Latest / AST SpaceMobile Podcast / SPACEMOB LAUNCH PARTY 🅰️

Transcript

SPACEMOB LAUNCH PARTY 🅰️ · AST SpaceMobile Podcast

• 0:06
  This is the AST Space Mobile podcast and we just basically
• 0:11
  turn the phone be seamless, regardless of where you are.
• 0:15
  We don't want the user even to know that it's connected by
• 0:17
  satellite. Listen, the opportunity that we
• 0:22
  have is very, very, very large. Large.
• 0:27
  What is going on Space Mob? Welcome to the Space Mob launch
• 0:32
  party stream. Very, very excited to be here.
• 0:35
  Shout out to everyone on Spaces. Right now we're trying our best
• 0:38
  to get this up on YouTube. It's being a little slow.
• 0:40
  We might need to make a new stream here.
• 0:44
  I have Catsy and Antpen in here also as speakers if you guys
• 0:48
  want to say what's up and intro yourself and I'll get this up
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  and running on YouTube. Hey everyone.
• 0:55
  What an exciting living. Hey, Cathy.
• 0:57
  For the expand, hi. What time is it in Sweden?
• 1:03
  It's U 233, it's middle of the night.
• 1:09
  Oh boy, did you? Were you able to take a nap?
• 1:11
  Today. No, I I sort of stayed up late
• 1:18
  yesterday to prepare for this. Yeah.
• 1:21
  Shifted my day a bit. Right.
• 1:26
  Yeah, so exciting. Looking forward to the launch
• 1:29
  finally, right? Yeah, yeah, it's it kind of
• 1:33
  didn't hit me until later in the afternoon that this was coming
• 1:37
  in. I guess it's a bit different the
• 1:39
  feeling, unlike the previous launches where, you know, the
• 1:44
  Blue Walker 3 or Block One launch, it's kind of A1 and done
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  at least for a while, whereas this one is going to kick off,
• 1:53
  you know, a number of watches. So.
• 1:55
  So this is exciting. And another satellite on its way
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  to Cape. Yeah.
• 2:05
  Kathy, are you listening to something I think I can hear in
• 2:07
  the background and. There's obviously a lot more.
• 2:12
  I was preparing to be able to crank up audio from the live
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  cost right so got this sound set up.
• 2:23
  For that, yeah, I think I guess for everyone, we're just going
• 2:29
  to chat, but then try to stay out of the way of the ACT space,
• 2:33
  Mobile, YouTube. I'm assuming that they'll do
• 2:37
  something similar to Block 1 where they'll have to host.
• 2:40
  And then there's probably going to be some new content of the
• 2:43
  release, educational overviews and perhaps some videos of of
• 2:50
  producing Bluebirds and and then maybe some videos on what the
• 2:54
  deployment might look like. We will see.
• 2:56
  I have no idea, but I remember the last time when we were down
• 3:00
  in Florida, they had a ton of different, you know, production
• 3:04
  videos, which was great. And so I'm looking forward to
• 3:07
  seeing what they unveil this evening.
• 3:11
  We'll see. But anyway, Kathy, how did, how
• 3:21
  did you, I guess over the course of today, how did you prepare,
• 3:25
  if at all for this launch mentally?
• 3:30
  I did some probability calculations.
• 3:34
  That's right. Yeah.
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  I saw that. Right, try and figure out what
• 3:39
  the failure probability was. I don't know the the takeaways
• 3:48
  that were no longer dependent on a single launch for the future
• 3:54
  of the company. Like arguably we were with the
• 3:58
  flu Walker three, if that would have failed, it would be fatal
• 4:01
  perhaps for the company. But now it's some 45 to 60
• 4:07
  satellites going up within the year.
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  And then what happens to a single launch is it can't be
• 4:16
  fatal really. Yeah.
• 4:21
  And for the probability calculations, both New Glen and
• 4:27
  this Indian launcher LBM three, they are of a rare breed that
• 4:32
  was successful in the first launch.
• 4:36
  And if you look at those, then they often end up in the 95 or
• 4:45
  better class of reliable launchers, right?
