AST SpaceMobile, Inc.
- Open
- 74.08
- Day high
- 74.08
- Day low
- 71.30
- Prev close
- 73.88
- Volume
- 7.3M
- Mkt cap
- $21.9B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 10.5
- P/S
- 257.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$283.9M over the last 3 months (0 open-market buys, 7 sales)
- 🏛Institutions accumulating (13F)
AST SpaceMobile, Inc. (ASTS) is a Technology company listed on NASDAQ. The stock is up 68% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 7 sales (SEC Form 4). Drillr has 3 published research articles covering ASTS.
AST SpaceMobile, Inc. (ASTS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ASTS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $-0.23 | $-0.66 | -187.0% | $15M | -62.2% |
| Mar 3, 2025 | $-0.14 | $-0.12 | +14.3% | $2M | -97.6% |
| Nov 14, 2024 | $-0.20 | $-0.24 | -18.5% | $1M | -38.9% |
| Aug 14, 2024 | $-0.22 | $-0.14 | +35.9% | $900000 | -88.1% |
| May 15, 2024 | $-0.21 | $-0.16 | +24.0% | $500000 | -86.4% |
| Nov 14, 2023 | $-0.21 | $-0.23 | -9.5% | — | — |
| Aug 14, 2023 | $-0.19 | $-0.24 | -26.3% | — | — |
| May 15, 2023 | $-0.17 | $-0.23 | -35.3% | — | — |
| Mar 31, 2023 | $-0.19 | $-0.14 | +26.3% | $1000 | -100.0% |
| Nov 14, 2022 | — | $-0.18 | — | $4M | — |
| Aug 15, 2022 | — | $-0.00 | — | $7M | — |
| May 16, 2022 | — | $-0.00 | — | $2M | — |
ASTS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Wisniewski Scottofficer: President | Tax | 16,395 | $113.41 |
| Jun 16, 2026 | Wibergh Johandirector | Grant | 2,124 | — |
| Jun 16, 2026 | Cisneros Adrianadirector | Grant | 2,124 | — |
| Jun 16, 2026 | Torres Julio A.director | Grant | 2,124 | — |
| Jun 16, 2026 | RUBIN RONALD Ldirector | Grant | 2,124 | — |
| Jun 16, 2026 | SARNOFF RICHARDdirector | Grant | 2,124 | — |
| Jun 12, 2026 | Johnson Andrew Martindirector, officer: CFO and CLO | Sell | 45,809 | $93.81 |
| Jun 9, 2026 | Wibergh Johandirector | Tax | 208 | $93.60 |
| Jun 8, 2026 | Yao Huiwenofficer: Chief Technology Officer | Sell | 40,000 | $96.37 |
| Jun 2, 2026 | Avellan Abel Antoniodirector, officer: Chief Executive Officer | Tax | 32,754 | $113.41 |
| Jun 2, 2026 | Bernal Mayaofficer: Chief Accounting Officer | Tax | 2,621 | $113.41 |
| Jun 2, 2026 | Gupta Shanti B.officer: Chief Operating Officer | Tax | 21,275 | $113.41 |
| Jun 2, 2026 | Wisniewski Scottofficer: President | Tax | 16,377 | $113.41 |
| Jun 2, 2026 | Johnson Andrew Martindirector, officer: CFO and CLO | Tax | 16,377 | $113.41 |
| May 27, 2026 | Wisniewski Scottofficer: President | Sell | 25,904 | $126.64 |
Source: ASTS SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full ASTS insider & 13F page →ASTS research & analysis
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AST SpaceMobile, Inc. company profile
Overview
AST SpaceMobile, Inc. (NASDAQ:ASTS) is a pioneering space-based telecommunications company founded in 2017 and publicly traded since 2019. The company is developing the world's first space-based cellular broadband network designed to provide mobile connectivity directly to standard smartphones without requiring any modifications to existing devices. Headquartered in Midland, Texas, AST SpaceMobile represents a novel approach to solving global connectivity challenges by deploying large satellites equipped with massive phased-array antennas that can communicate directly with terrestrial mobile devices. The company has successfully launched its first commercial satellites and is rapidly scaling its constellation to provide continuous coverage across key markets.
Business
AST SpaceMobile operates in the emerging direct-to-device satellite communications industry, which aims to bridge the gap between traditional terrestrial cellular networks and satellite communications. The company's core offering is SpaceMobile, a space-based cellular broadband network that enables standard smartphones to connect directly to satellites when terrestrial cellular coverage is unavailable. The technology works by deploying large satellites equipped with massive phased-array antennas (up to 693 square feet) in low Earth orbit. These satellites essentially function as cellular towers in space, using the same spectrum frequencies as terrestrial networks but beaming signals from approximately 500 kilometers above Earth. This allows users to make voice calls, send text messages, and access broadband data services using their existing smartphones without any hardware modifications or special apps. The company operates through two primary business segments. The commercial segment focuses on partnerships with mobile network operators (MNOs) worldwide, where AST SpaceMobile provides supplemental coverage to extend these operators' networks into previously unreachable areas such as remote regions, maritime environments, and during natural disasters. The company has established partnerships with over 45 mobile network operators globally, representing access to more than 3 billion subscribers. The government segment provides specialized satellite communication services to U.S. government agencies and defense organizations, leveraging the same core technology for national security and emergency response applications. What makes AST SpaceMobile unique in the satellite communications landscape is its ability to provide full broadband services directly to unmodified consumer devices, whereas traditional satellite phones require specialized, expensive equipment. The company's satellites feature 10 gigahertz of processing capacity each and are designed to deliver 5G-level data speeds, with demonstrated capabilities of 40 Mbps during testing phases.
