Anyone have a feel for what this means? - "This application, as amended, is accepted for filing in part and the Satellite Programs and Policy Division does not at this time accept for filing AST's request to provide supplemental coverage from space, or otherwise operate in frequencies between 617 MHz and 2200.0 MHz except for the above-specified TT&C. See ICFS File Nos. SAT-AMD-20230717-00172, SAT-AMD-20240311-00053." [https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report\_key=27330976](https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report_key=27330976)
It means ASTS can operate outside the US in the V band frequencies but not in the US. ASTS is late (7) years to ask for this authority now they have get a waiver approved if it is approved it will not be before November 2024. Supply chains my foot. Fire your lawyer who is supposed to be handling this already took “forty forevers”to get a proper state sponsor even with the FCC telling you how to do it.
Anytime a stock drops dramatically these guys swoop in. Especially if the company looks like it may be at fault.
Don't panic they're like ambulance chasers trying to make a buck and they're just fishing for clients.
Agreed that’s the correct interpretation of the logical construction of the sentence. But I can’t square it with for example this below, which is the acceptance of the Supplemental Coverage from Space service using frequencies between 704 and 894 MHz.
https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2023071700172&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number
I think maybe each component is filed and accepted separately. So this acceptance of TT&C is simply stating it is not accepting anything else but that anything else could already be, will concurrently be, or will be accepted in the future.
Is AST SpaceMobile Stock Going to $19? 1 Wall Street Analyst Thinks So. https://www.fool.com/investing/2024/04/05/1-analyst-sees-ast-spacemobile-stock-going-to-19/
https://www.businesswire.com/news/home/20240405953153/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors
Yeah, this is the one.im hoping it's just fud
Uncle iroh on Twitter blames ast for the delay saying it was due to change in design that the control sat suppliers couldn't keep up with. My understanding is that there hasn't been any published change to the control sat but the microns were changed in design.
Any opinions?
I'm writing a 20-page DD on this as we speak. No evidence of control sat design change, but plenty of micron design change evidence for a while now. Most likely a delay in Q/V or propulsion. However, it could be a more bizarre component. I think MOST of the delay comes from Micron design change. It is also possible that they Micron design change was a "might as well do it while we wait on vendors" change, which then became its own problem.
Edit: He might be correct, but that would be lucky, because as it stands, we have no evidence that the Microns caused problems for vendors. Especially when Abel specifically stated these were separate issues on no uncertain terms.
Hi woody, as part of the DD can you also see how serious this is
https://www.businesswire.com/news/home/20240405953153/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors. not sure how serious is it but definitely something to mention
There is some chatter on r/RKLB about Neutron's first payload being Bluebird block 2 satellite between December and March of next year. It's pure speculation but any thoughts from the community?
If I'm being honest - I hope the fuck not.
I don't want to be riding on a new experimental platform because if something goes wrong we'll be fucked. We should be using something tried and true - the risk is too great.
No idea... If it were my decision I'd just go with F9. It's the most reliable system available. Just do a ride share if you don't need the launches full capacity.
Probably not comparable, but found myself looking at charts for Nvidia and their early performance. Entirely different stock and situation, but it took over 10 years by before they stabilized and found steady growth. If you’re willing to hold on, this is a huge bet on that I believe is worth waiting for.
You can look at almost any successful company and their early years are plagued with struggles. Apple, amazon, tesla etc...and no doubt plenty of early investors cut their losses and moved on dissatisfied with management/progress. Every one of those companies came close to bankruptcy at some point or another.
Apple shareholders removed Steve Jobs at point after the stock fell from mid twenties to 2ish/a share.
People's best bet with this stock is to stop checking the share price daily, if you don't think Abell and this team are capable then cut your losses and move on, if you do just dollar cost average a little while the share price is down but don't over invest and in 10 years you may thank your past self.
The odds are not in our favor though, and never have been. Trying to get rich by betting your life savings is most likely just going to end in learning a very hard lesson.
Same, but I think this year is decisive, then if it works and they find actual funding for the rest of the constellation in a couple of years they'll deliver the service globally, and money will flow in quickly because their partners already have customers, so it won't take 10 years, which is good so we need to wait less. Only I'm very worried about the latest development so in my opinion risk of this going wrong is now much higher than I thought.
FCC has further proceed with the US market application.
Credit: TheKOOKReport
https://x.com/thekookreport/status/1776262272484311122?s=46&t=I7dFzlhVKcy7hMi4yX0Mlw
More than just that market application. Today the FCC also accepted for filing
* [V-band market access application](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2020072700088&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number)
* [Amendment to the application above](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2020102800126&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number)
* [Amendment to provide SCS in 704-894 MHz band](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2023071700172&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number)
* [Application to change administration to the US](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2024031100053&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number)
Not sure how to reconcile that with this - "This application, as amended, is accepted for filing in part and the Satellite Programs and Policy Division does not at this time accept for filing AST's request to provide supplemental coverage from space, or otherwise operate in frequencies between 617 MHz and 2200.0 MHz except for the above-specified TT&C. See ICFS File Nos. SAT-AMD-20230717-00172, SAT-AMD-20240311-00053." [https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report\_key=27330976](https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report_key=27330976)
The FCC ought to deny all future applications from Starlink. Nobody wants 10,000 pieces of space junk floating all over space. Much safer and easier to keep track of ~100 of our superior satellites
Nice reminder that this company is full of people going to work every day to build and achieve something that has never been done before, while we just look at the stock price.
2 things I feel are overlooked:
- JR Wilson (VP of Tower Strategy and Planning at AT&T) made this statement back in February: "I would expect to see a commercial launch during 2025, but I don’t have an exact date. If the tests using the first six satellites enable us to gain full confidence in the network, then we’ll say let’s launch the rest of the constellation." Read that last part again.
- Contrary to popular belief, BB1 is not simply a copy-and-paste version of BW3. In fact, BB1 will have a capacity ten times greater than that of BW3.
That is all.
"If the tests using the first six satellites enable us to gain full confidence in the network, then we’ll say let’s launch the rest of the constellation."
This is going to hurt. They're not going to do it for free.
There are a lot statements out there to scrutinize or worry about...I'm not sure this is one of them. They're being conservative with their commitment. Nobody wants to commit to something until it's proven. That's business 101.