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  And when they're off to a good start, it often continues in
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  that that way. But so LVM has had seven
• 4:58
  successful launches thus far that were orbital launches.
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  And. That math I arrived at the
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  failure probability of perhaps 6% for this launch.
• 5:19
  Well, those odds are good. Yeah, they are.
• 5:22
  They are. I I kind of joke that Pivotal
• 5:25
  Capital, this short seller, he's always like the Contra signal.
• 5:29
  And today he put out a negative video of of a rocket blowing up.
• 5:34
  And so I think he just blessed us with a a successful watch.
• 5:39
  Yeah. But I guess just to prepare, you
• 5:44
  know, things can and do go wrong.
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  And so I think everybody should be mentally prepared for that
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  just in case whether there's like a potential anomaly with
• 5:53
  the rocket, but also deployment of the satellite as well or the
• 5:57
  unfolding. But then as you meant before,
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  the great thing is that we are at the beginning of a launch
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  campaign. And so after this one, we'll
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  have Bluebird 7 go up either on a Falcon 9 or I think some of us
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  believe that Blue Origin, New Glen, the, the launch in January
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  will will take up that single satellite.
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  And then after that, we're going to have at a minimum 2 Falcon 9
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  launches with three Bluebirds each probably going up sometime
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  in February. And then after that, I think
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  we'll start to see the Blue, Blue Origin, New Glen take
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  initially, which I think they're going to ease into it, but
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  they're going to take up 6, six of them and then eventually once
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  they optimize the vehicle, get up to approximately 8.
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  Yeah, there will be an enormous capacity increase compared to
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  one of these single satellites going to 520 kilometers
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  altitude. When you put an ASIC up at 690
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  and not just one but but six or eight, that's quite an enormous
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  capacity increase and value because well, the ASIC is in
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  itself on 3.3 time increase of throughput.
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  And up there there's the longevity of higher orbit, the
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  well time increases, so 10 years or more, whereas you expect five
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  to seven years on 520 kilometers.
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  So much more capacity and much more value in those later
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  launches compared to this one. Yeah, it, it'll be interesting
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  to see what combination of Falcon 9 and Blue Origin New
• 7:57
  Glen they use over the course of 2026.
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  Now, obviously it was extraordinary that that New Glen
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  was able to land their booster. And now, you know, we went from
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  this, this state of, of yeah, I think people are somewhat
• 8:14
  skeptical to now, you know, then I think over optimism around
• 8:19
  Blue Origin, New Glenn, which at which, you know, rightfully so.
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  It'll be interesting to see how quickly and you know what type
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  of cadence they can build over the course of 2026.
• 8:32
  Yeah, definitely. Oh, our host is back, I think.
• 8:43
  Yeah, I think that is a YouTube up.
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  I'm not sure if it is. Yeah, my bad everybody.
• 8:49
  I'm getting the YouTube up. I'm just, I had to like
• 8:52
  reconnect the full configuration.
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  So that will be up momentarily. I appreciate you guys kind of
• 8:58
  taking over while I do this. It should be about 5 minutes.
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  I just got him to connect. I just got to change the title.
• 9:02
  Thank you. Appreciate it guys.
• 9:05
  Thanks for hosting. I know this is this can be
• 9:08
  stressful. I I actually don't know how.
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  You do, Spacey. I got became, I figured I became
• 9:15
  an audio engineer this week. Yeah.
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  And just I I finally had it. I just need to get the title
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  changed because it was like some crazy, crazy title.
• 9:26
  So let's try here and then we should be good to go.
• 9:29
  So you're going to give up the YouTube?
• 9:33
  I'm still going to try, I believe.
• 9:41
  I'm just turning it back on on. X the video.
• 9:45
  Hey, Tut's back. Tut's here.
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  Hey keep it does it that you are in the item up.
• 9:52
  Hey, how's it going? Hi, good.
• 9:56
  Where are you right now? You're like.
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  Just in time, I think. I think we're we're steady
• 10:00
  going. Where?
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  Where are you right now, Tut? Somewhere in the world.
• 10:07
  OK. So it's quite.
