I've been adding to my $ASTS position during this drawdown because rising yields don't change how early we are in building a much larger space economy where satellites become another layer of global telecom infrastructure. AST already has carrier partnerships giving it access to ~3B potential subscribers and those carriers have every reason to support an alternative to Starlink rather than depend entirely on $SPCX for direct-to-phone connectivity. The biggest challenge now is scaling to ~45 satellites and turning those partnerships into paying users but with the stock already in a ~70% drawdown I do think a lot of that production and launch risk is being reflected in valuation.