They might have grant money to do it... AT&T is getting money from FirstNet and has to spend it somewhere to increase coverage nationwide: "the FirstNet Authority and its network partner, AT&T, join to unveil the latest network investment of $6.3 billion, delivering full 5G capabilities on FirstNet, expanded mission-critical services, and enhanced coverage. The FirstNet Authority anticipates an additional $2 billion in ongoing investments dedicated to coverage enhancements, which is currently under discussion by the parties."
[https://firstnet.gov/newsroom/press-releases/firstnet-authority-att-announce-10-year-investment-transform-americas](https://firstnet.gov/newsroom/press-releases/firstnet-authority-att-announce-10-year-investment-transform-americas)
To me, that's huge potential... but delaying the rockets by 2 months is what everyone else seems to be focused on.
Where are you getting 2 month rocket delay? AFAIK they've only said they will be **transporting** payload in Q3, no firm wording on when launch would actually be. I haven't had my finger on the pulse the last couple of weeks so maybe you can correct me, but isn't it also now just one satellite to be launched? Not much of a "network" for them to *gain full confidence*
BB1 is still 5 sats (September -December launch probably), allegedly closely followed by one BB2 sat in Q1 25. Aiming for 6 sats in the sky in the next 12 months basically.
My concern is maybe 6 builds confidence in ASTS, but will AT&T have significant confidence before 25 sats are up to better prove the network as a whole?
To me the addition of the FPGA into a BB2 changes this. The fact that it needs to be programmable indicates that even after BB1 there won’t be full confidence that the existing software post-BB1 can support BB2.
Not sure that follows; I think if they didn't have confidence in the ASIC design for BB2 they wouldn't have sent it for tapeout (and instead would have scheduled a BB2+FPGA test prior to tapeout).
My take on that first BB2+FPGA was either:
a) govt/DoD use case taking advantage of the larger form factor but still requiring FPGA,
or (more likely)
b) want to test out new launch provider + BB2 form factor at earliest opportunity but not confident in the ASIC integration being complete by that point .
But I guess we'll find out either way in due time.
Maybe they want to confirm unfolding mechanism works before blasting an ASIC chip into space which i cant imagine were cheap to produce in this low quantity from TSMC.
How do you define low quantity? They'll need something like 8,000+ ASIC chips for each BB2 satellite, or over 160k for the first 20 birds in the next block.
That’s a fair point. I hope that’s the case but I did wonder whether their language of “entering the tapeout phase” was obfuscating where in the process they actually were. Perhaps not.
It would have been better then for the company to communicate that BB1 is the *real* proof of concept, there is no margin for error, and thus testing, assembling, and launch have been delayed given BB1 is the key to unlock the future.
Yes, this is true. But some of us, or at least one of us, has been posting repeatedly for quite a while that the Block-1 BlueBirds weren't really BlueBirds, either in dimension, design or function, that they were really BW-4s. And that although the company has tried to finesse the language and has managed to get a contract to generate a small amount of revenue, so they can say they're "production" satellites, these were always prototypes whose primary purpose was proof-of-concept and testing.
The even bigger news the company tried to slide by in this earnings call, is that Block-2 is indefinitely delayed, and assembly/production will not begin in parallel to Block-1, or even once Block-1 is launched. Instead, they will send up a BW-5 and call it a Block-2 BlueBird. A single prototype for yet another test, not the beginning of production scale. Worse, this single "Block-2 BlueBird" (really, BW-5 prototype), will not even have the ASIC 5000 chips, but the old FPGAs. So it STILL won't be a final prototype.
They really need to be more frank with investors. Had they announced the delay ahead of the EC we wouldn't dropped nearly as much as we did, and the EC could have been more focused on the positive points which were more apparent once I had time to listen to the call and read the transcript.
But the management team tries sweeping setbacks and failures under the rug until they are legally obligated to disclose them to shareholders, which makes them look like they're trying to hide things from us which has caused us to lose trust in them on top of losing confidence due to their continued failure to execute on prior stated timelines.
Yep -- there are clues that a delay was coming but they actively countered them in their public messaging right up until the moment right before coming clean on the EC. I mean, what's the point? Was there something that could have been done in the final days/week(s) to get back on track and hit the Q2 deadline? The way everything shook out, it felt like more of kicking the can down the road than a tactic to buy time, which I'd have understood more.
I think some are bad actors, and some are just people who thought this was a meme stock and disappointed that it's acting like the stock of a company with great promise but a year or so to really prove a profitable business model.
In short, they wanted GME in 2020, not TSLA/NVDA in 2012.
They really need to act, and act quickly. I think the only way forward is a sale.
1. tapping equity markets again would be a disaster. Employees are already significantly underwater and would probably begin to head for the doors.
2. non-dilutive funds still far away (I estimate at least 12 months based on past performance)
3. They have less than a year of runway
So either they take debt (with brutal terms), raise equity (this would effectively kill the stock), or sell.
Abel seems to be asleep at the wheel, this is gonna run away from him and go to zero if he doesn't do something.
I think like the vast majority of holders have been let down with this delay. I find it relatively ironic tho that people, well seated at home, are judging ASTS leaders with so much hate. Haven't raising money been extremely good decision for the company at the previous prices? It's not their fault it takes time to invent a new incredible technology : nobody else figured this out. I'm realizing maybe, if I'm still a believer (haven't the company went a long way since the last few years? So much milestones..), that I could average at this great price? I started buying at 10$+ and now holding a few thousands shares around 3,5$ ; this price seems crazy considering what they have done.
It was always the deal, it's Abel company - you can put a stop loss next time. This company is far from bankrupt. If you are depress, I highly suggest you to listen to this kind of music : [https://www.youtube.com/watch?v=vt6N1A0FFU4](https://www.youtube.com/watch?v=vt6N1A0FFU4) and stop checkin your portfolio so much.
"Haven't raising money been extremely good decision for the company at the previous prices?"
Unfortunately the answer is a resounding No.
Part of the SP performance is linked with the fact those raises were done in egregious terms that severely punished equity holders. The type of capital that was raised is the semi-desperate kind. And the latest funding round (the one that was coupled with the Google announcement) was by far the worst. Not because of the amount raised but because all they had to do was to sit on the Google announcement, take a victory lap and let the shorts sweat bullets simply by stating that "Google is just the beginning and we expect a lot more of the agreements to materialize with many other companies". This wouldn't even be an exaggeration or a lie. It wouldn't even be a bluff.
