Latest / AST SpaceMobile Podcast / Anpanman talking $ASTS on Space Stocks Weekly

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Anpanman talking $ASTS on Space Stocks Weekly · AST SpaceMobile Podcast

0:00
Well, I guess Anpan, do you have a Are you on a time crunch
0:04
tonight? Yeah, I wouldn't mind going
0:07
first. I'll try and quake.
0:10
I know you already did a spaces, that was good.
0:11
Yeah, yeah. But if anyone wants a deep dive,
0:13
they should listen to that too. Yeah, I'll, I'll, I'll link
0:17
that. But then I was just going to
0:19
before you get started and just I'm going to cut it off at 30
0:21
minutes. So we had and at Rockalab this
0:24
is for everybody's aware and then at the end at the 60 minute
0:26
mark or so we can open it up for question comments on anything.
0:30
Just so trying to keep it semi for fair tonight because I know
0:33
there's a lot of people want to talk about both general.
0:36
With that, no, not floors. Floors yours, Sir.
0:39
Yeah. So just re just go to the other
0:41
space and then that's it done. Yeah, just just quickly and feel
0:49
free if people have questions to just post them below or you can
0:53
come up as well. But yeah, ESD announcer earnings
0:58
today or sorry, yesterday they, they had the first quarter of
1:03
material revenue, which was about I think it was $15 million
1:07
and they reiterated that they're guiding towards 50 to 75 million
1:14
of total revenue for the second-half of this year.
1:16
So that means this coming fourth quarter, it's going to be 35
1:21
million to 50 million of which most of that is going to be or I
1:25
think it's going to be like $10 million of gateway sales.
1:27
And then the rest of or the balance of that is revenue from
1:35
government will really work that that they're recognizing.
1:38
And so, so yeah, I mean, given this the state of where the
1:43
company is right now, you know, the financial results really
1:46
aren't that important at this point in time.
1:49
However, just going through the quarter, I think I'll just
1:53
briefly go through this and I just bought my old tweet, but
1:56
key takeaways are that you know, they for the first time
2:00
disclosed a billion dollars in aggregate contracted revenue
2:04
commitments, which is a a really big deal.
2:06
And that's all from commercial partners.
2:08
I think there's speculation that a majority that is from Saudi
2:11
Telecom which is the $1.8 billion ten year contract that
2:16
they announced or definitive agreement they announced last
2:19
week. A little nugget for everybody
2:22
for what it's worth. I did catch up with management
2:25
and that $1.8 billion the way it was characterized is that that
2:31
number it'd be a disappointment if if they're not well over that
2:35
number. So I guess what's unclear though
2:38
is what are what are the minimums of that contract
2:42
because there there is minimums across 10 years.
2:45
And so and as we know 175,000,000 of that contract is
2:50
being prepaid as revenue which they disclosed yesterday will be
2:54
paid before your end. And so that's that's a nice
2:58
inflow of cash. But yeah, that that 1 billion in
3:02
aggregate or over 1 billion, that's the first time they
3:04
disclose that number. And so what's nice is that
3:07
that's a real tangible number that people can either had on.
3:12
It's also good from a a debt funding perspective because they
3:17
can, you know, go out and raise some quantum of capital from
3:22
debt that would be, you know, basically backed by that 1
3:27
billion in aggregate contracted revenue.
3:29
Now, you know, could you raise $200 million off of that or 100
3:33
million or 300 who knows? I mean, it really depends on how
3:37
solid that number is. But but anyway, it does open up
3:40
another potential funding Ave. and then, you know, the company
3:44
also announced that they got their 9th contract award from
3:48
the US government even during the shutdown.
3:52
And they're expecting to hash out those details.
3:56
And you know, I guess we'll learn more once the government's
3:58
open. But but that's another, you
4:01
know, positive thing that came from the call.
4:04
Also in terms of manufacturing, I think we all know now that the
4:10
control bus is the key critical path item.
4:13
They've, they've made I think enough microns which are the
4:17
solar panels on one side and antenna element, antenna
4:21
elements on the other side. They've made-up to I think it's
4:24
19 satellites worth and they're expecting to get to 40
4:28
satellites worth by early 2026. And as we all know, BB7BB6 are
4:36
already been shipped to India. It's waiting to launch.
4:39
They they gave a hard time for now, which is the first half of
4:42
December and then BB7. They also disclosed that that
4:48
will be shipped this November. And so whether that's a week or
4:53
two weeks from now that'll be sent to the Cape and where they
4:57
expect that will go on top of a new sorry space second nine
5:04
rocket and which is probably going to happen in December.
