AST SpaceMobile Podcast

AST SpaceMobile ($ASTS) update: Chris Ambar joins T-Mobile, FCC grants Grain 800MHz test authority, plus a major new strategic hire.

Anpanman opens with a real-world tale of losing cell coverage entirely during a family trip, using it to frame why AST SpaceMobile's direct-to-cell satellite mission matters. He then breaks down two huge news items from last week: former AT&T and AST board member Chris Ambar officially joining T-Mobile as Chief Enterprise Officer, and the FCC granting AST SpaceMobile a Special Temporary Authority to test on Grain Management's nationwide 800MHz spectrum, a move tied directly to build-out requirements and potential T-Mobile coordination.

Anpanman also covers the hire of Ozzy Ramos, a former Barclays and UBS vice chair of investment banking, as a strategic advisor for AST SpaceMobile, and what it signals about upcoming M&A, joint ventures, and spectrum deals. He walks through the broader legacy direct-to-device playbook seen at Ligado, Echostar, Globalstar, and Iridium, the SES-OmniSpace-Link transaction, and Viasat's L-band opportunity.

The episode wraps with an audience Q&A covering ASTS stock institutional ownership jumping to 52.6%, the Japan joint venture, and the status of Bluebird satellites 14 through 16 ahead of a possible September launch.

00:00 Introduction: Berkshires trip and walking tacos

00:54 Cell coverage fails at the air show

03:38 News roundup: Chris Ambar joins T-Mobile

05:33 FCC grants AST STA for Grain Management spectrum

13:37 T-Mobile and Starlink tensions

19:39 Ozzy Ramos joins AST as strategic advisor

27:41 The legacy direct-to-device playbook

35:44 SES, OmniSpace, and Link merger

39:37 Viasat and Inmarsat L-band spectrum

42:59 Q&A: the strategic advisor's role

44:12 Q&A: institutional ownership jumps

46:29 Q&A: is Grain the fourth carrier?

47:31 Q&A: path back to all-time highs

48:24 Q&A: Link and OmniSpace global chances

50:04 Q&A: Japan JV and Bluebird satellites

51:47 Closing thoughts

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#astspacemobile #TMobile #GrainManagement

AST SpaceMobile ($ASTS) confirms J-LEO, lands new government contracts, and reveals its AI edge compute roadmap this week.

Kook breaks down AST SpaceMobile's latest earnings call, covering the post-earnings vol crush, the wild market psychology of a stock that swung from $37 to $70, and confirmation of the J-LEO deal - a billion-dollar non-dilutive subsidy structure for Japanese-flagged satellites within the ASTS constellation.

The episode dives into new US government contracts worth over $100 million, a multi-billion dollar recurring radar and GPS opportunity, and strong signals that Deutsche Telekom's T-Mobile is nearing a direct-to-cell partnership with AST SpaceMobile, backed by a newly surfaced FCC spectrum filing tied to existing ASTS-T-Mobile agreements.

Kook also unpacks ASTS's AI edge compute roadmap starting with Bluebird 47, the hiring of banking veteran Ozzy Ramos as a strategic advisor, financial details including $3.7 billion in proforma cash and a $1.3 billion revenue backlog, plus the growing wave of sovereign satellite deals and Vodafone's EU spectrum priority lane position.

00:00 Introduction from a closet in France

01:52 Vol crush and market psychology after earnings

03:03 Stock at $70 vs the July 2025 lows

04:18 Wall Street Journal coverage and New Glenn photo

04:56 J-LEO deal confirmed and Tesla analogy

07:24 New government contracts and Deutsche Telekom signals

10:51 Cash, backlog, and launch cadence

12:52 Radar, GPS, and government revenue mix

14:40 Dave's earnings summary and AI compute reveal

16:46 The Iceland power analogy

19:37 AI edge compute roadmap revealed

21:26 Porsche and Ruff analogy for compute value

22:52 T-Mobile spectrum evidence via FCC filing

25:25 Multi-billion dollar radar opportunity math

27:39 2021 patents on space data centers

31:56 Ozzy Ramos joins as strategic advisor

37:38 56 sovereign satellite deals emerging

42:00 Dr. Ali's trillion dollar TAM and $2200 upside case

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

#astspacemobile #JLEO #TMobile

AST SpaceMobile's Q2 call revealed a $1.3B backlog, 100 MHz of US spectrum, and a shocking Wall Street hire.

In this episode, Anpanman breaks down AST SpaceMobile's Q2 earnings call and explains why the market's negative reaction misses the real story. He opens with the surprise hire of Ozzy Ramos, a longtime vice chair of investment banking at UBS and Barclays, calling it a huge vote of confidence in ASTS stock and a signal of major strategic moves ahead.

