There's another space stock coming: $ASTS
New Providence SPAC $NPA is taking satellite-to-smartphone broadband company AST & Science public at a $1.8 billion valuation.
Exclusive for @CNBC: cnbc.com/2020/12/16/ast…
New Providence SPAC $NPA is taking satellite-to-smartphone broadband company AST & Science public at a $1.8 billion valuation.
Exclusive for @CNBC: cnbc.com/2020/12/16/ast…
AST "is launching a space-based satellite network that allows any phone – without any modification of hardware, software, apps, nothing – to be able to connect directly to satellites," CEO Abel Avellan said.
"This will support true 5G broadband speed."
cnbc.com/2020/12/16/ast…
"This will support true 5G broadband speed."
cnbc.com/2020/12/16/ast…
@AST_SpaceMobile @AvellanAbel AST plans to launch the first 20 satellites of its SpaceMobile constellation in late 2022, in a first phase it expects will cost $510 million (with $259 million to build & launch the satellites.)
AST has yet to announce SpaceMobile launch provider(s).
cnbc.com/2020/12/16/ast…
AST has yet to announce SpaceMobile launch provider(s).
cnbc.com/2020/12/16/ast…
@AST_SpaceMobile @AvellanAbel AST also announced Vodafone Group will partner to launch SpaceMobile's initial service in 2023, with plans to offer the network in 49 equatorial nations, pending regulatory approval. cnbc.com/2020/12/16/ast…
@AST_SpaceMobile @AvellanAbel AST does not expect cash flow positive essentially until the first 20 satellites are in service.
SpaceMobile’s subscriber growth begins in 2023 with 9 million, when it expects to net $181 million in revenue. But it grows quickly, to ~$1 billion in 2024:
cnbc.com/2020/12/16/ast…
SpaceMobile’s subscriber growth begins in 2023 with 9 million, when it expects to net $181 million in revenue. But it grows quickly, to ~$1 billion in 2024:
cnbc.com/2020/12/16/ast…
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