5:08
Anyway, back to production. The new, you know, control set,
5:12
which is the center, which is the, the, the hockey puck shaped
5:19
center or not center. Now it's actually off center,
5:21
but what that controls the brains of the satellite.
5:24
And then also where the it's where the this the microns fold
5:28
out from. That is the kind of critical
5:31
path item right now. And so they've shifted from
5:33
making two metal ones, which is BB6 and BB7.
5:38
Now they're shifting manufacturing to composite
5:41
materials, which is I think carbon, primarily carbon fiber.
5:45
And so in the presentation yesterday we saw pictures of
5:49
three of those in production and, and the company disclosed
5:52
that they've got, let's see, they've got satellite #8 through
6:00
8 through 19 in, in various stages of production.
6:03
And so, so yeah, they're, they're a little, they're about
6:06
a one month behind BB8 through 10.
6:10
And then eventually they do plan to catch up by the February,
6:14
March time frame to the original time plan of deployment.
6:17
And So what that means is I think we'll see two launches
6:22
this year, BB6 going up in November or sorry, early
6:25
December, BB7 going up in second-half of December.
6:29
And then you'll see probably 2 batches of three launched by
6:35
SpaceX Falcon 9 in January. And then by the time February
6:39
rolls around, we'll have caught up and, and maybe we'll see our
6:41
first new Glen launch. But anyhow, but yeah, the
6:45
company is still targeting 6 satellites of production per
6:48
month by the end of 2025. And let's see here 11.
6:55
Interesting thing to note and I've tweeted about this so I
6:57
won't go into detail, but they did disclose that they've been
7:02
working on an AI engine that will be running on the AST 5000
7:08
ASIC chip. And so that AI engine will help,
7:12
you know, I think it was be right that had a note today or
7:16
gave a little bit more specificity that that specific
7:21
AI engine will help increase capacity of Bluebird satellites
7:25
by two to three times, which is kind of crazy if you think about
7:29
it. But I think through managing the
7:32
power and satellite capacity, you know, doing that dynamically
7:37
where you need, being able to, I guess shift processing power to
7:42
areas of high demand and then using and reusing spectrum more
7:47
efficiently. They expect to increase the
7:51
capacity of these satellites by two to three times, which is
7:56
something new that that was released yesterday.
7:59
And then I guess let me just look here through here, they did
8:04
disclose that in the US they'll have 80 megahertz of deployable
8:07
spectrum that includes 40 to 45 ish of of L band spectrum from
8:14
the Legato transaction. And then the rest of the balance
8:17
is going to be coming from AT&T and Verizon, which I think first
8:21
that is going to provide about 20 of that if I'm not mistaken.
8:25
I think it's 10 by 10 and so 80 megahertz overall though that's
8:30
that's a lot of capacity. And so I think that's going to
8:34
be or that is a good time for the type of service we should
8:37
expect from AST in the US through AT&T or Verizon, because
8:42
that's, you know, with that amount of spectrum, they're
8:45
going to be able to deliver a pretty robust broadband service.
8:49
And so, so yeah, that that's a quick overview.
8:53
There's a bit, there's a bunch more stuff that I went through
8:56
in a in 1/4 post, which I think you'll you'll post.
8:59
And then I also had a space this morning, but I'll just pause
9:01
there. Don't know if anyone had any
9:03
questions. No, it sounds like they had a,
9:05
you know, they have a lot going on.
9:07
They're making good progress. Do we know if there's any update
9:11
on the satellite going to Florida?
9:14
Yeah. So they said that they expect
9:17
BD-7 to be completed this month and shipped this month.
9:21
And so I think it's going to be, my guess, it's going to be
9:25
probably in two weeks or so. And then that means if it takes
9:30
call it 30 days to integrate the satellite into, you know, the
9:35
Falcon 9 fairing, then I think that's probably you're probably
9:39
looking at like second-half of December.
9:43
And so I think what we'll see is 2 launches in December, the
9:46
first two weeks on Israel and then the last two weeks on
9:49
Falcon 9. Cool.
9:51
You'll have to keep keep everyone in here updated on
9:55
which Waffle House we're meeting at for the business launch.
9:59
Yeah, yeah, yeah, no, there's there's this very specific
10:02
Waffle House. There's also this restaurant
10:05
that serves, you know, just plain American food it but it
10:08
has a outdoor deck area that overlooks the whole launch area.
