AdamDavis
06-03

$AST SpaceMobile, Inc.(ASTS)$ Don't believe the negative hype from shorts trying to buy shares cheap to cover their positions. Here are the facts to consider for buying and holding.

"AST SpaceMobile is accelerating manufacturing, regulatory progress, commercial partnerships, and government programs, furthering its position as the only technology positioned to capture the massive direct to device broadband opportunity in full," commented Abel Avellan, AST SpaceMobile’s Chairman and Chief Executive Officer.

AST SpaceMobile remains focused on strategic growth with robust cash reserves and upcoming satellite launches starting mid-June. Management stated during the earnings call $1.85B in contracted revenue and $3.9 billion in total liquidity and has no plans to raise capital through the market or convertible notes for the rest of 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment