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14$ASTS (-0,97%) and its partners (in the video $VOD (+0,91%) ) are currently in the test phase of their 5 BlueBird satellites, which were launched last year. Further satellites are to follow in 2025 and 2026 to ultimately enable global 5G for unmodified smartphones.
$ASTS (-0,97%) has also recently become tradable in Germany. Previously, the share was only listed on the Nasdaq.
Personally, I don't expect the share price to explode this year, as the schedule for rocket launches this year is still quite thin. However, I am still invested because I don't have a crystal ball and therefore have no idea when the share price will move upwards and I definitely want to be involved.
Watch the video:
https://www.youtube.com/watch?v=dVNtMjqUq5Y
New Glenn, the new heavy-lift launch vehicle from the American space company Blue Origin, owned by founder $AMZN (+0,77%) founder Jeff Bezos has been successfully launched for the first time.
Competition for SpaceX and other space companies.
New Glenn has a payload capacity of 45 tons.
Also very good for $ASTS (-0,97%) who want to launch many of their satellites into orbit with New Glenn.
Will $ASTS (-0,97%) reach $53 as predicted?
$ASTS (-0,97%) 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 (-0,97%) 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 (-1,25%) after it hit +100%. Buying more $LUNR and $ASTS (-0,97%)
Earnings next week (11.11 - 15.11)