10:13
It's called Shiloh's and so we had a big meet up there last
10:16
time and. And hopefully if, if the the
10:19
timing is right, I'll be able to make it down there and you know,
10:21
we can all hang out. Nice Christmas launch well,
10:28
Christmas party hopefully a little before that.
10:33
Hey, so you you've mentioned this in your in both your spaces
10:37
last night and this morning, although the one last night was
10:40
has been disappeared from the Internet, but you mentioned that
10:44
the they were looking. This is just because I'm a rock
10:47
in there. You were they were mentioned
10:49
that looking at other for the had other launch providers
10:52
further down the line post 2026 and yeah that's the Mitsubishi
10:55
rocket the new one that they'd come out with.
10:57
I don't know what the name of it is, but the big solid rocket
11:00
booster one that they they just launched.
11:02
Yeah, yeah, that. So that, that was a new
11:08
disclosure. I, I remember I you're talking
11:11
with, with Scott was new ski at the Block 1 launch just asking
11:18
about, you know, launch capacity and constraint.
11:22
And he had mentioned that, you know, there were, there were
11:25
more options than than people, I guess people like us are
11:30
generally aware of. And so I, I yesterday Abel
11:36
taught in, in the company, you know, the company has discussed
11:41
about, you know, has discussed the launch market being
11:43
constrained in 2025 and then getting slightly better in 2026.
11:47
And then and then supposedly 2027 is when the floodgates kind
11:51
of open up. And you know that that time you
11:53
make sense. If you think about like Rocket
11:55
Lab, for example, you know, perhaps Neutron by then will be
11:59
pretty robust, hopefully knock on wood and, and we'll have a
12:02
few launches under its belt. But I think the Bell also
12:07
discussed or or mentioned very specifically, he said MHI, which
12:11
is the acronym for Mitsubishi Heavy Industries.
12:15
And so doing a Japanese launch would make some sense just given
12:19
that Rakuten is, is an important investor and strategic partner.
12:23
And so launching a satellite from Japan would be, I think,
12:29
you know, from a political standpoint and then also
12:32
commercial standpoint would make a lot of sense.
12:34
But that the H3, which is the rocket that he's probably
12:38
referring to, is there is there a medium lift rocket or I guess
12:42
it's their heavy lift rocket because they you know, that
12:45
that's the most powerful one that they have.
12:46
But it comes in configurations of two solid rocket boosters or
12:51
four. And then there were some design,
12:53
you know, plans for six, but I haven't I think that might have
12:57
got scrapped. But but the four SRB actually
13:01
has similar lift capacity of 16,000 kilograms to lower the
13:06
orbit as Falcon 9. And then I think a reusable
13:10
Falcon 9 is somewhere on the order of 60 to $70 million,
13:16
whereas I think the Mitsubishi, and this is where I, I don't
13:20
really know what the information if it's, if it's correct or not,
13:23
But based off of some research that I did, it looked like that
13:27
rocket is like $50 million, although that doesn't, you know,
13:30
I'm kind of questioning how it can be cheaper than than a
13:34
Falcon 9. But anyway, at least that's an
13:36
alternative out there that, you know, has similar capacity.
13:39
And they did launch a, a satellite back in October.
13:45
And so I think that was like October 26th.
13:47
So for anyone interested, you can go on YouTube and, and see
13:51
that rocket's performance, which was pretty cool.
13:54
As we all know, like the Rockets, like Israel, LVM three
13:58
also has solid rocket boosters. But for all these, these, you
14:02
know, rockets have SRBS like they jump off the launchpad
14:04
pretty quickly. So they're fun to watch.
14:06
But but yeah, the company mentioned that and so I assume
14:10
they must be talking to Mitsubishi and and perhaps that
14:14
could be another alternative to add to the stable.
14:20
Sweet. I love.
14:21
Rockets, I don't know, that's cool.
14:23
I mean it's good. It's cool to see the, I mean,
14:25
this is what we all hope for is that the, the launch industry is
14:28
starting to like start to pick up so that all these other, you
14:31
know, satellites that are good that are all all wait, I mean
14:34
launch still the constraining factor across the whole
14:37
industry. So it's cool to see more
14:40
participation for other companies.