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  Early though, it's like 5:40 AM. Oh nice.
• 10:12
  Playing an all nighter. I think, I think Kook is out
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  there too somewhere. So how did you spend your day
• 10:24
  preparing mentally or did you just not think about it at all?
• 10:28
  Not thinking about at all. Honestly, it's been been an
• 10:31
  exciting day, so hopefully it all goes goes smoothly.
• 10:36
  I saw catchy. Had a thread about the launch in
• 10:41
  Israel, so that's 6%. I'm going to count it as 0.
• 10:46
  It all goes smoothly today. Yeah, I pulled out the my model,
• 10:55
  my LVM 3. It's a good luck charm.
• 10:58
  I'm I'm rubbing the belly of this rocket.
• 11:00
  So were you able to pick up a Doctor Pepper diet Doctor Pepper
• 11:09
  diet Doctor Pepper. OK, yeah, going to watch your,
• 11:12
  your figure you're to say. Yeah, it'll be interesting to
• 11:20
  see, as I was mentioning before, when the company I I'm assuming
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  they're going to have like some interviews with, with strategic
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  partners and some, some videos about about the mission and of
• 11:35
  course the satellite. So it'll be interesting to see
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  what they release this evening. But yeah, I think everybody's
• 11:46
  nervous and anxiously awaiting the launch.
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  Yeah, right now I I have the stream going but I do not have
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  the audio on YouTube. So just bear with me then we
• 11:56
  should be good. Well.
• 12:02
  We're all here in spaces, so. So kind of on YouTube, right?
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  So kind of yeah, it's it's on there.
• 12:09
  I just need to get the audio pumped in.
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  Not very good at OBS, but since kind of we're all here and, and,
• 12:18
  and so kind of want to hear you guys thoughts.
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  What do you think? Like obviously this kind of will
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  unlock a lot for AST. I'm kind of, as we go through
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  these launches, we see more opportunities to expand.
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  And I, I think that's just something we can kind of touch
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  on and it's kind of what's coming next because obviously
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  we've waited a while and now that these satellites are up,
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  it's kind of gets exciting from here.
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  Yeah, Steve Larrison, he once said that launch is not an
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  event, it's a process. It's so we won't to get instant
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  feedback. If everything is successful,
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  there will be a time of deployment and then taking
• 13:01
  things slowly to get the satellite working.
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  So yeah, yes, this set. Well, I'm hoping.
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  For is that they're going to give us the other.
• 13:14
  By the way, hello everyone. That we're going to.
• 13:17
  Get the 2TTC. TTMC part for Notion.
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  I think that's the best thing we can hope tonight is that we have
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  a live bird with a word connection.
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  Yeah, they'll tell us if there is an orbital insertion that's
• 13:36
  successful. And then of course if
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  telemetry's up, we might get to wait a a day or two for that.
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  And if the first like this, sorry.
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  Oh yeah. So you know, a bit of a lie.
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  I I personally got silly high expectations as well because as
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  you know, this is a military motion.
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  You have rest the air and say, oh, that's you.
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  You know, everything's going as it twice, building out, getting
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  the importance. In the mission, this isn't you.
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  Now you're running a telecommunication satellite.
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  Yeah, it's going to. It's likely how you satellite,
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  right and the two firsts. I might miss connection.
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  I'm about to go on a tram route in the Blue Mountains and so
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  it's a question of cell phone connectivity as I go down a
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  mountainside. So I might lose everyone, in
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  which case I'll see everyone on the other side.
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  Thanks for dropping by. But yeah, I think someone did
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  ask me before about what to expect this evening.
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  And so as Kathy mentioned, launch is a process.
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  It's not an event. And so once the once the
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  satellite is inserted into orbit, it's going to take the
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  company some time to detumble it and get in the right spot.
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  And then I would think, and I forget exactly how long it took
• 15:07
  block one, but it, it's going to take several days, perhaps weeks
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  to, you know, turn on satellite, run diagnostics.
