AST SpaceMobile, Inc.
- Open
- 62.98
- Day high
- 63.95
- Day low
- 61.07
- Prev close
- 62.40
- Volume
- 7.7M
- Mkt cap
- $18.6B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 9.8
- P/S
- 161.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$7.5M over the last 3 months (3 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
AST SpaceMobile, Inc. (ASTS) is a Technology company listed on NASDAQ. The stock is up 48% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 2 sales (SEC Form 4). Drillr has 5 published research articles covering ASTS.
AST SpaceMobile, Inc. (ASTS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 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 |
|---|---|---|---|---|---|
| Aug 10, 2026 | $-0.32 | $-0.44 | -39.7% | $32M | -8.7% |
| 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% | — | — |
| Nov 14, 2022 | — | $-0.18 | — | $4M | — |
| Aug 15, 2022 | — | $-0.00 | — | $7M | — |
ASTS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 1, 2026 | Cisneros Adrianadirector | Buy | 670 | $58.87 |
| Sep 1, 2026 | Cisneros Adrianadirector | Buy | 1,384 | $57.79 |
| Sep 1, 2026 | Cisneros Adrianadirector | Buy | 8,768 | $57.00 |
| Aug 19, 2026 | Johnson Andrew Martindirector, officer: CFO and CLO | Grant | 75,000 | — |
| Aug 19, 2026 | Gupta Shanti B.officer: Chief Operating Officer | Grant | 75,000 | — |
| Aug 19, 2026 | Wisniewski Scottofficer: President | Grant | 75,000 | — |
| Aug 19, 2026 | Turco Christopher Edwardofficer: EVP and Chief of Staff | Grant | 200,000 | — |
| Aug 19, 2026 | Avellan Abel Antoniodirector, 10 percent owner, officer: Chief Executive Officer | Grant | 150,000 | — |
| Aug 19, 2026 | Bernal Mayaofficer: Chief Accounting Officer | Grant | 20,000 | — |
| Aug 18, 2026 | Wisniewski Scottofficer: President | Tax | 12,297 | $70.98 |
| Aug 18, 2026 | Gupta Shanti B.officer: Chief Operating Officer | Tax | 12,767 | $70.98 |
| Aug 18, 2026 | Johnson Andrew Martindirector, officer: CFO and CLO | Tax | 9,838 | $70.98 |
| Aug 18, 2026 | Johnson Andrew Martindirector, officer: CFO and CLO | Tax | 12,297 | $70.98 |
| Aug 18, 2026 | Bernal Mayaofficer: Chief Accounting Officer | Tax | 2,919 | $70.98 |
| Aug 18, 2026 | Wisniewski Scottofficer: President | Tax | 9,838 | $70.98 |
Source: ASTS SEC Form 4 filings, latest Sep 1, 2026. For informational purposes only — not investment advice.
See the full ASTS insider & 13F page →ASTS research & analysis
[ASTS] AST SpaceMobile Builds Direct-to-Cellular Satellite Network Through Constellation Deployment
AST SpaceMobile, Inc. is a Midland, Texas-headquartered satellite communications company building a space-based cellular broadband network, a satellite constellation designed to provide cellular broadband connectivity directly to standard, unmodified mobile phones without the need for specialized satellite-communication hardware, with the founding-cycle thesis that a satellite network capable of connecting directly to ordinary mobile phones could address the global gap in terrestrial cellular coverage. The business is designed to operate in partnership with terrestrial mobile network operators, providing a complementary space-based layer of coverage rather than competing directly with the terrestrial networks. On selected various aggregate disclosure, the fiscal 2025 financial profile reflects a pre-scale revenue base characteristic of a company in the network-deployment phase, an operating profile reflecting the substantial investment in the satellite constellation and ground infrastructure, and a balance-sheet position reflecting the capital requirements of a constellation buildout. The satellite direct-to-cellular broadband network operator core franchise defines the opportunity, supported by the direct-to-cellular technology connecting to standard unmodified mobile phones as the central differentiating feature, by the mobile-network-operator partnership model providing a route to market through terrestrial carriers, and by the large addressable market represented by the global gap in terrestrial cellular coverage and the continuity-of-service use case. The multi-cycle satellite constellation deployment combined with the commercial service launch drives the multi-year trajectory, with the constellation deployment reflecting the multi-year process of manufacturing, launching, and deploying the satellite constellation that determines the network coverage and capacity, and the commercial service launch reflecting the multi-year transition from the network-deployment phase toward a commercially-operating, revenue-generating network as the central value-realization milestone. Capital structure reflects the substantial capital requirements of the constellation buildout, and a capital allocation framework focused on funding the satellite manufacturing, launch, and network deployment. The bull case anchors on the differentiated direct-to-cellular technology, the mobile-network-operator partnerships, and the large addressable market; the bear case anchors on the constellation-deployment execution risk, the substantial capital requirements, and the pre-scale, pre-profitability nature of the business.
Satellite Communications Gains Sovereign Capital for Half of Satellite Costs
AST SpaceMobile's Japanese GLEO award brings up to about $1 billion of non-dilutive, non-debt government capital, covering roughly half the cost of those satellites.
4755.TBKSYGILTASTS, IRDM: SpaceX's 100GW Space Datacenter Goal Reprices
SpaceX S-1 commits 100GW orbital compute target. Semianalysis flags late 2030s timeline. ASTS at 86x P/S vs IRDM at 5.9x — two clean equity proxies.
IRDMAMZN: $11.6B Kuiper Capex Targets Starlink LEO
Amazon's $11.6B Kuiper investment highlights the LEO satellite spending boom, benefiting launchers like RKLB and builders like ASTS while pressuring VSAT. We rank six plays by exposure and valuation, favoring pure-plays amid $100B+ capex wave.
AMZNRKLBLHXSatellite Broadband Rules Eased: 6 Space Stocks Poised to Win — ASTS, RKLB, BA & More
US regulators' plan to ease power limits on space-based broadband, per Reuters April 8, boosts satellite internet viability. AST SpaceMobile, Rocket Lab, Planet Labs, Boeing, Lockheed Martin, and Northrop Grumman emerge as top US-listed winners, ranked by growth and valuation in the SpaceX-fueled economy.
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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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