disgusting pleb

$ASTS - Clear Street reiterates $115 price target on AST SpaceMobile and maintains buy rating Key Points: Full integration costs ~$1.3B. Blacklift would complete AST’s end-to-end model and cut reliance on Falcon 9, with SpaceX (SPCX, Buy) reportedly turning away new bookings beyond 2028 (Bloomberg). The Firefly deal includes ~$800M upfront ($400M cash; 10-14M Class A shares) for a perpetual engine license, $250M for the first three rockets’ engines, and $250M for three years of engineering support. That is ~$900M in cash and ~3% dilution, vs. $3.7B in pro forma 2Q26 cash and restricted cash. Near-term relief depends on two rockets returning. ULA’s Vulcan targets a return to flight Friday, November 13, after a nine-month grounding. A successful flight would indirectly help AST by freeing Falcon 9 capacity, though AST has not publicly confirmed Vulcan contracts. A December New Glenn return would restore AST’s high-capacity option at up to eight BlueBirds per launch. Sovereignty is a growing tailwind. Vodafone’s (NASDAQ: VOD, NC) Tim Boddy said at Network X in Vienna that the AST venture is a stronger sovereign option than Starlink or Amazon, as its core network and radio infrastructure sit in Europe under the Luxembourg JV deal (Light Reading). Spectrum is the opportunity the market is missing. AST’s Ligado agreement gives it 80+years of rights to up to 45 MHz (40 MHz of L-band) for $550M at closing, pending FCC approval. SkyTerra Next would put L-band payloads on 96 AST satellites. Iridium (IRDM, Neutral) opposes, alleging spectrum hoarding; Ligado disputes it. At 45 MHz x 340M POPs x $1.10 per MHz-pop (SpaceX paid ~$1.00 for EchoStar’s 50 MHz, ~$17B), approval implies up to $16.8B in value, vs. an ~$11.7B market cap at $30. Valuation for: AST SpaceMobile, Inc. (ASTS) ASTS shares currently trade at ~14x our 2028E and ~6x our 2029E adjusted EBITDA of ~$0.9B and ~$2.1B, at $30. We reiterate our Buy rating and $115 price target, which implies 20x 2029E adjusted EBITDA of ~$2.1B. Our DCF cross-check, which includes spectrum, is $110 per share.

The $ASTS bulls assured us that getting partners to fly their satellites was never a problem. Apparently that was a lie. Execution risk is real. Developing a new reusable rocket (even with licensed engines) is hard, expensive, and schedule-slipping is common in the industry. Late 2028 is an ambitious target. More realistic (if it ever happens )is 10 years from now.

AST SpaceMobile to Build Own 20-Ton Rocket to Deploy BlueBird Satellites in Low Earth Orbit Using Miranda Engines from Firefly Aerospace. businesswire.com/news/home/2… #ASTSpaceMobile #Broadband #ConnectingtheUnconnected #BlueBirds #Blacklift

AT&T AND T-MOBILE MAY DROP BOOST MOBILE IF MUSK BUYS IT - SEMAFOR.

$ASTS bizarrely has MAX negative sentiment on X in this set up testing the 200 WMA Know what you own. Use X as your signal.