Back Below $90, Is AST SpaceMobile Stock Finally a Buy?
The SpaceX competitor is now down 38% from all-time highs.
Back Below $90, Is AST SpaceMobile Stock Finally a Buy?
Overview
The SpaceX (NASDAQ: SPCX) IPO has sucked all the liquidity out of the rest of the space economy stock boom. AST SpaceMobile (NASDAQ: ASTS) -- a satellite internet start-up that was once up 2,000% over the last three years -- has fallen 38% from its all-time high to $82.
Yet, when you look at some metrics, AST SpaceMobile may be ahead of SpaceX in deploying satellites to create a constellation of direct-to-device internet capability, which could have an addressable market in the hundreds of billions. Does that make the stock a buy-the-dip, contrarian play after the SpaceX IPO?
Details
Starlink is the revolutionary high-speed satellite internet service developed by SpaceX. Launched with its own rockets, the constellation now has thousands of satellites in orbit and serves over 10 million customers worldwide. Started just a few years ago, the Starlink segment generates over $11 billion in annual revenue and is growing 50% year over year.
Source
Originally published at www.fool.com.
