$ASTS: Stay Focused™️

because then otherwise what are you doing? But I think, you know, it's important to have some perspective. I mean, we have now launched two batches of satellites. We have another batch that's coming up. I think in terms of Falcon 9 schedule, there's a crude Falcon 9 mission. And so that there's kind of a a period of time where we can't launch satellites nor can anyone else until that that that crude mission is done. But we are launching another batch soon. And I refer to it today, you know, I looked at Moderna's stock price reaction, which is unbelievable, right? The stock is up 108 bucks from a closing price yesterday of this year, closing price of 63. Now it's up to $172. Now I'm not calling for AST to make that type of move. But we've had that type of move before and we're on the cusp of that, right? Historically, whenever, you know, you look at analyzing stocks, you typically look at president, right? And so Moderna's up 111%. No, 177%. It's up 111 bucks. But, you know, when I looked back at AST, we had a similar type of move. It wasn't all over the course of one day, but it was over the course of several days, right? So back in May of 2024, the stock went from two to five, right? After signing a definitive commercial real with AT&T and then bringing Verizon on as a strategic investor and partner. And it wasn't a definitive agreement yet. But, but obviously the $100 million investment, which comprised of a $35 million investment in the convert and $65 million per prepayment, that caused this doctorate from five to eventually, you know, over the course of the next few weeks, it got to 12 and then of course it went to third new nine or so. But we're on the cusp of some pretty big things. You know, I think it's, you know, while the last few weeks have been rough and, you know, there was, there was someone out there who had said, Hey, to be fair, you've been positive about this year and, and of course, like things haven't been turned out. Well, yeah, I, I was, I've been positive. I've been positive over the last six years. I haven't really changed my view on the company over those years. It's been a, it's been a volatile right. It hasn't been a straight shot from point A to point B, but it's been volatile and there's been setbacks and there's been huge wins along the way, but that's investing, right? And I think for some folks who, you know, lament stock price performance, even though underlying execution and milestones have been hit. And yeah, there's still a lot of uncertainties, but if you can see the force from the trees and know what's coming, then you can sit pretty comfortably, right? Because you know what you own. And in that case, I talked about how my wife had come in this morning and said, Hey, you know, AST stock price is down to 65. You know, before is at 130 and so are you what's been going on? And I just explained very briefly, oh, yeah, the market has pulled back like we had, I didn't go into detail about situational blowing up, you know, having a the biggest blow up and unwind in financial history, relative to long-term capital or Emirant or some of these other blow ups of hedge funds. But yeah, the entire space actor got derated, which you know, sometimes people can be able to forget that, oh, yeah, today, the entire space actor is down, but she's, yeah, she's not there to hear that description. She's, she was wondering, well, do you think everything's going to be okay? And I was like, yeah, I'm comfortable because I know that team bubble is coming. Then she's like, okay, and then she like walked out. And I explained her what that, well, I briefly explained her what that meant. So I was like, do you remember when we signed Verizon and the stock, you know, more than tripled? Well, that's going to happen when we signed team bubble and the market's not ready for it. And so she was comfortable with that. And so for me, I've been totally fine with this drawdown. Like I've been adding here and there and just counting the days, right? Because I think the company has been in talks with team bubble. And apparently those are those talks are going well. We were testing with grain management on 800 megahertz spectrum. And in that disclosure with the FCC, it refers to some agreements with TMO, which then got taken out. And they follow up filing, which I think they didn't want that to be out there as my guess. I don't know that for sure, but it kind of hints at that, right? Where the FCC, when they put that STA approval, they referred to those agreements, which by the way, like the original STA had all these redactions. And so then the company attorneys were like, hey, can you take that condition out? Because maybe it's not relevant or it shouldn't be disclosed. But everything's pointing towards one direction, right? Like we, you know, I think it's important to kind of circle the joint venture. Now it's been, you know, if I was a market skeptic, if I was a skeptic and a bear, I might say, well, you know, this joint venture between AT&D Verizon and eventually TMO, that could be an economic hindrance, right? It maybe it's a buying cartel. Maybe they'll put some pressure on AST space mobile. And so that's a valid concern, right? Like if you're someone who's coming to the sector for the first time and you don't understand the dynamics, you might listen to a skeptic with that train of thought and think, well, maybe this company is not in a great position because then that that JV could go by services from Amazon or somebody else, right? And displace you. But then I think it's important to actually read and hear what the executives are saying and read what was disclosed. And so this joint venture is pulling together resources, spectrum, infrastructure to make it easier for the deployment of these services across the M&Os. And then they emphasize that AST space mobile, the agreements that the exclusive agreements that AST has with AT&T, with Verizon, those are going to stay in place and survive the joint venture. And so the joint venture is pulling resources and in some respects, they're going to work in a coordinated fashion to make this service better. But they are going to maintain their agreement with AST, each of AT&T and Verizon. And we know that originally AT&T had mutual exclusivity with AST, but because John Stanky saw the broader vision of writing a better service and then also seeing, he was a visionary, he's seen the competitive threat, although we saw it. But the competitive threat from Starlink, he decided to then invite Verizon into a working relationship with AST. And so we gave up exclusivity in order to do that. And so we're seeing the same thing where here, the company has pretty much said that they are in talks with T-Mobile. AT&T has acquiesce, they've blessed it. And so there will be a definitive agreement, probably initially an MOU