AST SpaceMobile: Sovereign Satellite Strategy Wins More Contracts; Launch Risks Explored

The $1.3B contracted backlog lowers AST SpaceMobile's EV/Sales to 15.93x, aided by the recent meltdown, the recurring long-term contracts, and the triple-digit growth prospects. They leverage wholesale partnerships with MNOs to tap into 3B+ users while avoiding competition and reducing customer acquisition/overhead/marketing costs. By serving governments as an infrastructure provider, ASTS secures major contracts in Europe/Japan, as there is more demand for sovereign communication channels. Risks include a lumpy satellite deployment cadence due to the launch providers' bottlenecks and heightened space connectivity competition.

ASTS is an even Better Buy here, aided by the oversold trading volumes and the potential materialization of a secondary uptrend line.

I previously rated AST SpaceMobile, Inc. (ASTS) as a Buy in June 2026, thanks to the improved margin of safety from the prior correction. In this article, I shall discuss why ASTS is an even Better