AST SpaceMobile Nears Commercial Launch: Is It Time To Buy The Dip?
AST SpaceMobile is preparing to sell its satellite-based broadband network services, but the key is who will be buying them.
Overview
AST SpaceMobile (NASDAQ: ASTS) has an interesting business model. The company aims to compete with Space Exploration Technologies' (NASDAQ: SPCX) Starlink service, but it has gone down a very different path. While the planned launch of AST SpaceMobile's commercial service has been pushed back to early 2027, it could get off to a big start. Here's what you need to know.
Starlink is the most profitable business unit within SpaceX, as the company's IPO prospectus revealed. Once again, Elon Musk's vision has resulted in a company he controls getting in early on an investment opportunity. However, other companies are looking to break into the market for satellite-based cellular broadband communications, including AST SpaceMobile. Starlink was so early that it basically had to develop its own, direct-to-consumer technology and services. AST SpaceMobile is partnering with cellphone companies.
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Originally published at www.fool.com.