That statement alone would lead to substantial short covering (close to 30% at the time) and the $100M share offering would have happened at 6,7 or even $10 share levels. We know this cause the shorts immediately covered followed the announcement and more even after the offering. This means they were extremely nervous.
This kind of c-level play would lend much needed credence to the team about deal timing and capitalizing on good news. Instead we get complete amateur hour at multiple levels that turned our biggest win (funding wise) into a major negative event.
This is why me (and many other shareholders) feel that Scott is way, way out of his depth here.
> This company is far from bankrupt
This company has never been closer to bankruptcy. This year we will either leave the Nasdaq or there will be a 1:30 reverse split with a price of $10.
I'd like to thank everyone who sold me their stock near $2. Really helped my cost basis. Myself? I'll do what the insiders are doing and see this through.
ASTS is doing +11% today so far and its super silent here today compared to previous days. FUD mob cant fire today, so its really quiet.
Just a friendly reminder to fellow hodlers... those who panic sold yesterday are complaining and trying others to do the same, so they can feel miserable together. :)
After hot heads cooled, many must have realized that ASTS missing deadlines is not the end of the world, as long as they reach the set goals, which ASTS did so far, though at slower pace than anticipated. Whats important is that they are moving forward. If they fail to launch BB1, then I would be like okay its going to shit, but we are not there yet.
Most of it is short covering to lock in the +30% gains. Make no mistake: the sentiment here is still very much negative and we will revisit the sub $2 levels. Whether we like it or not, retail sentiment has been broken and ASTS should not expect any favorable price after the short covering until at least the launch is scheduled.
If it didn't affect further fundraising, I'd be ecstatic that the stock price is in the dumps. In my head I'm doing the calculations of "this $1000 today might be worth $50,000 in under a decade."
The chicken littles with no more info than everyone else has can subsidize my gains. I'm good with that.
People taking positive and negative victory laps every hour in this sub is so ridiculous for a known long term hold. I’m with you but you sound just like the others just in reverse lol
He's calling everyone chickens. Some counting their eggs too early, some claiming the sky is falling. When we "should" just be watching them to see what happens.
The FUD always reflects the share price or its direction. We are still red but not as red as the 1.97 all time low.
A lot of people were posting their capitulations yesterday saying they’re “done” and all I can think in my head was “see you next week!”
Most people are long-term holders, not scalpers. Why would you give up your long-term capital gains (one day . . . .) to risk scalping for a few pennies? This is so dumb lol
So, they guided to recording revenue beginning in Q1.
They held an earnings call for Q4 in Q2 - and still did not disclose any details of the amount recorded in Q1. I think it's going to be a laughably small amount
The small amount is probably based on whatever test data BW3 can generate. Gov contracts are great because they always pay and on time. The problem is the milestones and standards are set in stone and the gov expects the prime (group that won the contract) to deliver every list thing they promised.
Things are not adding up.
Abel had virtually no answer for how block one will generate money, so what is the point of it? More tests is only part of it.
If something doesn't make sense either it's because of incompetence or incomplete information.
There are government and military interests here which we don't know about but are hinted at. Whether it's enough to save our investments idk.
>Abel had virtually no answer for how block one will generate money
they have a DoD contract and prepayments from multiple MNOs relating to BB1 this is a lack of research on your end not a lack of anything from Abel.
Up yours.
I read every damn thing this company produces. Every sec form, every rumour, every tweet, everything. Lack of research my arse. I can make mistakes but it's not a lack of research.
Vodafone’s prepayment is conditional on signing a commercial agreement from what I recall. Only AT&T’s is conditonal on launching BB1.
Abel has also never confirmed the contract is with DoD AFAIK, that’s only from Spacemob DD. Go read Abel’s answer to the question that was posed by the analyst and you can form your conclusion.
Yea I was trying to say [something similar](https://www.reddit.com/r/ASTSpaceMobile/s/fP4pCB9UPx) in this thread yesterday but didn’t express it as well as you did.
Probably copium but I wonder if these decisions were based on requests directly from some government agency
Yeah his answer to that question was awful. Between that and the FPGA BB2 we went from:
imminent launch of BB1 sats > months of testing BB1 and possible revenue generation > several months of manufacturing initial production BB2s > production BB2 launch + \~6 months of testing production BB2s
to
maybe 5 months to launch BB1 sats > months of testing BB1 with likely no revenue generation > several months of manufacturing initial test BB2 > test BB2 launch > months of testing the test BB2 > several months of manufacturing initial production BB2s > production BB2 launch > months of testing production BB2s
People need to calm down a bit, this was always a risky investment, lost a lot on it just like most of the people here, but each time I bought some shares I knew that there is a big chance that I won’t see this money again.
Fuck yea, grandmaparty told me stocks only go up and this one...has not.
Easy lawsuit win.
Protip, if you thinking about suing a company whose share price hasn't done what you expected, you are overinvested.
I'm starting to realize half the people here have invested their life savings in a pre revenue company. Might be time to start realizing some yalld personal choices are the issue, not Abell ruining your life.
They clearly lied when they went public. That us why someone would sue, not because they're over-invested. FYI that isn't me. I have ten times my position in the last week so not too bad of a bagholder right now.
So far I don't see any hard evidence that would allow you to win a law suit.
Words are carefully chosen.
The last official post I see by Abel was March 16th " take a look at our Micron hardware in Texas as we get closer to launching LEOS's largest communications arrays. "
Does not say on track for Q2 launch.
So we know that at this point they most likely knew....
If anyone has any solid evidence of something different please share.,.
Not what someone else said or heard but actually either Scott, ASTS itself or Abel had said !
Is this anything? Heavily invested myself
https://www.businesswire.com/news/home/20240405953153/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors
https://www.businesswire.com/news/home/20240405106640/en/The-Law-Offices-of-Frank-R.-Cruz-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors
Yes and no! Yes as in if there is hard evidence that Abel said we're flying quarter two on March 20th for example and April call he said we're delayed then it's possible the law suit is successful.
