#MeetTheTeam SpaceX had entered the mobile phone race and I heard questions about whether they'd go recruit all of $ASTS's employees. First of all, if you are an ambitious engineer, do you want to work at a $125bn valuation company or a $2bn company? Starting point matters...
Quick aside, the other day I saw a sky blue Porsche Taycan Turbo S with the plates "MARSHIP" that had a SpaceX plate holder. To say SpaceX has been a place of wealth generation is an understatement. As well it should be. They should all be canonized for their achievement
But there is a reason that there has always been talent flow out of winners like Apple, Microsoft, Google, Facebook, Goldman Sachs, etc...talent wants to ring the bell for themselves if they were late comers. If they were early, they want to do it again. "LFG!"
So worriers wonder whether SpaceX is going to just poach all of $ASTS's talent.
Spoiler alert - at least according to the tools I have, there has been zero switching sides from the #SpaceMob to #OccupyMars.
Even if there had been, who cares. But there has been zero
Oh wait...what if the opposite is happening? What if (gasp), employees are LEAVING SPACEX TO GO TO $ASTS!!!
Turns out that some people at SpaceX have wanted to #MeetTheTeam. Is this a crisis for SpaceX?
No - Grow up.
But, it does show that talent sees opportunity to do something big at an exciting company.
I've blurred some details out for PII, but you'll get the point.
The recruits have tenure of 3-5 years at SpaceX - people with real experience. The recruits are electronic systems engineers, systems engineers, and an environmental test technicians (who apparently did her job well). All are senior hires - VP level, Principal Engineer
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The world is over, but $ASTS continues to be in control of its destiny with nuanced details in regulatory filings showing that a large base of government revenue appears to be cooking. That, and more, on this week's Weekly...
👶Beta Boys
Beta is back. Wholesale liquidations of the market is always super fun, but it gives you a second chance. A great stock won't ever go back or rewind itself unless a) the market pukes or b) something bad happens.
Analogues:
October 1987 saw an enormous single‑day collapse (“Black Monday”). One month later, the market was roughly flat to slightly down (depending on the exact start/end points). November 2008 saw a vigorous +18 % rebound in the month after the local low, even though the global financial crisis continued well into 2009. March 2020 bottomed on March 23; the rebound one month later was approximately +25 %, reflecting the swift policy response and rapid market snapback.
Son, are we winning? Apparently, but last week it didn't feel like it. Ligado got signed, the future is bright but macro and FUD separate the men from the boys...that, and more on this week's Weekly...
The DA is signed. The implications of this are enormous. ASTS is ever-evolving and capitalizing on opportunities to maximize the value of their innovative technology
ASTS accomplished more this quarter than any Company I can remember. As their unofficial chronicler, I'm in shock at their pace of play...read on, friends
🕺MWC Update
$ASTS was center stage. Here is a video of Scott. Initial service in 2025 and full service in 2026.
AST SpaceMobile initiated the video call from Midland, Texas to AT&T in Dallas, demonstrating the seamless integration of space-based communication technology with everyday smartphones. It was one small step for man, but one giant connection for mankind.