ASTS
AST SpaceMobile, Inc.

AST SpaceMobile, Inc.ASTS

Technology · Communication Equipment
32.33USD
+7.05%
Nov 08, 2026
ASTS overview ready
Operator of Direct-to-Device LEO Cellular Broadband Network
AST SpaceMobile is a direct-to-device network developer and prospective wholesale service provider to mobile-network operators, building and operating a LEO cellular-broadband constellation integrated with partner spectrum and carrier core networks.
Primary theme is lagging
Space is lagging (-13.9pp vs SPY over 21 sessions; 2 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Execution risk in deploying and scaling satellite constellation.
Market Nov 6Filing Jun 30Price action Nov 7Research Oct 6

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality—Valuation4.2ThemeMomentum1.0A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
SpaceLagging
vs SPY
−13.9pp
Theme return
−18.9%
Beating SPY
2 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$9.5B
Avg Volume (60D)
15.0M
60 sessions
Gross Margin
+38.9%
Operating Margin
-410.3%
Trailing twelve months
Free Cash Flow Yield
-17.2%
Distance from 200DMA
-57.2%
Next Earnings
2026-11-09
P/E
N/M
EV / Sales
68.7x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthNot enough data
+2627%
$31.5M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. +1240%
  2. n/a
  3. n/a
  4. +2627%
Earnings growthLoss widening
-$231M
Net income -$231M. No comparable quarterly EPS is available.
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginNot enough data
—
No year-ago comparison

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
AST SpaceMobile, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
AST SpaceMobile is a direct-to-device network developer and prospective wholesale service provider to mobile-network operators, building and operating a LEO cellular-broadband constellation integrated with partner spectrum and carrier core networks.
Opportunity
High opportunity
Mobile operators and satellite-network providers are deploying non-terrestrial networks that extend messaging, voice and broadband coverage directly to ordinary cellular devices beyond terrestrial-network reach.
Key risk
Execution risk in deploying and scaling satellite constellation.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Communication Equipment
What they do

AST SpaceMobile designs, develops, and operates a constellation of BlueBird satellites to provide cellular broadband connectivity directly to standard smartphones via a space-based network.

How it earns

The company generates revenue primarily through wholesale service agreements with mobile network operators and other commercial or government customers.

Products & services
BlueBird satellite constellation
SpaceMobile cellular broadband service
Customers & end markets
Mobile network operators
Government agencies
Commercial cellular broadband users
Market position

AST SpaceMobile is a niche challenger developing a unique direct-to-device LEO satellite broadband network integrated with mobile carriers.

Demand drivers
Medium cyclicality

Demand depends on mobile network operator partnerships and adoption of satellite broadband services, which can be influenced by technology cycles and capital markets.