Democritus__🅰️__
2.4K posts
@Democritus_A
what do I know? - former child, probly dyslexic
$ASTS - Expect some news coming out of Brazil very soon... 🌎🛰
AT&T, T-Mobile and Verizon announced a rare joint venture Thursday that aims to make satellite capabilities more widely available to mobile phone customers. bloomberg.com/news/articles/…
Here's another one deluded enough to think she was talking about $ASTS - Dumb, Dumber, and Dumberer doesn't do justice to these clowns🤡🤡🤡🤡🤡
This analysis is completely backwards. A SpaceX IPO means they'll raise a massive war chest of cash, vastly accelerating their direct-to-cell satellite deployment. This will drastically shrink the already tight survival window for $ASTS, which is currently hanging by a thread. How on earth can anyone spin such a massive bearish catalyst as a bullish one? Since when is a direct competitor's successful IPO a tailwind? Sure, their launch operations might become more transparent as a public company, but launch prices won't drop. They are literally taking your money to build out their own competing satellite network.
Verizon, AT&T and T-Mobile said on Thursday they agreed in principle to form a new JV with an aim to address long-time coverage gaps, especially in rural areas, by using satellite-based technologies. This comes as the industry increasingly worries about what Elon Musk’s @Starlink Mobile might do to shake up the terrestrial mobile space. Musk has said he’s not going to put the U.S. terrestrial carriers out of business, but at the same time he’s expanding Starlink and buying up more spectrum...
$ASTS this is getting wild. Short interest at record highs at 66.7M which is a $5B short at $75. Short volume is making up roughly half of the volume everyday with some days making up the majority of the volume. More and more it’s becoming apparent that ASTS is being targeted. Even in pre market you can see signs of it with nearly every space stock this morning up 3-6% while ASTS struggles to hold at 1%.