Anpanman digs into the spectrum disclosures, including C-band capability built into mid-band Bluebird satellites, the ASIC chip's ability to process low-band, mid-band, and C-band signals, and the plan to bring 100 MHz of usable spectrum to the US direct-to-cell network. He also covers the confirmed US joint venture with AT&T, Verizon, and T-Mobile, ongoing testing with Deutsche Telekom, and recent FCC commentary on global S-band spectrum rights tied to EchoStar's pending sale to SpaceX.

The episode closes with a look at AST SpaceMobile's $1.3 billion contracted backlog, new government awards tied to Golden Dome and Arsenal Freedom, the Japan J-LEO sovereign satellite opportunity with Rakuten, and reiterated 2026 revenue guidance of $150 to $200 million despite the Blue Origin launch delay. Anpanman also reacts to Cantor Fitzgerald's price target upgrade and Piper Sandler naming ASTS its favorite space stock.

00:00 Introduction

01:22 Wall Street veteran Ozzy Ramos joins AST SpaceMobile

09:55 C-band spectrum coming to mid-band Bluebirds

14:34 ASIC chip already supports low, mid and C-band

15:21 100 MHz of usable US spectrum explained

18:45 International S-band rights and FCC sovereignty questions

22:06 US joint venture: AT&T, Verizon, T-Mobile and a 4th player

25:44 AI compute and orbital data centers

29:01 Launch update: 10 launches booked, next Falcon 9

32:01 Midland expansion tied to US government demand

34:43 $1.3 billion contracted backlog and new government awards

36:59 Path to $1B revenue, $500M government opportunity in 2027

38:37 Radar, drones and military use cases

42:04 2026 guidance reiterated at $150-200 million

42:08 Japan J-LEO sovereign satellite deal with Rakuten

44:37 700 MHz spectrum for emergency services worldwide

48:12 Beta service coverage with 25 satellites

49:34 Live audience Q&A

57:37 Analyst reactions: Cantor Fitzgerald, Piper Sandler

59:35 Closing thoughts

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

AST SpaceMobile Q2 2026 Earnings Call

00:00 Introduction and Safe Harbor

01:57 Abel Avellan's Opening Remarks

03:30 Spectrum Strategy and Tunable Bands

05:37 Rakuten J-LEO Award in Japan

06:26 60+ MNO Partners and 3B Subscribers

07:27 Bluebird Satellite Manufacturing Update

08:04 ASIC Chip Reaches Full Production

08:40 Texas Manufacturing Expansion

10:59 $1.3B Revenue Backlog Revealed

11:32 Scott Wisniewski on Commercialization

13:56 US Government Contracts and Golden Dome

15:10 Expanding TAM: Radar, IoT, AI Edge Compute

19:31 Q2 Revenue and 2026 Guidance

20:50 Andy Johnson's Financial Update

23:09 Manufacturing Cadence and CapEx Outlook

30:33 $1.15B Convertible Notes Offering

32:31 Shareholder Q&A Session

38:39 Analyst Q&A: Rakuten Deal and Backlog

53:47 Beta Trials and Commercial Timeline

1:00:41 Sovereign Constellations and Global Expansion

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AST SpaceMobile earnings hit today as Starlink Mobile shakes up the MNO landscape.

Anpanman explains why $ASTS uptake could go from 5% to 100%.

In this episode, Anpanman previews AST SpaceMobile's earnings release and unpacks the weekend's biggest storyline: Elon Musk's claims that Starlink Mobile could capture up to 50% of global internet traffic. Anpanman argues this competitive pressure will push mobile network operators like AT&T, Verizon, and eventually T-Mobile to bake AST SpaceMobile's direct-to-cell satellite service into every plan, pushing ASTS stock uptake far beyond the old 5-10% estimates. The episode also covers Rakuten's confirmation of the $1 billion J-LEO sovereign constellation award, upcoming Bluebird satellite launches on Falcon 9, and how AST stacks up against Globalstar, Iridium, and Amazon's Kuiper in the direct-to-device spectrum race.

00:00 Introduction

00:39 Shoutout to Redrum and Kook's podcast

02:20 The X spaces that disappear after 30 days

03:30 Starlink Mobile dominates the weekend news

04:06 Musk's bold claims: 25% share, $1 trillion revenue

05:50 Musk supporters turn on T-Mobile's CEO

06:47 Why 5-10% uptake estimates are now outdated

09:17 Satellite coverage becomes table stakes

10:40 Lessons from T-Mobile's old mid-band spectrum struggles

13:36 The MNO prisoner's dilemma

16:32 How AST gets adoption without customer acquisition costs

18:13 T-Mobile CFO's past comments on Starlink's limits

20:19 From duopoly to winner-take-most

23:04 Comparing satellite speeds: Block 2 vs Starlink v2

25:38 Globalstar, Amazon Kuiper, and the direct-to-device race

32:04 Iridium's niche and the massive IoT opportunity

36:47 Musk's claim: every car connected by Starlink

38:14 The SpaceX-Tesla stack vs the open alternative

41:52 Rakuten confirms $1 billion J-LEO award

42:38 Bluebird 14-16 launch update

43:25 Audience Q&A: earnings questions and AST's future

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

Three more Blue Bird satellites just reached orbit, and $ASTS now covers 80% of Europe's mobile subscribers.

