- The author remains invested, arguing ASTS fell with a space-sector basket rather than because its business deteriorated; Rocket Lab, Planet Labs, and Intuitive Machines also fell 64–77%.
- Operating evidence has improved: funding exceeds $3.7bn, production is ramping toward six satellites monthly, U.S. live coverage cells exceed 3,000, and four European carriers signed a connectivity letter of intent.
- The valuation reset depends on execution: management guides to $150–200m of revenue this year, weighted to Q4, and targets roughly $1bn in the first commercial year as service begins and coverage expands.
Investment pitches
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