We got here throughout a bullish thesis on AST SpaceMobile, Inc. on Victorious Investing’s Substack. On this article, we’ll summarize the bulls’ thesis on ASTS. AST SpaceMobile, Inc.’s share was buying and selling at $52.57 as of August 5th.
A satellite tv for pc array in Earth’s orbit, exhibiting the huge scope of the corporate’s space-based options.
AST SpaceMobile (ASTS) is pioneering space-based mobile broadband by deploying massive low Earth orbit (LEO) satellites designed to attach immediately with commonplace, unmodified cell phones, eliminating the necessity for terrestrial towers and filling protection gaps globally. Its BlueWalker prototype, launched in 2022, efficiently demonstrated direct-to-device connectivity, reaching 4G obtain speeds and later enabling 5G voice calls. The corporate has since launched 5 Block-1 satellites and plans to deploy 60 bigger Block-2 satellites by 2026, every able to servicing 1 million customers, supported by a $300M manufacturing growth to scale manufacturing to 6 satellites per thirty days.
AST is at present pre-revenue however well-capitalized, with $873.8M in money following a $458M elevate, minimal debt, and $0.5B in authorities funding. It maintains partnerships with over 50 carriers, together with Vodafone, Verizon, and Google, which collectively serve 3 billion subscribers, positioning AST to faucet into the $1.1T international cellular broadband market the place 42% of the inhabitants lacks protection. The corporate additionally holds U.S. protection contracts price over $60M, increasing its business and authorities footprint.
Competitors from SpaceX’s Starlink, Apple’s Globalstar partnership, and Amazon’s Undertaking Kuiper stays a key threat, alongside technical scalability, regulatory hurdles, and ongoing money burn. Nevertheless, AST’s know-how benefit in supporting low-band frequencies provides it an edge in provider integration. Whereas valuation stays speculative, forecasts counsel billions in potential income by 2030 if adoption scales as deliberate. For risk-tolerant buyers, AST provides important upside because it transitions from testing to commercialization, with 2025-2026 deployment as a pivotal catalyst.
Beforehand, we coated a bullish thesis on AST SpaceMobile, Inc. (ASTS) by Steve Wagner in Might 2025, highlighting its progress towards commercialization and powerful funding runway regardless of losses. The inventory has appreciated about 100% since then as deployment momentum constructed. The thesis nonetheless stands given upcoming launches. Victorious Investing shares an similar view however emphasizes long-term upside and know-how scalability.
AST SpaceMobile, Inc. shouldn’t be on our checklist of the 30 Most Common Shares Amongst Hedge Funds. As per our database, 22 hedge fund portfolios held ASTS on the finish of the primary quarter which was 22 within the earlier quarter. Whereas we acknowledge the potential of ASTS as an funding, we imagine sure AI shares supply larger upside potential and carry much less draw back threat. In case you’re on the lookout for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory.
