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Forecast: $685m revenue for AST SpaceMobile
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Advanced Television
Would–be global cellular connectivity supplier AST SpaceMobile, now with six satellites in orbit and a seventh planned to launch later in February, is forecast to see revenues growing to $685 million (€573.8m).
William Blair has rated AST as “market perform” and a target share price of $104.
AST could then cover certain markets including the US, Canada, Japan and Saudi Arabia plus a couple of European markets.
With 100 satellites in orbit (planned by 2027) then AST could provide continuous global coverage.Moreover, the report says that government–based demand for satellite–related capabilities remains robust.
The regulator highlighted initiatives that aim to make the UK the first country in Western Europe with broad access to satellite direct–to–device connectivity.