Kook breaks down last week's successful launch and the growing confidence that AST SpaceMobile's launch cadence, not satellite production, is now the real story. He digs into a Meta working session hint, the near-final J-LEO deal with Rakuten in Japan, a fresh spectrum license, and a buried press release revealing integration testing with Deutsche Telekom, the 51% owner of T-Mobile. Kook also covers the FCC's push to clear the path for direct-to-cell, SpaceX's shaky terrestrial phone ambitions after its first earnings call, and Viasat's dumpster-fire quarter that shows just how fast satellite direct-to-cell is eating legacy revenue. All eyes now turn to AST SpaceMobile's earnings call this Monday for more on financials and launch visibility.

00:00 Introduction and crazy travel schedule

01:05 Recap of last week's successful 3-satellite launch

02:32 Launch cadence and timing for the next launch

03:46 Abel's comments on the platform's growing capabilities

05:38 Brendan Carr and the FCC clearing the path for DTC

06:24 Jennifer Manner joins the FCC's Technological Advisory Council

07:35 SpaceX's tweet and Gary Tan's reaction

09:21 Vinod S teases Meta working session with $ASTS

11:11 J-LEO update and Japan spectrum license

12:53 Cat's Y spectrum thread

13:19 Blue Origin's valve failure and retrofit update

15:12 SpaceX share unlock shakes out shorts

16:05 SpaceX's first earnings call and omni-connectivity

17:42 Debating SpaceX's terrestrial MNO ambitions

19:59 Tim Farrar's posturing theory on SpaceX vs T-Mobile

21:24 Piper Sandler turns incrementally bullish on $ASTS

22:02 Deutsche Telekom integration testing revealed

24:05 Battery Commodity: 80% of Europe's subscribers covered

27:32 Viasat's dumpster fire earnings call

29:02 Previewing Monday's $ASTS earnings call

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

Kook reads the entire $ASTS DD live as AST SpaceMobile counts down to its Batch 2 launch on Falcon 9.

In this episode, Kook walks through the full AST SpaceMobile due diligence deck while waiting for the Batch 2 satellite launch, covering everything from the company's founding story to its current valuation regimes.

The discussion dives into ASTS stock's de-risking journey, including FCC approval, the Ligado spectrum deal, and partnerships with AT&T, Verizon, and Vodafone.

Kook breaks down the direct-to-cell technology, comparing AST SpaceMobile's beam forming and satellite architecture against Starlink's approach, and explores financing history, government opportunities like Golden Dome, and the potential for AI data centers in space.

00:00 Introduction and remembering Steve Harrison

04:01 Investment thesis and the de-risking story

07:19 Winner-take-most and barriers to entry

10:42 Founder background: Abel Avellan

13:07 Key de-risking milestones and remaining risks

15:49 Consensus view vs the variant perception

19:46 Lessons learned: SPACs and death spirals

23:53 Cap table: who owns AST SpaceMobile

27:47 How ASTS stock trades into launches

34:56 Sell side estimates and revenue forecasts

38:49 Corporate governance and Abel's control

41:33 Business model and monetization paths

47:31 Modeling the market opportunity

50:36 Can the company finance itself

55:06 JVs, sovereignty and the J-LEO deal

1:00:03 Inside the technology: beams and satellites

1:10:47 AST SpaceMobile vs Starlink beam comparison

1:16:57 Ligado spectrum deal vs SpaceX's spectrum buy

1:23:19 Government opportunity and Golden Dome

1:52:44 Launch webcast begins - sign off

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

AST SpaceMobile just began testing with Deutsche Telekom - and DT publicly said the name live on today's earnings call.

In this episode, Anpanman breaks down the news that Satellite Connect Europe, the AST/Vodafone joint venture, has begun integration and testing with Deutsche Telekom alongside its existing European carrier partners. He digs into Deutsche Telekom's earnings call, where executives acknowledged AST SpaceMobile for the first time and raised doubts about Echostar's ability to secure S-band spectrum in the EU as its Starlink acquisition moves through regulatory review. Anpanman also covers the SpaceX lockup expiry and its ripple effects across satellite stocks, plus strong quarterly results from Redwire, Satellogic and BlackSky. He explains why direct-to-cell technology, MNO spectrum partnerships and shifting European regulatory dynamics could position ASTS stock as a dominant force in both the US and EU wireless markets.

