Monday, November 14, 2022 7:25:50 PM
@thekookreport
$ASTS Update Call Live Tweeting Event!
4:05pm · 14 Nov 2022 · Twitter Web App
Abel walks through progress. BW-3 was unfolded successfully and operating normally. This is the key technology to provide broadband from space. $ASTS is the first and only company to master this technology and successfully fly the space craft. $ASTS has a huge IP moat
Lots of learnings related to building at low cost and flying the spacecraft. Own a new satellite architecture that changes what's possible to do with satellites. He keeps emphasizing the importance of demonstrating they could fly and operate (not just build). $T is listening
I mean, just a little awkward how long it takes for Abel to name all their partners - they have won so many telecom deals. Like winning an Oscar and there are too many people to thank because you are so amazing
High $30's for next 2 quarters of OPEX, then decline to low $30's after first block of Bluebirds is done. $12MM CAPEX per quarter next 4 quarters. Have sufficient cash on hand, including next 5 satellites.
Comments that they can accelerate the investments. I always suspected that after BW-3, their partners throw money at them and everything happens faster than previously guided
First 20 satellites at $16MM/each
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