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  And then at the right time, you know, just to give you an
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  example, if you had solar flares or certain conditions, you
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  wouldn't want to unfold the satellite, if there's any
• 15:27
  probability that perhaps that might impact the, the unfolding
• 15:31
  process. And so you would wait until the
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  most optimal time, you know, the batteries are charged and
• 15:36
  everything's ready to go and diagnostics look good.
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  And then you would unfold the satellite.
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  And then my guess is, you know, it's not as if the company's
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  going to say, hey, we're going to unfold the satellite a day
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  from now. They're actually going to unfold
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  it and make sure everything's successful.
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  And then they'll PR it at some point, probably a day or two
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  after, which is what they did previously.
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  But Cassie, I, I don't know if you had any additional thoughts
• 16:00
  on that, that part. So the first Blue Walker free
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  took some two months before was fully deployed and then block 1
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  some six weeks. I'm hoping for four weeks this
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  time total. I'm going through the stages you
• 16:22
  mentioned because now they have a more fully developed ground
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  network looking up, you know, more telemetry stations, more
• 16:34
  more gateways. So they'll be able to step
• 16:43
  forward in a faster way through those stages.
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  I think and hope I I remember about Avalon, he actually
• 16:53
  replied to me when Blue Walker 3 was launched that it was
• 16:57
  thermally stable. I'm going to check what that was
• 17:02
  so. So it looks like we're all good.
• 17:07
  If you guys can hear me, we're up running on YouTube and all
• 17:10
  we'll have the the stream ready to be watched on video on
• 17:13
  YouTube and on X and what is kind of kick it in the spaces
• 17:17
  here. I did want to show a high video.
• 17:20
  This was made by red rum and pan posted it and I think it's just
• 17:26
  something that we should all just sit back and watch.
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  So if you don't see the video, I know it's kind of tough on
• 17:31
  spaces, but it is on my X page right now and it will also be on
• 17:37
  YouTube. But yeah, well, let's sit, sit
• 17:38
  back and watch this this hype video and get ready for long.
• 17:44
  Yeah, so I, I checked the Blue Walker three.
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  It was launched on the 10th of September and in 2022.
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  And two days later Abel tweeted that it was communicating with
• 18:00
  ground station and was thermally stable.
• 18:04
  So it was a 2 day delay there. No, hopefully you guys can see
• 18:18
  that video. I know like in the spaces it can
• 18:19
  be confusing with the video, but once we do have launch, I will
• 18:22
  kind of like show with my phone and also input that audio there.
• 18:26
  So I had like kind of list of other topics I want to talk
• 18:29
  about while we're all kind of here.
• 18:31
  So I guess since we, we do kind of have the, some of the legends
• 18:36
  here kind of want to hear from each of you kind of like just
• 18:39
  one by one and Pantuck Cook and Kathy.
• 18:42
  So like in just a few sentences, what was really like the moment
• 18:47
  that made AST kind of click for you?
• 18:49
  And like, what made you really want to like pursue this?
• 18:53
  Cause like looking back, like we've all been doing this like 4
• 18:56
  or so years and looking back, it's like this has kind of been
• 18:59
  a hobby that has kind of like turned into something that is
• 19:03
  changing life and like changing our own and something that we
• 19:07
  obviously like think about all day every day.
• 19:09
  And I think it's something really special here.
• 19:11
  So I just want to hear kind of what made it really kind of
• 19:14
  quite click for you guys and kind of made you take this path
• 19:17
  of like nose diving fully deep. We can start with Kook.
• 19:23
  Yeah, I'll shoot versus Steve I'm gonna have to blow up.
• 19:25
  Thanks for moving speak up alright, I it was applies to an
• 19:29
  Apple the history of several companies to Nevada there and so
• 19:33
  you know pro status for a little the night they announced the
• 19:37
  stock there I was bad looking for Rouzen Spurratus wouldn't be
• 19:40
  another background satellite temperance and what I saw that
• 19:43
  we assumed begin this year was less than technical innovation,
• 19:48
  but the promotional innovation repeated to a regular super
• 19:51
  tossa metal and I felt like that would be the fur they all know
• 19:54
  that it would surprise them out there and so all other devils
• 19:58
  had had plus 10 Vansart. It's been introduced to typical
• 20:03
  challenge of pressing acquisition.