00:00 Introduction

00:36 Deutsche Telekom testing announcement

01:53 SpaceX lockup expiry breakdown

04:00 Short interest and institutional demand dynamics

07:41 Sector earnings: Redwire, Satellogic, BlackSky

08:13 T-Mobile and Deutsche Telekom talks

09:39 Deutsche Telekom earnings call reaction

12:47 Echostar spectrum problems in Europe

15:24 Valuing AST SpaceMobile's EU opportunity

17:02 Bear narrative collapses on analysts

20:43 Public safety and emergency response use case

23:53 NATO, defense and European manufacturing

25:36 Satellite Connect Europe ownership structure

27:51 SpaceX's European regulatory dependency

29:38 Amazon and Globalstar comparison

32:44 Audience Q&A begins

39:52 Which MNOs stick with Starlink

43:11 Final thoughts and risk management

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

AST SpaceMobile launched Bluebird 11, 12 & 13 this week.

SpaceX's direct-to-cell bombshell changes everything for $ASTS.

In this episode, Anpanman recaps the recent AST SpaceMobile launch of Bluebird satellites 11, 12, and 13, and shares highlights from the Space Mob investor meetup in Titusville. He breaks down SpaceX's newly announced direct-to-cell ambitions and what they mean for AT&T, Verizon, and T-Mobile, arguing that SpaceX's aggressive stance against carriers only strengthens AST SpaceMobile's position with mobile network operators globally. Anpanman also discusses new spectrum allocations in Brazil, Europe, and Kenya, along with FCC and regulatory dynamics around EchoStar's licenses, the upcoming ASTS earnings call on Monday, and why patience is required for the T-Mobile and Rakuten J-LEO partnerships to materialize. Throughout, he emphasizes staying unleveraged in ASTS stock ahead of major catalysts.

00:00 Introduction

00:22 Recap of the Titusville launch meetup

01:49 Next launch timing - satellites 14, 15, 16

02:15 Monday's earnings call preview

02:45 Launch mission recap and satellite separation graphics

04:06 Satellites establish contact, unfolding timeline

05:04 Free merch bags for launch attendees

07:05 SpaceX direct-to-cell bombshell breakdown

08:39 T-Mobile's exclusivity and potential exit

09:43 Why AST staying out of the media narrative helps

11:12 Verizon as the original stock unlock

14:47 SpaceX crossing the Rubicon with MNOs

16:44 Spectrum wins - Brazil, Europe, Kenya

19:08 Regulatory risk for the EchoStar-SpaceX deal

22:48 Can Starlink really compete with MNOs?

27:00 What T-Mobile means for ASTS upside

29:39 J-LEO, Rakuten and Telco patience

32:57 Community Q&A - launches, Meta talks

34:56 Closing thoughts - stay unleveraged

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This content is for informational purposes only and is not financial advice.

📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/

SpaceX just exposed its plan to steal AT&T, Verizon and T-Mobile customers - and why that's huge for AST SpaceMobile.

In this episode, Anpanman breaks down SpaceX's shocking earnings call where Gwynne Shotwell and Elon Musk revealed plans to build a terrestrial network and directly compete for AT&T, Verizon and T-Mobile's $600 billion in wireless revenue. He explains why this direct-to-cell land grab is actually bullish for ASTS stock, since AST SpaceMobile's 50-50 revenue share model works with MNOs rather than against them, leveraging exclusivity agreements, Legato mid-band spectrum, and FCC-friendly positioning. Anpanman also covers the upcoming Bluebird 11, 12 and 13 satellite launches from Florida, the fallout from T-Mobile's earlier Starlink partnership, and why global carriers like Deutsche Telekom now have even more reason to turn to AST SpaceMobile.

00:00 Introduction - live from Titusville

01:31 SpaceX earnings call shocker

02:48 Shotwell and Musk drop direct-to-cell bombshell

03:19 Musk: Starlink to deliver majority of world's data

04:11 $600 billion MNO revenue target

05:16 Building a terrestrial network with small cells

07:38 Why this is bullish for AST SpaceMobile

09:02 T-Mobile and AST talks progressing

10:53 SpaceX vs buying an MNO outright

13:04 How AST's 50-50 model works with carriers

16:23 Regulatory angle: FCC and DOJ implications

18:11 Tim Farrar's wrong call on the JV

21:16 Public proclamation helps AST's regulatory case

23:38 Global implications: SoftBank, Rakuten, Deutsche Telekom

25:20 T-Mobile's Starlink blunder revisited

27:54 Tribute to Steve Larrison

29:31 Upcoming Bluebird 11, 12, 13 launch

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📩 AST SpaceMobile Podcast Newsletter: https://ast-spacemobile-podcast.beehiiv.com/