Competitive moat
AST SpaceMobile's competitive moat appears moderately strong but still developing, built primarily on technological differentiation and regulatory positioning. The company's most significant advantage lies in its extensive patent portfolio of over 3,100 patents and patent-pending claims covering direct-to-device satellite communications technology. This intellectual property protection, combined with the company's demonstrated ability to achieve broadband connectivity to unmodified smartphones, creates meaningful barriers to entry. The company's first-mover advantage in the direct-to-device satellite market provides strategic positioning, particularly as it has established partnerships with major mobile network operators before competitors have proven comparable capabilities. The technical complexity of deploying large phased-array antennas in space and achieving the precise coordination required for cellular-grade service represents a significant engineering barrier that competitors must overcome. However, the competitive landscape presents substantial challenges. SpaceX's Starlink has announced direct-to-device capabilities and possesses superior launch capabilities and financial resources. Traditional satellite operators like Iridium and Globalstar have established market presence, though with different technological approaches. The company also faces potential competition from terrestrial network expansion and other emerging satellite constellation operators. The strength of AST SpaceMobile's moat will ultimately depend on execution speed and regulatory success. The company's ability to rapidly deploy its constellation and secure favorable spectrum agreements will determine whether its technological lead translates into sustainable competitive advantages. The capital-intensive nature of the business also means that well-funded competitors could potentially replicate the technology given sufficient investment and time.
Risks & safety
AST SpaceMobile presents a moderate to high-risk investment profile with limited margin of safety due to its pre-revenue development stage and capital-intensive business model. **Cash Position and Burn Rate:** - Strong liquidity position with $873.8 million in cash and short-term investments as of Q1 2025 - High cash burn rate with free cash flow of -$149 million in Q1 2025 and -$300 million for full year 2024 - Current burn rate suggests approximately 18-24 months of runway at current spending levels - Minimal debt burden with debt-to-equity ratio of only 0.023 **Valuation Metrics:** - Trading at 6.6x book value, indicating significant premium to tangible assets - Negative EBITDA of -$47.5 million in Q1 2025 makes traditional valuation metrics challenging - Enterprise value reflects high growth expectations with limited current revenue ($718K in Q1 2025) **Other Considerations:** - Excellent current ratio of 10.6x indicates strong short-term liquidity - Substantial capital expenditure requirements ($150-175 million projected for Q1 2025 alone) - Regulatory approval risks and potential spectrum allocation challenges - Technology execution risk in scaling satellite manufacturing to 6 units per month - Competition from well-funded rivals with superior resources
Recent development
Over the past few years, AST SpaceMobile has achieved several critical milestones in transitioning from a development-stage company to operational deployment. The company successfully launched and deployed its first five commercial BlueBird satellites in 2024, marking the beginning of its commercial constellation. These satellites demonstrated the company's core technology capabilities, including successful voice calls and 5G data connectivity directly to unmodified smartphones. A major strategic development has been the acceleration of satellite manufacturing capabilities. The company expanded its vertically integrated manufacturing facilities across Texas, Spain, and Florida, targeting production of six satellites per month by the second half of 2025. This represents a significant scaling from prototype development to industrial production levels. The company has also made substantial progress in securing strategic partnerships and commercial agreements. Notable developments include definitive commercial agreements with AT&T through 2030, a joint venture with Vodafone for European market expansion, and strategic investments from major technology companies including Google. These partnerships provide both validation and potential access to over 3 billion mobile subscribers globally. On the technology front, AST SpaceMobile completed development of its proprietary ASIC chip, which promises 10-fold improvement in processing bandwidth compared to previous generations. This custom silicon is expected to be integrated into upcoming satellite launches and represents a key differentiator in the company's technology stack. The government business has emerged as a significant growth driver, with AST SpaceMobile securing multiple contracts including a $43 million agreement with the Space Development Agency. The company now holds six government contracts and sees potential for hundreds of millions in government services revenue over time. Looking forward, the company has secured launch capacity for over 60 satellites through partnerships with SpaceX, Blue Origin, and ISRO, with five orbital launches scheduled within the next 6-9 months. The strategic focus has shifted toward rapid constellation deployment to achieve continuous commercial coverage, with initial targets of 45-60 satellites for comprehensive service availability.
ASTS company profile · for informational purposes only — not investment advice.
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