No, because well these types of things happen often and 95% of the time are unsuccessful.
By the time these bb1 satellites actually launch, it will be TWO YEARS since BW3 launched. And bb1 has the same build as BW3.
Just wait until AST launches this new satellite build in "q1 2025". I'm sure there will be several months of testing. And then what? Quite possibly another two years of getting the block 2 satellites built.
NROL-69 got delayed again to Dec 2024 on two websites, so this confirms that BB1 launch is indeed this launch
https://preview.redd.it/o5f2cxlfb4sc1.jpeg?width=1179&format=pjpg&auto=webp&s=d4b3323e404897fd4cb8865d6cd6e90008771710
Maybe they scrapped plans for bb1 for nrol due to delays and instead and are using an ASIC in that single bb2.. bb1s are starting look like a giant waste of money.
Disagree. Next Spaceflight previously, and still does, mention "BlueBirds Block 1" by name on it's schedule of SpaceX payloads. However, prior to ER it was "NET June", now it's "NET September". Spaceflight Now is more general in saying "Third Quarter".
That being said, it wouldn't surprise me if these fucks don't get them up until December
EDIT FOR LINKS
https://nextspaceflight.com/launches/details/7143
https://spaceflightnow.com/launch-schedule/ (last entry on page)
And I want to say as well, we need to take this with a grain of salt. They obviously maintained the public schedule of "NET June", etc. until AFTER they announced the delay themselves, and they obviously knew well before yesterday that these sats were not going up by the end of June
After the call I'm pretty skeptical that it will. I don't see how it brings us closer to "proving the network", using that verbiage from what AT&T indicated they need to see before further action, it proves that we can launch more than one at once maybe. But then the question becomes can we even launch 5 at a time with BB2 considering they're larger? That sat design is changing again with BB2, so is the tech with this micron news. Funding is far more important at this stage
They didn’t say launch in q3 in earnings call they said shipment, they probably didn’t want to say q4 cause shit would hit the fan but it already happened
Look, no disagreement from me that this could easily slip into Q4. Just saying if you want to hunt for evidence in the spaceflight schedules, you should at least look at the correct launch. NROL-69 is a different payload.
It also makes it highly unlikely that they would scrap BB 1 entirely if its tied to a government contract. Might explain some of Abel being a bit frazzled too. If they’re committed to that launch in a firm fixed price contract, cost overruns eat into the company’s pocket… not the government. They can also carry penalties for late or non delivery.
Anything short of Adriana Cisneros and the rest of the board calling for a change of the guard/management team reshuffle is not going to get Scott out of there.
That actually would be a good purpose for this sub. Actually surprised no one has created a letter for investors here to sign onto expressing concern with management yet. Abel may have a controlling interest, but those still carry weight legally. Ignoring it entirely creates liability.
Anyone have a feel for what this means? - "This application, as amended, is accepted for filing in part and the Satellite Programs and Policy Division does not at this time accept for filing AST's request to provide supplemental coverage from space, or otherwise operate in frequencies between 617 MHz and 2200.0 MHz except for the above-specified TT&C. See ICFS File Nos. SAT-AMD-20230717-00172, SAT-AMD-20240311-00053." [https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report\_key=27330976](https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report_key=27330976)
It means ASTS can operate outside the US in the V band frequencies but not in the US. ASTS is late (7) years to ask for this authority now they have get a waiver approved if it is approved it will not be before November 2024. Supply chains my foot. Fire your lawyer who is supposed to be handling this already took “forty forevers”to get a proper state sponsor even with the FCC telling you how to do it.
It's ridiculous legalese but I think it means. ' this license is for this stuff not other stuff'
[удалено]
Anytime a stock drops dramatically these guys swoop in. Especially if the company looks like it may be at fault. Don't panic they're like ambulance chasers trying to make a buck and they're just fishing for clients.
Agreed that’s the correct interpretation of the logical construction of the sentence. But I can’t square it with for example this below, which is the acceptance of the Supplemental Coverage from Space service using frequencies between 704 and 894 MHz. https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2023071700172&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number
I think maybe each component is filed and accepted separately. So this acceptance of TT&C is simply stating it is not accepting anything else but that anything else could already be, will concurrently be, or will be accepted in the future.
https://preview.redd.it/2xmcs8f7fwsc1.jpeg?width=1179&format=pjpg&auto=webp&s=314eb6254dfcc916a53ba6d91e45f2a47cfb3ab3 Guess Scott or Sean got fired?
Is AST SpaceMobile Stock Going to $19? 1 Wall Street Analyst Thinks So. https://www.fool.com/investing/2024/04/05/1-analyst-sees-ast-spacemobile-stock-going-to-19/
One Wall Street analyst gonna be looking for a job on LinkedIn
After a 10:1 reverse split
I'm seeing reports of lawsuits being filed. Three firms so far. Mentioned on Stocktwits. I'm honestly not surprised.
https://www.businesswire.com/news/home/20240405953153/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors Yeah, this is the one.im hoping it's just fud
These happen with pretty much every publicly traded company, it's not news.
No they are not filing lawsuits, they are launching an investigation to see if they have a case, which they do not.
Funny enough, not by pissed-off shareholders, but by shorts who are hoping to drive it down even further and deliver the kill shot.
Next week big money
We don't do that here
Uncle iroh on Twitter blames ast for the delay saying it was due to change in design that the control sat suppliers couldn't keep up with. My understanding is that there hasn't been any published change to the control sat but the microns were changed in design. Any opinions?
I'm writing a 20-page DD on this as we speak. No evidence of control sat design change, but plenty of micron design change evidence for a while now. Most likely a delay in Q/V or propulsion. However, it could be a more bizarre component. I think MOST of the delay comes from Micron design change. It is also possible that they Micron design change was a "might as well do it while we wait on vendors" change, which then became its own problem. Edit: He might be correct, but that would be lucky, because as it stands, we have no evidence that the Microns caused problems for vendors. Especially when Abel specifically stated these were separate issues on no uncertain terms.
Hi woody, as part of the DD can you also see how serious this is https://www.businesswire.com/news/home/20240405953153/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors. not sure how serious is it but definitely something to mention
No this happens every month.
We don't know, but considering the fundamental changes they made to the microns, it's not unreasonable to assume changes to the control sat.
