ASTS - AST SpaceMobile Inc.

Building a space-based cell tower network for ordinary smartphones; revenue doubled quarter-over-quarter, backlog ~$1.3B, and has military utility.

AST SpaceMobile is building a space-based cell tower network, selling wholesale to carriers. With over 60 mobile network operators signed up and Q2 revenue more than doubling, the government/defense angle adds strong demand for its direct-to-handset capability.

Working to build first space-based cell network that talks directly to existing phones. Recently launched Bluebird 8, 9, 10 satellites via SpaceX Falcon 9. FCC authorized commercial service over AT&T and Verizon spectrum. ~$1.2B backlog, ~$3B cash, 2026 revenue guidance of $150-200M. Potential Russell 1000 inclusion.

The host identifies AST SpaceMobile as a potential acquisition target for SpaceX due to its direct-to-cell cellular connectivity technology, which aligns with SpaceX's strategy to dominate space-based communications.

AST SpaceMobile is mentioned as a company inside RBX trying to bring satellite-based cellular service, meaning cell phones connecting directly with space. The host acknowledges uncertainty about its success but notes it represents a huge vision that Wall Street rewards.

ASTS is the only publicly traded Starlink competitor with direct-to-cell satellite technology. It has a mid-June launch catalyst (three Block 2 Bluebirds on Falcon 9) that hits before the SpaceX IPO prices, creating a piggyback momentum opportunity. The stock is already moving (up 10% Friday, 6% Tuesday pre-market). Ross plans to buy aggressively once a high tight flag consolidation pattern forms. Customers include AT&T, Verizon, and Vodafone. The company has $3.5B in cash and plans 45 satellites by year-end.

Mentioned as a comp at $4.1B market cap and 349x price-to-sales ratio to illustrate the valuation gap with Momentus. No explicit buy/sell recommendation, used purely for comparison.

Previously recommended pick that is up 65.74% since the last video. Direct-to-cell satellite competitor to Starlink, benefits from sector rerating.

AST SpaceMobile is building cellular towers in space that connect directly to smartphones, with active satellites already in orbit and partnerships with AT&T, Verizon, and Vodafone. The host considers $74 an early position before the SpaceX IPO validates the sector and attracts institutional capital.

AST SpaceMobile is highlighted as a top holding in both UFO and MARS ETFs. The host describes its innovative approach of turning satellites into cell towers from space, calling it interesting and positioning it within the space communication layer thesis.