14:41
And then even, you know, seeing something like STS looking at an
14:44
alternatives to the ones that already had stated, I don't
14:47
know, it's good. It's good that they're being
14:49
agile with it. Sorry, I was a bunch of Adlet
14:52
because I was reading this question.
14:54
So I've got a question I got with Jacob in there and it says
14:57
will E constellation be separate constellation or will it be part
15:01
of the 100 plus satellites? I think he's referring to the S
15:05
here if two possibly thing. Well, he must be asking a
15:09
question which was also asked by a research analyst.
15:12
And so when AST made the announcement around the Sacco JV
15:16
last week, it it talked about having dedicated satellites for
15:20
Europe, the European market only.
15:22
But then the company did clarify yesterday during Q&A that it's
15:27
not going to be a separate constellation, but it will be a
15:30
dedicated portion of the constellation.
15:32
So I assume that means that when those satellites are flying over
15:36
Europe, they'll be, you know, solely under the control of the
15:41
Sacco JV. Yeah, there's going to be a
15:43
operation center based out of Germany.
15:45
And then the HQ will be in in Luxembourg and they'll have a
15:49
kill switch. And, you know, they'll be
15:50
controlling satellites from Europe.
15:53
And the data that originates from Europe will also land in
15:56
Europe. And, and so for all intensive
15:59
purposes, that will be a, you know, a, a European solution.
16:05
But then the constellation overall will continue to serve
16:09
the rest of, you know, the globe and but but within I think and
16:13
this is just my speculation, but when it's over Europe, it's
16:16
going to be fully controlled by your Europeans.
16:18
And so I think that's what the question is being asked for
16:21
them. Also around Iris 2, which is
16:24
the, you know, that that was awarded I think in 2024, it's
16:30
the equivalent of Starlink, but for Europe.
16:32
And there's three European players, SES, Yodelsat and
16:36
Histasat that are part of that consortium.
16:39
And, you know, they're currently working on that.
16:42
Who knows, you know, how far they'll get and, and how
16:45
successful it'll be. But there are two distinct parts
16:48
of that award, which is 1 is fixed broadband, which is what,
16:53
you know, Starling does today and what Kuiper's planning to do
16:55
eventually. But then the other part is
16:57
direct to device, where I think that one's a little more
17:01
open-ended. And even though the award for
17:04
the contract was given already, you know that concession, the
17:08
directed device specifically says that it will be led by MN
17:12
OS. And so interestingly, if you
17:15
look at how AC Space Mobile, you know, does business and how the
17:19
SAPCO JV is structured and how there's MN OS from 21 of 27
17:23
member states that are very signed up.
17:25
Yesterday when Scott was asked about if they could get some of
17:28
that award or if they won, won some of it, he kind of deflected
17:33
and said we're not going to talk about things that they've won or
17:37
some or he, he says it was like some weird, the way he responded
17:41
was a little odd. And so it led me to believe that
17:45
perhaps they're in a good position.
17:46
I, I wouldn't say like they've necessarily won it, but but
17:50
they're doing all the right things to get that contract.
17:53
And then just as importantly, when the two gigahertz MSS
17:59
spectrum comes up for reallocation in May of 2027, I
18:04
think I think AC is going to be very well positioned with, with
18:08
Vodafone to get an allocation of what's likely.
18:11
And we've started to do some research around how that's going
18:14
to be allocated. There's, there's 30 by 30
18:17
megahertz to be allocated. And I think my guess is AC and
18:21
Vodafone are ever going to get 10 by 10 and then they'll
18:25
probably give out 10 by 10 to somebody else.
18:27
And then the other the last time by 10.
18:29
They'll probably, you know, allocate that to a shared IoT
18:32
type of usage. But one interesting thing to
18:37
know is that Global Star this past week, they, they did say
18:43
that the, the previous license holders, you know, they're that
18:47
they're probably, and I don't think they're talking about
18:49
Biosat. They're talking very
18:50
specifically about Echostar. They were, they were hinting
18:53
that there's a high chance that Echostar won't get that license
18:56
again because they basically sat on it for 18 years and did
18:59
nothing with it. And so, so yeah, I think, I
19:02
think SpaceX when they bought Echo Star, they are going to,
19:06
they're obviously getting the the spectrum in the in the US,
19:08
but then all the other stuff is kind of in question just given
19:12
their stewardship of the spectrum, the Aspen spectrum
19:15
that they were allocated in various parts around the world.
