AST SpaceMobile: Why I Bought The Dip

AST SpaceMobile has dropped nearly 60%, but dilution was only the catalyst after weakening sentiment. Click here to read more about ASTS.

Investment Thesis The crash in AST SpaceMobile's (ASTS) is a function of repricing execution risks in light of the BlueBird 7 failure, poor Q1 performance, and $1 billion convertible capital raise. In my view, the market is extrapolating all The crash in AST SpaceMobile's (ASTS) is a function of repricing execution risks in light of the BlueBird 7 failure, poor Q1 performance, and $1 billion convertible capital raise. In my view, the market is extrapolating all Analyst’s Disclosure: I/we have a beneficial long position in the shares of ASTS either through stock ownership, options, or other derivatives.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.