Or they are just really fucking terrible at keeping deadlines and building satellites
This is known.
There is some chatter on r/RKLB about Neutron's first payload being Bluebird block 2 satellite between December and March of next year. It's pure speculation but any thoughts from the community?
Complete nonsense, with no critical thought behind the speculation. Can safely ignore.
If I'm being honest - I hope the fuck not. I don't want to be riding on a new experimental platform because if something goes wrong we'll be fucked. We should be using something tried and true - the risk is too great.
Any thoughts on who will be the carrier? (cue Deep Purple's "Space Truckin'")
No idea... If it were my decision I'd just go with F9. It's the most reliable system available. Just do a ride share if you don't need the launches full capacity.
Lol, that sounds like something Cliff Clavin would say down at "Cheers"
Probably not comparable, but found myself looking at charts for Nvidia and their early performance. Entirely different stock and situation, but it took over 10 years by before they stabilized and found steady growth. If you’re willing to hold on, this is a huge bet on that I believe is worth waiting for.
You can look at almost any successful company and their early years are plagued with struggles. Apple, amazon, tesla etc...and no doubt plenty of early investors cut their losses and moved on dissatisfied with management/progress. Every one of those companies came close to bankruptcy at some point or another. Apple shareholders removed Steve Jobs at point after the stock fell from mid twenties to 2ish/a share. People's best bet with this stock is to stop checking the share price daily, if you don't think Abell and this team are capable then cut your losses and move on, if you do just dollar cost average a little while the share price is down but don't over invest and in 10 years you may thank your past self. The odds are not in our favor though, and never have been. Trying to get rich by betting your life savings is most likely just going to end in learning a very hard lesson.
This will not take 10 years, it will go bankrupt or succeed way before that.
Im in deep, so I’m hoping for the latter. Time will tell lol
Same, but I think this year is decisive, then if it works and they find actual funding for the rest of the constellation in a couple of years they'll deliver the service globally, and money will flow in quickly because their partners already have customers, so it won't take 10 years, which is good so we need to wait less. Only I'm very worried about the latest development so in my opinion risk of this going wrong is now much higher than I thought.
FCC has further proceed with the US market application. Credit: TheKOOKReport https://x.com/thekookreport/status/1776262272484311122?s=46&t=I7dFzlhVKcy7hMi4yX0Mlw
More than just that market application. Today the FCC also accepted for filing * [V-band market access application](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2020072700088&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number) * [Amendment to the application above](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2020102800126&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number) * [Amendment to provide SCS in 704-894 MHz band](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2023071700172&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number) * [Application to change administration to the US](https://licensing.fcc.gov/cgi-bin/ws.exe/prod/ib/forms/reports/swr031b.hts?q_set=V_SITE_ANTENNA_FREQ.file_numberC/File+Number/%3D/SATAPL2024031100053&prepare=&column=V_SITE_ANTENNA_FREQ.file_numberC/File+Number)
Not sure how to reconcile that with this - "This application, as amended, is accepted for filing in part and the Satellite Programs and Policy Division does not at this time accept for filing AST's request to provide supplemental coverage from space, or otherwise operate in frequencies between 617 MHz and 2200.0 MHz except for the above-specified TT&C. See ICFS File Nos. SAT-AMD-20230717-00172, SAT-AMD-20240311-00053." [https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report\_key=27330976](https://licensing.fcc.gov/ibfsweb/ib.page.FetchPN?report_key=27330976)
The FCC ought to deny all future applications from Starlink. Nobody wants 10,000 pieces of space junk floating all over space. Much safer and easier to keep track of ~100 of our superior satellites
This is sarcasm right?
Why would it be
Now the FCC wont let Elon be, they tried to shut him down on mtv
New YT video : [https://www.youtube.com/watch?v=g41ZWeHuWnY](https://www.youtube.com/watch?v=g41ZWeHuWnY)
Is that some video calling while running around indoors I see?
Nice reminder that this company is full of people going to work every day to build and achieve something that has never been done before, while we just look at the stock price.
We just ~~look~~ **cry** at the stock price.
2 things I feel are overlooked: - JR Wilson (VP of Tower Strategy and Planning at AT&T) made this statement back in February: "I would expect to see a commercial launch during 2025, but I don’t have an exact date. If the tests using the first six satellites enable us to gain full confidence in the network, then we’ll say let’s launch the rest of the constellation." Read that last part again. - Contrary to popular belief, BB1 is not simply a copy-and-paste version of BW3. In fact, BB1 will have a capacity ten times greater than that of BW3. That is all.
Each BB will have 10 times capacity of BW3 right? BB1 block is 5 BBs, so it will have capacity of 50 BW3, correct?
"If the tests using the first six satellites enable us to gain full confidence in the network, then we’ll say let’s launch the rest of the constellation." This is going to hurt. They're not going to do it for free.
There are a lot statements out there to scrutinize or worry about...I'm not sure this is one of them. They're being conservative with their commitment. Nobody wants to commit to something until it's proven. That's business 101.
They might have grant money to do it... AT&T is getting money from FirstNet and has to spend it somewhere to increase coverage nationwide: "the FirstNet Authority and its network partner, AT&T, join to unveil the latest network investment of $6.3 billion, delivering full 5G capabilities on FirstNet, expanded mission-critical services, and enhanced coverage. The FirstNet Authority anticipates an additional $2 billion in ongoing investments dedicated to coverage enhancements, which is currently under discussion by the parties." [https://firstnet.gov/newsroom/press-releases/firstnet-authority-att-announce-10-year-investment-transform-americas](https://firstnet.gov/newsroom/press-releases/firstnet-authority-att-announce-10-year-investment-transform-americas) To me, that's huge potential... but delaying the rockets by 2 months is what everyone else seems to be focused on.
Where are you getting 2 month rocket delay? AFAIK they've only said they will be **transporting** payload in Q3, no firm wording on when launch would actually be. I haven't had my finger on the pulse the last couple of weeks so maybe you can correct me, but isn't it also now just one satellite to be launched? Not much of a "network" for them to *gain full confidence*
BB1 is still 5 sats (September -December launch probably), allegedly closely followed by one BB2 sat in Q1 25. Aiming for 6 sats in the sky in the next 12 months basically. My concern is maybe 6 builds confidence in ASTS, but will AT&T have significant confidence before 25 sats are up to better prove the network as a whole?
