-Term Driven By Milestones Long-Term Backed By Large Customers
2024-06-03 11:46:23 ET
Summary
- AST SpaceMobile is building a cellular broadband communication satellite constellation that can connect directly to unmodified mobile phones.
- The company has proven its connection capability with a test satellite launch in 2022 and has secured partnerships with major mobile network operators.
- Short-term catalysts include the launch of the first batch of commercial satellites and potential regulatory approvals, making the company an attractive investment.
AST SpaceMobile ( ASTS ) is a company building the first and only cellular broadband communication satellite constellation that can connect directly to mobile phones without modification. The company has launched a test satellite, Bluewalker-3 in 2022, and has proven connection capability according to an announcement of the result . With the company's technological ability to connect directly to unmodified phones and its missions to provide internet connection to remote areas and dead zones, the company has partnered with different global network operators ("MNO"s). This brings the company's addressable and obtainable market through these partnerships to about 3 billion ....
AST SpaceMobile: Short-Term Driven By Milestones, Long-Term Backed By Large Customers