Where Will AST SpaceMobile Be in 1 Year?
AST SpaceMobile (NASDAQ: ASTS) has an interesting business plan, which is basically designed to ensure that cellphone users can make calls from anywhere on the planet. How? By creating a space-based cellular broadband telecommunications network.
The idea of no more dead zones is attractive, but it will take a lot of cash to get the company to a point where it has a viable service. A look at its balance sheet and the company's spending rate helps to show just how far away it is from achieving its grand ambitions, and the next year will be pivotal.
In 2019, AST launched its first satellite, known as BlueWalker 1. It was basically just a test to see if the company could get a working satellite into space and then use it in the way it intended.
Source Fool.com