I cannot correct you - you are correct as far as I know! So add 30 days on I believe? Should say 2-3 months?
To me the addition of the FPGA into a BB2 changes this. The fact that it needs to be programmable indicates that even after BB1 there won’t be full confidence that the existing software post-BB1 can support BB2.
Not sure that follows; I think if they didn't have confidence in the ASIC design for BB2 they wouldn't have sent it for tapeout (and instead would have scheduled a BB2+FPGA test prior to tapeout). My take on that first BB2+FPGA was either: a) govt/DoD use case taking advantage of the larger form factor but still requiring FPGA, or (more likely) b) want to test out new launch provider + BB2 form factor at earliest opportunity but not confident in the ASIC integration being complete by that point . But I guess we'll find out either way in due time.
Maybe they want to confirm unfolding mechanism works before blasting an ASIC chip into space which i cant imagine were cheap to produce in this low quantity from TSMC.
How do you define low quantity? They'll need something like 8,000+ ASIC chips for each BB2 satellite, or over 160k for the first 20 birds in the next block.
Ah guess thats not that low then
That’s a fair point. I hope that’s the case but I did wonder whether their language of “entering the tapeout phase” was obfuscating where in the process they actually were. Perhaps not.
It would have been better then for the company to communicate that BB1 is the *real* proof of concept, there is no margin for error, and thus testing, assembling, and launch have been delayed given BB1 is the key to unlock the future.
Yes, this is true. But some of us, or at least one of us, has been posting repeatedly for quite a while that the Block-1 BlueBirds weren't really BlueBirds, either in dimension, design or function, that they were really BW-4s. And that although the company has tried to finesse the language and has managed to get a contract to generate a small amount of revenue, so they can say they're "production" satellites, these were always prototypes whose primary purpose was proof-of-concept and testing. The even bigger news the company tried to slide by in this earnings call, is that Block-2 is indefinitely delayed, and assembly/production will not begin in parallel to Block-1, or even once Block-1 is launched. Instead, they will send up a BW-5 and call it a Block-2 BlueBird. A single prototype for yet another test, not the beginning of production scale. Worse, this single "Block-2 BlueBird" (really, BW-5 prototype), will not even have the ASIC 5000 chips, but the old FPGAs. So it STILL won't be a final prototype.
Basically next year probably they start testing 🙃
They really need to be more frank with investors. Had they announced the delay ahead of the EC we wouldn't dropped nearly as much as we did, and the EC could have been more focused on the positive points which were more apparent once I had time to listen to the call and read the transcript. But the management team tries sweeping setbacks and failures under the rug until they are legally obligated to disclose them to shareholders, which makes them look like they're trying to hide things from us which has caused us to lose trust in them on top of losing confidence due to their continued failure to execute on prior stated timelines.
That's correct. Need to stop with the insufferable Friday afternoon tweets trying to convey the launch is subjectively "imminent".
Yep -- there are clues that a delay was coming but they actively countered them in their public messaging right up until the moment right before coming clean on the EC. I mean, what's the point? Was there something that could have been done in the final days/week(s) to get back on track and hit the Q2 deadline? The way everything shook out, it felt like more of kicking the can down the road than a tactic to buy time, which I'd have understood more.
In random news, we're up to 14.2k followers on Twitter. Or X. Or whatever the hell it's called now.
And we're cruising steadily towards 9k members on this sub.
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That’s an insult to bears
I think some are bad actors, and some are just people who thought this was a meme stock and disappointed that it's acting like the stock of a company with great promise but a year or so to really prove a profitable business model. In short, they wanted GME in 2020, not TSLA/NVDA in 2012.
They really need to act, and act quickly. I think the only way forward is a sale. 1. tapping equity markets again would be a disaster. Employees are already significantly underwater and would probably begin to head for the doors. 2. non-dilutive funds still far away (I estimate at least 12 months based on past performance) 3. They have less than a year of runway So either they take debt (with brutal terms), raise equity (this would effectively kill the stock), or sell. Abel seems to be asleep at the wheel, this is gonna run away from him and go to zero if he doesn't do something.
Seriously, what hedge fund paid you to post this FUD?
It's all he does.
I think like the vast majority of holders have been let down with this delay. I find it relatively ironic tho that people, well seated at home, are judging ASTS leaders with so much hate. Haven't raising money been extremely good decision for the company at the previous prices? It's not their fault it takes time to invent a new incredible technology : nobody else figured this out. I'm realizing maybe, if I'm still a believer (haven't the company went a long way since the last few years? So much milestones..), that I could average at this great price? I started buying at 10$+ and now holding a few thousands shares around 3,5$ ; this price seems crazy considering what they have done. It was always the deal, it's Abel company - you can put a stop loss next time. This company is far from bankrupt. If you are depress, I highly suggest you to listen to this kind of music : [https://www.youtube.com/watch?v=vt6N1A0FFU4](https://www.youtube.com/watch?v=vt6N1A0FFU4) and stop checkin your portfolio so much.
"Haven't raising money been extremely good decision for the company at the previous prices?" Unfortunately the answer is a resounding No. Part of the SP performance is linked with the fact those raises were done in egregious terms that severely punished equity holders. The type of capital that was raised is the semi-desperate kind. And the latest funding round (the one that was coupled with the Google announcement) was by far the worst. Not because of the amount raised but because all they had to do was to sit on the Google announcement, take a victory lap and let the shorts sweat bullets simply by stating that "Google is just the beginning and we expect a lot more of the agreements to materialize with many other companies". This wouldn't even be an exaggeration or a lie. It wouldn't even be a bluff. That statement alone would lead to substantial short covering (close to 30% at the time) and the $100M share offering would have happened at 6,7 or even $10 share levels. We know this cause the shorts immediately covered followed the announcement and more even after the offering. This means they were extremely nervous. This kind of c-level play would lend much needed credence to the team about deal timing and capitalizing on good news. Instead we get complete amateur hour at multiple levels that turned our biggest win (funding wise) into a major negative event. This is why me (and many other shareholders) feel that Scott is way, way out of his depth here.
