astspacemobile
Kerrisdale Capital is short shares of AST SpaceMobile Inc (NASDAQ:ASTS), a $1.8bn satellite company trying to sell the dream of connecting billions of people with mobile broadband directly to their phones from space, but without a credible ability to bring that dream to reality. A 2021 SPAC, AST features a satellite design that is destined to fail, unsurprising given management’s uninspiring backgrounds, and a business case that makes little sense in nearly all respects, whether one scrutinizes the end markets it’s trying to monetize, its brutal competitive landscape or how it can ever justify...
ValueWalk
Space stocks are among the best stocks to buy today Q2 2021 hedge fund letters, conferences and more Yesterday, Blue Origin flew Jeff Bezos more than 60 miles above the Earth to allow the billionaire to see the planet from space. A little less than two weeks ago, Virgin Galactic did the same thing with its billionaire founder, Richard Branson, and a crew. These successful flights mark two of the biggest space-related accomplishments in human history. Just sit back and think about it. For the first time ever, we are flying “regular” folks into space on a Disneyland-like trip. That’s the stuff o...
ValueWalk
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