Professional
Added to YB: 2025-10-06
Pitch date: 2025-10-01
ASTS [neutral]
AST SpaceMobile, Inc.
+31.04%
current return
Author Info
No bio for this author
Company Info
AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States.
Market Cap
$22.2B
Pitch Price
$58.53
Price Target
N/A
Dividend
N/A
EV/EBITDA
-98.75
P/E
-61.08
EV/Sales
1.2K
Sector
Diversified Telecommunication Services
Category
growth
Crossroads Capital Portfolio Holding: AST SpaceMobile, Inc.
ASTS (holding update): Second-largest position at 15% NAV, up 157% YTD despite trading at only 2.75x steady-state EBITDA. Space-based D2D cellular broadband via LEO satellites to connect unconnected globally. Manufacturing ramping to 6 sats/month, 40 ready by year-end, commercial service 2026. Cash flow breakeven expected Q1 2026 with 25 satellites. $1.5B cash reserves plus milestone payments from telco partners should fund through deployment phase. Tech 95% de-risked, execution story now.
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