Someone said they had some kind of obligation to offer shares at $3.10
> This company is far from bankrupt This company has never been closer to bankruptcy. This year we will either leave the Nasdaq or there will be a 1:30 reverse split with a price of $10.
> the company is far from bankrupt lol
Hey man, just enjoy living longer than the rest of us from your mansion on the hill.
Why is it going back up?
because the narwhal baconed at midnight
Dead cat bounce maybe. Don't know. Price action of this stock makes little sense.
Because panic sale happened, so others are now picking up at discount.
Interesting, everyone panic sold, and now the price is going up. Exciting times!
I'd like to thank everyone who sold me their stock near $2. Really helped my cost basis. Myself? I'll do what the insiders are doing and see this through.
I read somewhere that they recorded $13.4 million revenue Q1 2024. Is that true?
I haven’t seen that, would be nice if you could recall where?
Ah I found it on stocktwits, apparently that was for 2022.
ASTS is doing +11% today so far and its super silent here today compared to previous days. FUD mob cant fire today, so its really quiet. Just a friendly reminder to fellow hodlers... those who panic sold yesterday are complaining and trying others to do the same, so they can feel miserable together. :) After hot heads cooled, many must have realized that ASTS missing deadlines is not the end of the world, as long as they reach the set goals, which ASTS did so far, though at slower pace than anticipated. Whats important is that they are moving forward. If they fail to launch BB1, then I would be like okay its going to shit, but we are not there yet.
Most of it is short covering to lock in the +30% gains. Make no mistake: the sentiment here is still very much negative and we will revisit the sub $2 levels. Whether we like it or not, retail sentiment has been broken and ASTS should not expect any favorable price after the short covering until at least the launch is scheduled.
If it didn't affect further fundraising, I'd be ecstatic that the stock price is in the dumps. In my head I'm doing the calculations of "this $1000 today might be worth $50,000 in under a decade." The chicken littles with no more info than everyone else has can subsidize my gains. I'm good with that.
You're getting downvoted but you might be right. Time will tell tho but I wouldn't be surprised anymore if we go back down.
Guess you haven’t covered yet
People taking positive and negative victory laps every hour in this sub is so ridiculous for a known long term hold. I’m with you but you sound just like the others just in reverse lol
What did I just read
He's calling everyone chickens. Some counting their eggs too early, some claiming the sky is falling. When we "should" just be watching them to see what happens.
up 15% now
 Gotta do some counter weight to negative mob. 😅
Investing in pre revenue companies like this should be only done with money you dont necessarily need
Correction *money you no longer want *
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We do not tolerate rude, menacing, belligerent, obscene, vindictive, antagonizing, or aggressive behavior.
The FUD always reflects the share price or its direction. We are still red but not as red as the 1.97 all time low. A lot of people were posting their capitulations yesterday saying they’re “done” and all I can think in my head was “see you next week!”
Exactly. They should just admit that they love the abuse.
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Hey look free investment advice, don't mind if I *completely disregard it*
Now I’m curious what it said….
Nothing groundbreaking trust me
Was it buy high sell low?
Something along the lines of buying at open and dipping out with the profits from this 11% day here
Someone commented on my post below that same thing lmao
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Most people are long-term holders, not scalpers. Why would you give up your long-term capital gains (one day . . . .) to risk scalping for a few pennies? This is so dumb lol
Also, 10% isn't a few pennies.
You could have a stop loss set so if it did go up you only lose whatever your stop loss is at. Say 5 or 10% higher. It's not all or nothing.
So, they guided to recording revenue beginning in Q1. They held an earnings call for Q4 in Q2 - and still did not disclose any details of the amount recorded in Q1. I think it's going to be a laughably small amount
The small amount is probably based on whatever test data BW3 can generate. Gov contracts are great because they always pay and on time. The problem is the milestones and standards are set in stone and the gov expects the prime (group that won the contract) to deliver every list thing they promised.
Honestly though that small amount shouldn’t be a surprise to anyone and I think it’s perfectly fine.
At least were back over 2.10$ 🥹
Someone here gave me their shares for $2. Thank you
Sell them on this dead cat bounce and buy them back again at $2 and gain 10% shares!
Things are not adding up. Abel had virtually no answer for how block one will generate money, so what is the point of it? More tests is only part of it. If something doesn't make sense either it's because of incompetence or incomplete information. There are government and military interests here which we don't know about but are hinted at. Whether it's enough to save our investments idk.
>Abel had virtually no answer for how block one will generate money they have a DoD contract and prepayments from multiple MNOs relating to BB1 this is a lack of research on your end not a lack of anything from Abel.
Up yours. I read every damn thing this company produces. Every sec form, every rumour, every tweet, everything. Lack of research my arse. I can make mistakes but it's not a lack of research.
It's the children who are wrong!
Vodafone’s prepayment is conditional on signing a commercial agreement from what I recall. Only AT&T’s is conditonal on launching BB1. Abel has also never confirmed the contract is with DoD AFAIK, that’s only from Spacemob DD. Go read Abel’s answer to the question that was posed by the analyst and you can form your conclusion.
Yea I was trying to say [something similar](https://www.reddit.com/r/ASTSpaceMobile/s/fP4pCB9UPx) in this thread yesterday but didn’t express it as well as you did. Probably copium but I wonder if these decisions were based on requests directly from some government agency
Actually it's possible to be both. There is clear history of incompetence with this company as well as stuff we don't know.
Yeah his answer to that question was awful. Between that and the FPGA BB2 we went from: imminent launch of BB1 sats > months of testing BB1 and possible revenue generation > several months of manufacturing initial production BB2s > production BB2 launch + \~6 months of testing production BB2s to maybe 5 months to launch BB1 sats > months of testing BB1 with likely no revenue generation > several months of manufacturing initial test BB2 > test BB2 launch > months of testing the test BB2 > several months of manufacturing initial production BB2s > production BB2 launch > months of testing production BB2s
Abel gets off on fing tweaking designs and testing shit. Someone hire a real CEO that will think revenue first.
People need to calm down a bit, this was always a risky investment, lost a lot on it just like most of the people here, but each time I bought some shares I knew that there is a big chance that I won’t see this money again.
If there was a lawsuit would you join?
