After almost +50% in one week, I decided to sell half of my stocks.

Bought on 31.01 for 21.97$

Will $ASTS (+1,56 %) reach $53 as predicted?

$ASTS (+1,56 %) SpaceMobile is at the forefront of a revolutionary shift in global connectivity with its pioneering space-based cellular broadband network. By deploying a constellation of low-Earth orbit (LEO) satellites, AST SpaceMobile aims to provide seamless 4G and 5G network coverage directly to standard mobile devices, eliminating the need for additional hardware. This innovative approach promises to bridge communication gaps in remote and underserved areas, offering reliable internet access worldwide.

The company has made significant strides with the successful launch of its first five BlueBird satellites, marking a milestone in its quest to deliver global connectivity. Strategic partnerships with major telecom operators like Vodafone, AT&T, and Verizon further bolster its position, enabling the delivery of high-speed data services directly to unmodified smartphones. With plans to expand its satellite network significantly by 2030, AST SpaceMobile is poised to transform the landscape of telecommunications, enhancing digital inclusion and economic growth in previously inaccessible regions

$ASTS (+1,56 %) AST SpaceMobile reported earnings

Q3 FY2024 results ended September 30th 2024

- Revenue: $1.1M (first reported revenue)

- Net Loss: $303.1M vs $50.7M in Q3 2023

- Net Loss per Share: -$1.10 vs -$0.23 in Q3 2023

- Cash Position: $518.9M

CEO Abel Avellan: "We achieved many significant milestones in the quarter and continue our momentum with several key pieces now in place. With the first five BlueBird satellites successfully unfolded and entering initial operations, our business is progressing according to plan."

Operational Metrics:

- Operating Expenses: $66.6M, +13% YoY

- R&D Costs: $14.7M, +56% YoY

- Engineering Services: $21.8M, +12% YoY

- Depreciation & Amortization: $14.5M vs $19.0M in Q3 2023

Business Highlights:

- First five commercial BlueBird satellites achieved successful initial operations

- Secured launch capacity for up to 60 Block 2 BlueBird satellites

- Achieved initial validation of AST5000 ASIC chip

- Added three new contract awards with U.S. Government

- Received $153.3M from warrant redemption

- Repaid $48.5M of Senior Secured Credit Facility

Financial Position:

- Cash & Restricted Cash: $518.9M

- Total Assets: $821.6M

- Total Liabilities: $318.8M

- Capitalized property and equipment costs: $374.0M

Balancing my portfolio by selling half $RKLB (-4,7 %) after it hit +100%. Buying more $LUNR and $ASTS (+1,56 %)

$ASTS (+1,56 %)
$LUNR Would be good to have these stocks with Live updates.

$ASTS (+1,56 %) is on fire! 🚀

- 5 commercial satellites are completed;

- They will be shipped to Cape Canaveral in 2 weeks. To be launched in September.