ASTS
ACCE-researchedOverview
ACCE thesis
AST SpaceMobile builds and operates the first space-based cellular broadband network, using satellites that connect directly to standard smartphones without specialized equipment or apps. The company holds over 2,300 patents and exclusive spectrum rights across multiple countries, creating significant barriers to entry in what will become a winner-take-all market. Their first five commercial satellites launched in September 2024 and are already conducting successful voice calls and data sessions with major telecom partners including Verizon, Vodafone, and Rakuten. Revenue exploded 2,731% year-over-year as they transition from pure R&D to commercial operations, while gross margins of 50% demonstrate the unit economics work once satellites reach orbit. With only 3-4 players globally attempting direct-to-device satellite connectivity and ASTS furthest along in commercial deployment, they're capturing first-mover advantage in a market Goldman Sachs sizes at $100+ billion by 2030.
- severeMassive cash burnFree cash flow of -$1.24B with 93.61 debt/equity ratio creates serious going concern risk.
- highHeavy insider sellingInsiders sold $274.45M vs only $0.15M bought - 1,830x more selling than buying.
- highExtreme operating lossesOperating margin of -133.1% shows company losing $1.33 for every dollar of revenue.
- moderateHigh short interest21.3% short interest indicates significant bearish sentiment among institutional investors.
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Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
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Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
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Analysts
Wall Street consensus
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Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| ZBRA | Zebra Technologies Corporation Class A Common Stock | $16.5B | 31.7 | 15.3% | 0.70 | 0.0% | - | Compare |
| ERIC | Ericsson American Depositary Shares | $33.2B | 13.6 | 26.1% | 0.30 | 3.1% | - | Compare |
| ERIC-B.ST | Telefonaktiebolaget LM Ericsson B | $33.3B | 13.5 | 26.1% | 0.30 | 3.0% | - | Compare |
| UI | Ubiquiti Inc. Common Stock | $35.7B | 37.2 | 91.1% | 0.01 | 0.6% | - | Compare |
| VSAT | ViaSat Inc. Common Stock | $10.5B | - | 0.2% | 1.38 | 0.0% | - | Compare |
| CIEN | Ciena Corporation Common Stock | $49.5B | 78.2 | 22.4% | 0.56 | 0.0% | - | Compare |
Sector report card
Where ASTS ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
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Recent performance
SEC filings
Recent ACCE blog coverage
- $ASTS ACCE Score Drops 11 Points to 50 - What ChangedAST SpaceMobile's ACCE composite score fell from 61 to 50. We break down what likely drove the 11-point drop and what the data shows right now.2026-06-10