#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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AST SpaceMobile is signaling exciting developments ahead! They’re “getting ready to operate and provide commercial services,” suggesting the start of significant milestones.
$ASTS gets included in an incredible US Military Project, becomes a Prime Contractor, and completes the unfurling of all 5 Block 1 satellites. Read on for more!
ASTS Block 1 Satellite Unfurling Ahead of Schedule:
AST SpaceMobile completed the unfurling of its five Block 1 satellites six weeks after launch, moving ahead of schedule. This rapid deployment primes the satellites for upcoming commercial and U.S. government operations, showcasing ASTS's commitment to timely and reliable performance.
Promotion to Prime Contractor in the HALO Project:
AST SpaceMobile advanced from subcontractor status to prime contractor with the U.S. Space Development Agency (SDA) under the HALO initiative. This pivotal promotion allows ASTS to manage contracts directly, highlighting its growing technical maturity and strengthened industry relationships.
HALO Demonstrations Begin with ASTS as Key Player:
ASTS is among 19 companies chosen for the SDA’s HALO project, aiming to enhance missile tracking and communication capabilities in low-Earth orbit. The initial orders involve the launch of two satellites within 12 to 18 months, with the possibility for larger contracts as the program expands.
FCC Compliance and Strategic Diplomacy: While regulatory hurdles are common in satellite communications, ASTS has maintained steady compliance with FCC requirements, contrasting with recent publicized disputes by SpaceX. ASTS’s smooth navigation of these processes underscores its meticulous approach to regulatory compliance.
FirstNet and New Spectrum Gains Support Future Expansion: AT&T’s FirstNet received additional spectrum, furthering ASTS’s potential reach for emergency and public safety communications. As the FirstNet network grows, ASTS is positioned to provide valuable satellite-based connectivity for first responders and emergency personnel.
Spotlight on Government Spending for Space Initiatives: The Pentagon's $14 billion Next-Gen OPIR program reveals a sustained emphasis on large-scale satellite procurement. ASTS’s modular satellite technology aligns well with such ambitious government initiatives, offering high-altitude solutions ideal for persistent surveillance and missile tracking.
READ THIS BEFORE ANYTHING ELSE. This was so well written by God's representative on earth, Ra himself.
2 more birds join the flock; AT&T shows the end game, and much, much more. This week's $ASTS Week In Review also includes an upfront summary
Unfurling Progress: With the recent milestone, three satellites are now operational, continuing to expand our coverage.
Bloomberg Interview Success: Scott delivered an impressive interview, highlighting our network's strategic focus. Key takeaways include: Over 45 MOU partnerships with 2.8 billion subscribers.
A vertically integrated model, enabling us to scale production to six satellites per month.
A clear message to shorts: we are differentiated, focusing on shareholder value.
Market Dynamics & Competitive Landscape: The narrative is shifting significantly in our favor. Our positioning has evolved from being seen as a "tiny player" to a formidable competitor in the market.
Government Engagement: Our solutions continue to resonate with government needs, particularly in the U.S., positioning us as a crucial partner for long-term strategic initiatives.
Talent Acquisition: We're pleased to welcome Luiz Abud to the team. With his expertise and insights, particularly from his time at Nokia, we expect to accelerate the commercialization of our technology.
Investor Confidence: Institutional interest is growing, as evidenced by BlackRock's increased stake in our Series A stock. This shift towards long-term holders underscores the market's belief in our growth trajectory.
Key Partnerships & Market Moves: The recent Verizon spectrum deal has strategic implications, especially as it positions us alongside leading telecom players in shaping the future of satellite-based communication.
Expanding Opportunities in Mexico: Our collaboration with regional partners is well-timed as the country navigates regulatory challenges. ASTS offers a promising solution for 5G expansion, making it a valuable partner for regional telecom giants.
The storm has passed, literally and metaphorically
Solar storm messing with drag is over and the Starlink STA is more obviously a nothing burger.
ASTS MET WITH FCC COMMISSIONER: ASTS confirmed it will meet all the rules (unlike someone else). ASTS is once again talking about the 5G Fund and it's eligibility.
A BIRD SPREAD ITS WINGS: The first Block 1 bird unfurls AHEAD of schedule
TIME TO EXECUTION. As Tut points out, 70 days from factory floor to unfurling. Execution is what will drive the stock price to big boy market caps ($100bn+).
WARRANTS: $ASTS announced the preliminary results from the warrant redemption. 13.6MM warrants were exercised, which is larger than the original amount outstanding because many of the private warrants converted. 6.05MM private warrants were originally issued and on my calculation, 3.75MM remain.
Massive cash influx from warrant redemption and huge collision of retail investors who did not know how to exercise them
THE INTERVIEW: Chris and Abel. Goddamn. This was Chris' first rocket launch. Chris loved the #Spacemob energy. F- yeah. We're here. Chris got his platoon back, but this time we're more diehard than what he was used to with the SEALS. Did SEAL training involve holding a stock down 90%? I think not.
Chris goes directly to $ASTS replacing terrestrial CAPEX. This is about avoidance of future CAPEX, which will have incredible ROI. This is the ScotiaBank thesis and frankly, more powerful than our original thesis. "Abel is one of the great inventors of our time." Chris had same reaction when Abel launched a phone into space for Bluewalker-1. When I learned that I sat back and thought, "this guy thinks differently." I wasn't alone.
Abel said something I love, "We're a very proud American company." Giddy up.
ASTS VIDEO: A cool recap video showing the incredible launch. I view this was a way $ASTS of telling investors that things are going well.