19:18
And so another thing that I was thinking about today, which I
19:21
didn't mention in the other spaces because I, I candidly
19:24
didn't think about it, but that's Acex Echostar
19:29
transaction. They've given a timeline because
19:32
the regulatory view, for whatever reasons, could be
19:34
really long. They don't expect that deal to
19:36
close until late 2027. And so for SpaceX and Echostar
19:43
to go to EU regulators while the US is still reviewing that
19:48
transaction, it's going to be a little weird, right?
19:51
Because Echostar's going to say, hey, I want this spectrum
19:53
allocation. It's actually for me, because at
19:55
that point Echostar won't know if the deal is fully closed or
19:59
not. And so they're going to have to
20:01
go back as themselves to go get the reallocation.
20:04
And then the EU is going to say, well, you guys didn't do
20:06
anything with it, so why should we give it to you again?
20:08
And then SpaceX is going to say, Hey, we're we're buying them.
20:11
We're in the middle of this regulatory review, but we
20:12
promise we're going to deploy it properly.
20:14
And then and then the EU is going to say, well, who, who who
20:18
owns SpaceX or Starlink? And then, oh, there's this guy
20:21
Elon Musk. And then you know that that kind
20:23
of much water a bit. So anyway, yeah, I think I think
20:28
the company is quite well positioned to get an allocation
20:31
of two gigahertz spectrum. I think another 10 by 10
20:33
probably goes to this IRIS, you know, consortium, but who knows
20:37
like if they're to be able to pull it off.
20:39
And so I think as Katzie says, spectrum over time typically
20:44
finds its way to is the best use.
20:46
And I think that in of itself is is going to be, you know, with
20:51
the Vodafone AST Space Mobile JB.
20:59
Did they answer your? Questions.
21:01
I hope so. I it wasn't mine.
21:03
It was from somebody in the well.
21:05
Another Jacob, right? Yeah, with AK.
21:08
Jacob, sorry, I'm not making about your name.
21:12
Sorry. I'm looking.
21:13
OK. There's this other thing that I
21:14
saw pop up recently, but I can't find it.
21:16
And you probably remember if I tell you.
21:18
Oh, here it is. All right.
21:19
Iridium and Vodafone IoT. There was this was just over a
21:25
week ago mate. Did you see something?
21:27
I know this is not earnings related, but I was curious if
21:29
you if you saw that and I was going to ask for the last week,
21:32
but I think we. Were yeah yeah yeah vote
21:34
Vodafone they announced A partnership with Iridium for
21:37
their narrowband IoT service because you know that's that
21:41
Iridium runs today and so I think as a as a kind of filling
21:48
the filling gap measure there they they they're utilizing
21:52
Iridium's network for initial IoT services until, you know
21:57
they are able to get the the constellation up with AST.
22:00
But you know the good thing about Iridium is that it does
22:02
have global L band spectrum. It is limited.
22:05
It's like 8 megahertz of up and down combined.
22:09
But but yeah, that's, that's, I mean, if you're going to run a
22:13
global IoT network and you're tracking assets that are not
22:17
over land or areas of, of pressural spectrum coverage,
22:22
then that's a good way to go. But yeah, that was announced.
22:26
I think it was like Thursday or Friday, but yeah, sweet.
22:35
There was an OK, so one other thing that I, I heard and that
22:38
this is my just pure lack of knowledge on this stuff.
22:41
When you said, when you're saying 1 billion of committed
22:43
revenue, is that based off of like usage?
22:46
Like well, however they define usage, I don't think it'll be a
22:49
per MB whatever usage. But however they decide like how
22:52
many customers signed up? Like is that money based on the
22:57
service going into like, you know, beta and then actual
23:00
service? And then that money is lined up
23:02
saying, hey, we're going to at least pay the MN OS, saying
23:05
we're going to at least pay you this much.
23:06
Is that what it like is what it's signify or what is that $1
23:09
billion number? What is actually?
23:11
What do those payments actually reflect?
23:13
So I think there my guess and they didn't give you know full,
23:19
they didn't give details, but it includes all the revenue
23:22
prepayments. And so Vodafone I think is at 20
23:27
and 18, TS at 25 or I might have those switched Verizon's at 65
23:32
and then and then you know Saudi Telecom's at 175.
23:37
And so those are prepaid revenues and those are
23:40
creditable against future service.
