Where Will AST SpaceMobile Be in 1 Year?
AST SpaceMobile (NASDAQ: ASTS) has satellites sitting at Kennedy Space Center in Florida ready for the launch pad. It is about to take a giant leap, hopefully sometime in September, that will change it from a company trying to prove it can operate a business to one that has the capability of actually doing so. The next year will be a vital turning point in many ways, but investors need to understand that not much will change for AST in the short term regarding financial performance.
Kennedy Space Center is used to launching large objects into space, so the five AST SpaceMobile satellites waiting to be put into orbit aren't a big deal in some ways. However, a successful launch will be a game-changing event for AST SpaceMobile. Today the company has one functioning test satellite, which helped it prove its space-based mobile broadband network was viable. After the next launch, AST SpaceMobile will have the parts in place to "launch" its service.
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Source Fool.com