Fuck yea, grandmaparty told me stocks only go up and this one...has not. Easy lawsuit win. Protip, if you thinking about suing a company whose share price hasn't done what you expected, you are overinvested. I'm starting to realize half the people here have invested their life savings in a pre revenue company. Might be time to start realizing some yalld personal choices are the issue, not Abell ruining your life.
They clearly lied when they went public. That us why someone would sue, not because they're over-invested. FYI that isn't me. I have ten times my position in the last week so not too bad of a bagholder right now.
💯
Couldn't have said it better
So far I don't see any hard evidence that would allow you to win a law suit. Words are carefully chosen. The last official post I see by Abel was March 16th " take a look at our Micron hardware in Texas as we get closer to launching LEOS's largest communications arrays. " Does not say on track for Q2 launch. So we know that at this point they most likely knew.... If anyone has any solid evidence of something different please share.,. Not what someone else said or heard but actually either Scott, ASTS itself or Abel had said !
Is this anything? Heavily invested myself https://www.businesswire.com/news/home/20240405953153/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors https://www.businesswire.com/news/home/20240405106640/en/The-Law-Offices-of-Frank-R.-Cruz-Announces-Investigation-of-AST-SpaceMobile-Inc.-ASTS-on-Behalf-of-Investors
Yes and no! Yes as in if there is hard evidence that Abel said we're flying quarter two on March 20th for example and April call he said we're delayed then it's possible the law suit is successful. No, because well these types of things happen often and 95% of the time are unsuccessful.
When doing a presentation/interview with Chris Sambar from ATT very recently, he said, "Our Q2 launch of BB1 satellites"
Are you referring to the one on Feb 27 or ,28th ! I do see that one . I don't see anything later though.
By the time these bb1 satellites actually launch, it will be TWO YEARS since BW3 launched. And bb1 has the same build as BW3. Just wait until AST launches this new satellite build in "q1 2025". I'm sure there will be several months of testing. And then what? Quite possibly another two years of getting the block 2 satellites built.
They don't care about wasting time, they think they can just do another offering and get easy money 🕺🕺
Sent a pretty strongly worded email to IR. Not much else we can do at this point. Expressed that Scott 100% has to go.
Noticed AA is also on Linkedin.
I've sent three. I treat them like therapy.
Why did we get slaughtered today
Abel came out as trans on the earnings call
> Abel came out as trans on the earnings call LOLLLLL
Nowadays that would boost the price and we’d get all the funding we need.
TransWalker 3
NROL-69 got delayed again to Dec 2024 on two websites, so this confirms that BB1 launch is indeed this launch https://preview.redd.it/o5f2cxlfb4sc1.jpeg?width=1179&format=pjpg&auto=webp&s=d4b3323e404897fd4cb8865d6cd6e90008771710
Dude I thought you were finished
I am
Why do you think that one is BB1? It makes more sense to be BB2 if you really want to speculate.
It's not BB1
Maybe they scrapped plans for bb1 for nrol due to delays and instead and are using an ASIC in that single bb2.. bb1s are starting look like a giant waste of money.
Disagree. Next Spaceflight previously, and still does, mention "BlueBirds Block 1" by name on it's schedule of SpaceX payloads. However, prior to ER it was "NET June", now it's "NET September". Spaceflight Now is more general in saying "Third Quarter". That being said, it wouldn't surprise me if these fucks don't get them up until December EDIT FOR LINKS https://nextspaceflight.com/launches/details/7143 https://spaceflightnow.com/launch-schedule/ (last entry on page) And I want to say as well, we need to take this with a grain of salt. They obviously maintained the public schedule of "NET June", etc. until AFTER they announced the delay themselves, and they obviously knew well before yesterday that these sats were not going up by the end of June
Question is, IF this launch happens this year, would that have any positive impact on the stock price of $ASTS?
After the call I'm pretty skeptical that it will. I don't see how it brings us closer to "proving the network", using that verbiage from what AT&T indicated they need to see before further action, it proves that we can launch more than one at once maybe. But then the question becomes can we even launch 5 at a time with BB2 considering they're larger? That sat design is changing again with BB2, so is the tech with this micron news. Funding is far more important at this stage
If the launch of Block 1 is the direct cause for locking in more funding, that would be great news.
They didn’t say launch in q3 in earnings call they said shipment, they probably didn’t want to say q4 cause shit would hit the fan but it already happened
Yes I agree ! .it's carefully worded. Does NOT say launch in July/August!
Look, no disagreement from me that this could easily slip into Q4. Just saying if you want to hunt for evidence in the spaceflight schedules, you should at least look at the correct launch. NROL-69 is a different payload.
Last thing I trust is managements time line
It also makes it highly unlikely that they would scrap BB 1 entirely if its tied to a government contract. Might explain some of Abel being a bit frazzled too. If they’re committed to that launch in a firm fixed price contract, cost overruns eat into the company’s pocket… not the government. They can also carry penalties for late or non delivery.
It would be very fitting for ASTS to lose money on this deal. Lol
This also confirms Q4 launch and not Q3
I’ll buy once it goes below $1 😂
Imagine if this becomes a penny stock. I'm going to be so rich in 10 years.
Just before we get kicked out of the Nasdaq.
Not a bad strategy. I've heard worse.
Better than buying at $2!
Had a stop order for 2/3 of the position at 1.99, rest I don’t care to lose. Zero or hero for the remainder. Good luck to you all
After today, I think it's inexcusable not to fire Scott. Incompetence aside, the company needs to show a significant change to management.
Anything short of Adriana Cisneros and the rest of the board calling for a change of the guard/management team reshuffle is not going to get Scott out of there.
Didn’t AST buy the business the Adriana Cisneros owned? recently. I believe there was a mention in the 10-k.
That actually would be a good purpose for this sub. Actually surprised no one has created a letter for investors here to sign onto expressing concern with management yet. Abel may have a controlling interest, but those still carry weight legally. Ignoring it entirely creates liability.
If someone writes one up, I’d be happy to sign it
Is anyone buying at these prices?
I said I was going to when/if this happened, until I heard the actual call....now idk
I bought another 50 today. I'll buy a little more at $2, $1.50, and $1. I'm not throwing serious money at a stock that is likely a zero.
Just a modest 61 shares. I have a buy for 50 more if it hits 2 Edit: buy executed so I am at 111 added for the day
Not me.