23:42
And so they pay the company and there's some milestones
23:45
associated with too, but they, they give them a company money
23:48
today. And then once the service is
23:50
turned on and your users use it and based off of how ever
23:54
they're, they're calculating those metrics, then they'll just
23:57
get a credit against that revenue they already paid until
24:00
all that's used up. And then, and then they'll,
24:02
yeah, then they'll obviously start paying the company
24:05
directly for whatever is used. And I don't know if it's going
24:09
to be I, I think because it's a 5050 revenue share, it's going
24:13
to it, it would depend on how they charge the user for the
24:17
service. But you know, as we all know,
24:20
like for directed device, it's going to be a service that
24:23
people use periodically. It's not going to be something
24:25
that someone's using all the time.
24:28
And so the capacity, the amount that you'll be able to sell to
24:31
multiple users is getting pretty high.
24:34
But in that, that 1 billion number, I think it also includes
24:38
any contract minimums. And so I think the, I don't know
24:43
if those that exists in some of the other contracts, but then
24:46
for Sally Telecom, they specifically and, and we're
24:49
fortunate to get this information because it's, it's
24:52
required to be disclosed by the Saudi Stock Exchange.
24:55
But they talked about how there's a minimum revenue
24:58
commitments and then they, they talk about the contract value
25:02
being worth, you know, at a minimum $1.8 billion and that's
25:07
over 10 years, right. So I guess we could just
25:09
simplistically say $180 million for every every year of that
25:15
contract is a minimum. And so, so Saudi telecom,
25:20
whether they use it or not, like they're going to pay that amount
25:23
of money to the company. But then if they go over then
25:26
then you know, they'll pay in excess of that.
25:28
But then there's at least that minimum commitment.
25:32
And so I think that's how to think about it.
25:35
If if if they use more than the the revenues can be higher.
25:39
If they use less than your, you at least have to have that
25:42
minimum right that gets paid in. Sounds to me that's Boost Mobile
25:46
or prepaid wireless in space. Yeah, yeah, the Chert mobile,
25:52
but, but I think the, the, the, the interesting comment from
25:57
from the company was that when I mentioned the $1.8 billion, so
26:01
it was like, oh, that's, that seems is that should I be
26:04
thinking about like I was asking that was that an annual number
26:07
or is that like the total? And, and from what I was
26:10
understand, it's, it's, you have to provide some minimum number
26:15
to the exchange. But then you know, the
26:17
expectation is that that's that number.
26:19
They would be surprised if that's the number it's going to
26:21
be supposedly higher show. So I I mean, I guess in more in
26:29
a less in a more freeway, it's almost like backlog, right?
26:32
I mean, they're they're future commitments and they have to
26:34
meet meet on their side. But then it's like there's but
26:37
then it's backlog with a built in like minimum level that
26:41
they're going to be utilization. So what's the constellations up
26:43
and they have to do a service then they're going to be paying
26:46
out a certain amount of a year regardless if that many.
26:49
Yeah, that's right. And, and the company
26:52
specifically said, you know, when we when we negotiate these
26:56
commercial agreements with carriers, we're going to
26:58
prioritize carriers who pay money upfront and give us the
27:02
most, right? Because then if you pay, then
27:04
we'll focus on deploying service to you first.
27:06
And, and there's going to be an order of doing this, right.
27:09
And so I think that's why, for example, the company did raise a
27:12
billion dollars because Saudi Arabia was like, hey, we're
27:15
going to upfront $175,000,000 and we're going to give you a
27:18
contract minimum. We want you to cover the Kingdom
27:21
of Saudi Arabia. And then, you know, these other
27:23
countries that we service, we want priority.
27:25
And then the company, you know, because the capital markets
27:28
were, are open. There we go.
27:31
But but that's, I think that's why they, they raised the money
27:34
because you had a, a big customer come in and say we're
27:37
going to commit all this money. And so, so yeah, they're,
27:42
they're getting priority. Nice.
27:45
Was that your timer? I think so.
27:48
I'm Ducker. Thanks for listening to the AST
27:57
Space Mobile podcast. If you enjoyed this episode and
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28:12
Thanks again and I'll see you next time.
28:18
We're doing something very, very big and I think with this
28:21
technology we can really affect billion lives.
28:24
AFT Space Mobile is the only company that has proven
28:27
technology to deliver cellular broadband connectivity directly
28:31
from space to do everyday smartphone.
28:34
People will just basically turn their phone and be seamless,
28:38
regardless of where you are. We don't want the music even to
28:41
know that it's connected by satellite.
28:43
Our role is to bring this into reality, always important to the
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animal. Listen, Waffles.