Should you buy AST SpaceMobile stock? December 2023

See my website for more: https://www.3minutebreakdowns.com AST SpaceMobile stock analysis. Ticker: $ASTS AST Spacemobile is building out a network of satellites for mobile broadband. The total addressable market is estimated to be over 1 trillion dollars so if successful AST stock has huge upside ahead. It’s a tantalizing prospect. Unlike other satellite services, AST can connect directly to existing smartphones. The company has already connected 5G international calls via its BlueWalker 3 satellite and has signed partnerships with the likes of AT&T and Vodafone. And the company said its initial launch of 5 satellites is fully funded. And yet AST is one of the most-shorted stocks in the market with a short float of 23%. And there are some obvious reasons for caution. The first is valuation. AST closed Q3 with about 90 million shares outstanding. But the publicly-traded company, AST SpaceMobile, only owns about 41% of the operating business, AST LLC. The remainder belongs to investors who control units in AST LLC; those investors will, over time, gradually convert their units into the common stock. So while some data sources report AST having a market cap around $500 million, in fact the equity value of the entire business is well past $1 billion. #investing #stocks #astsstock #3mb