$AST SpaceMobile, Inc.(ASTS)$
SpaceX acknowledged in its SEC filing that AST SpaceMobile is its number one competitor. Here's the reasoning:
While Starlink keeps launching more satellites, there's a key hurdle to using their service: the terminals. Customers need to buy a terminal that serves as an antenna to receive high-speed satellite internet. AST SpaceMobile, however, is the first satellite constellation capable of delivering high-speed internet directly to mobile devices without requiring an external antenna. How? Through ultra-large arrays and other innovations in satellite technology.
According to CEO Abel Avellan, "Following the successful June launch, AST will begin initial commercial service with these three satellites in July. The company has over $1.2 billion in contracted revenue commitments. The company aims to establish full commercial service, with regulatory approvals with over 60 mobile network operators worldwide."
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