that kind of outlines everything and then eventually definitive agreement with T-Mobile. And so that's why people panic, they freak out, the stock stock goes down to 64, and they're calling for Lawnmust to buy the company. I'm not, I'm not worried because I know what's coming with T-Mobile. And so when you've seen it in Goldman's research yesterday, you see it in media and other channels where they talk about Starlink and then, of course, Amazon is something else they talk about. And actually know one of the authors at Goldman who wrote that report. And they're being commercial, right? Like they actually bank SpaceX, they also bank Amazon. And so they're going to give those guys more talk time, right? Like they're not going to cover AST because AST is not banked by Goldman. Although I'm sure that's going to change in the coming quarters. But that's kind of the perspective of Wall Street, right? Where it's really, when people talk about direct advice, they talk about SpaceX, and they talk about Amazon, even though it's buying Global Star, it's coming into the game late. And of course Global Star is a very limited service. And it will be for the foreseeable future. But no one really talks about AST. But when that joint venture gets put together, and when people look closely and see that AT&T, Verizon and Team Mobile are working with AST, that becomes very hard to ignore, especially when Team Mobile gets announced, and let's say, I'm just making numbers up, but let's say it's stock price rallies to 100 that day. Then that becomes hard to ignore, right? I mean, it's just like the first time when Verizon announced the investment and partnership with AST and the stock rallied. I put that headline from CNBC, it rallied to 99% that day, but then it continued on. Then that becomes really hard to ignore. And when you are on earnings calls, AT&T does this. They talk about AST in a very positive life. But when these other players are asked about Starlink, it's like, what are you doing to counter them? And they talk about AST. Then that's when the street really starts to understand story where it's like, oh, this is the strategic counter. This small company out in Midland, Texas called AST Space Mobile. And so they've got an entire lock on these large incumbents, right? In the most profitable market. And then, what else are these guys doing? And then they look in Japan, they look at, you know, there'll be a headline at some point in the next few, let's see, in the next two to three quarters of, oh, AST has gotten a 10 by 10 allocation of S band spectrum in Europe, satellite connect Europe. And, and, you know, they're going to be deploying or creating the equivalent of first net there. People are going to wonder, like, who's doing that? And they're going to find out it's AST. And so right now, we're in this low period. I mean, it's August most, just like the Europeans, a lot of folks who are in finance are away. They're not really doing much. And so, you know, that's why ball has been crunched to. There's just not a ton going on. But that's going to change. And I think it's, you know, making sure that you stay focused and keep your eye on the prize. I think that's, you know, that's paramount, right? And obviously, like the day to day, you know, people have sentiment and, and what a reason, you know, to debut Twitter is like their, I guess they're their therapist. I'd recommend like Twitter is not a good therapist. Like if you need to go shout out into the void, you know, maybe it's better to use AI. Because AI knows you better and you can say, hey, AI pretend that you're a therapist. Can you help me work through my issues? That might be a more productive way to do it than going on X and lashing out. And whatever it is, if it's beating other people up, beating yourself up, you know, it's, I guess, I, you know, I guess some things don't change. But, but yeah, it's, and I understand like they're, they're, especially as being an individual investor, it can be tough, right? And, and so sometimes it's good to be able to express yourself and get some level of support from people, which I do. Like I try to help others as much as I can. And someone was telling me today, well, you know, it can't be all positive. And it's like, I understand that. Like there's plenty of people who are negative. And when stock crisis down, they'll just like get into that spiral and just be really negative. But that's not my ammo. That's not who I am. That I've been bullish and I will continue to be bullish. And, you know, I kind of view myself as a character when, when they're, when shit's really hitting the fan, I'm the person who's standing up and like slapping people out of it and it's like, hey, pull yourself together. Like, you know, there's nothing has changed. The stock price is down as it, as well as the entire space sector is down. There's nothing in particular that the company is doing wrong. And so you just kind of have to ride through this volatility. I mean, today there was a huge factor swing where, and you know, Moderna just really lit the entire biotech and healthcare sector up. And so all those stocks were up. And so you had liquidity drained from growth and momentum, chasing those areas. And you also had, you know, because of the treasury, you know, secretary, that, that, that, that said that he doubled the buying program on the long end of treasuries. So I think going from two billion to four billion and saying, hey, we're trying to support the market because for some of these illiquid issues, there's no, there's no bid. And so effectively, what this is is kind of like the precursor to yield control and quantitative easing. And so today, and this is why I was telling people to stay focused. Yes, you're having some rotation out of space, quantum and a few other sectors, but then you're also seeing risk go into other areas, especially for example, one sector that has not had risk in a long time, which is crypto. If, if, truly, you have quantitative easing coming or to some extent, crypto is on fire today, right? And there's, and I tweeted earlier about how, you know, there is this view that I guess this coming in October, there could be a bottoming in Bitcoin. And the reason why I say this is that when crypto has a bit on risk, that's typically pretty good for other sectors, other growth sectors and momentum areas of which one is, of course, space. So today, I tweeted, I think the stock was down to like 64 or 65. And I was like, hey, this rotation, it will end. And there will be a bid that comes back for space names. And, you know, today, what AST was down a percent, which isn't bad, right? And this is the other thing too. Like yesterday, there were, there were people who were saying, oh my god, AST is down more than other space stocks, which were wrong with our company. Yadia, Yadia, and it's like guys.