• 20:05
  Press until you have to power out of your segues.
• 20:08
  And each of these trial and vendors were verified protein
• 20:11
  which are none of them are built in their lampas they're all open
• 20:15
  and to avoid with what the tech allowed was frictionless ability
• 20:20
  to venous disorders open on our start running.
• 20:24
  We do M&L is we avoided the casual act of different costs of
• 20:27
  a path met some new rose. The critical insight the company
• 20:32
  had that allowed for it to be an honestly scalable her true bench
• 20:38
  set up for the you know really the title of the bad thirst is
• 20:40
  it set it set itself up burn the Napoli up.
• 20:43
  Well that's good. We need to believe that we you
• 20:46
  know lined up this century that could do you know whatever
• 20:50
  turned out company and also very rare.
• 20:52
  I've never known those myself, but I'm close enough to have a
• 20:56
  taste for. So like when I saw this one
• 20:58
  night out about like if it's cover off the ball and this
• 21:01
  morning, yeah, sort of the other person.
• 21:10
  That was a really good response man.
• 21:13
  Appreciate all the work to do. I think a lot of us have really
• 21:16
  caught on to this through you and it kind of keeps the DD
• 21:19
  fresh. So how about you, Anthony?
• 21:26
  Well, I mean, yeah, I, I guess just, I, I came across ASD Space
• 21:34
  Mobile by already owning, you know, a position in, in NPA.
• 21:39
  And so it was kind of, it was kind of, I guess fate that this
• 21:43
  company fell into my lap. And as I dug into it and learned
• 21:46
  more and saw this strategic packing and I guess your
• 21:51
  thought, thought about the, the technology and how it could
• 21:54
  transform connectivity by using unmodified phones, that that's
• 21:59
  what really, you know, hooked me.
• 22:01
  And so initially though, it was, you know, it was a trade.
• 22:05
  I, I was invested and, and I put together an overview of the
• 22:11
  investment just to see if I could get traction with other
• 22:13
  people. But over time, as I dug in more
• 22:17
  and, and obviously the, the first, the first real kind of
• 22:21
  aha moment was speaking with a bell in April of 2021.
• 22:25
  And I that was a, that was a meeting where I typed up my
• 22:29
  notes and, and posted on Reddit. But that meeting and just just
• 22:34
  talking with the bell and and hearing his passion and his
• 22:37
  conviction about the technology and what it could do to lift,
• 22:43
  you know, to connect the unconnected and lift many out of
• 22:45
  poverty. I mean, that was the key mission
• 22:47
  back then. And so, yeah, for me, that was
• 22:50
  that was the real hook. And but I think over over time,
• 22:54
  I wouldn't have stayed in this investment or had the conviction
• 22:57
  if it weren't for the community. And so as Kathy mentioned, Steve
• 23:01
  Larrison, of course, Katsy Kook Tut, many, many others who I see
• 23:07
  down in the audience below. But yeah, if it wasn't for this,
• 23:11
  this community and, and friendships, I wouldn't have had
• 23:15
  the conviction to stay in it. And and I think, you know,
• 23:18
  there's this connection with people who have invested, but
• 23:22
  also with the company you don't have relationships with.
• 23:24
  So the management teams and we've gone through ups and downs
• 23:28
  in terms of me being an investor being disappointed them or being
• 23:32
  happy with what they've done. But I think just having been
• 23:37
  there so early because, you know, the company typically at
• 23:40
  this stage would not be public, but essentially having a a
• 23:45
  venture investment in this company and kind of seeing it
• 23:47
  through thick and thin over 2021222324 and to see it come to
• 23:53
  this point. Yeah, it's, it's part of my life
• 23:55
  at this point. It's, I was thinking about today
• 23:57
  how I've known the company and been invested for five years and
• 24:03
  it's almost like another child, which is kind of crazy because I
• 24:05
  spent so much time talking about ASD space mobile and, and doing
• 24:09
  things around the investment and, you know, promoting it, but
• 24:13
  also obviously, you know, connecting with people.
• 24:17
  I've made so many friends in real life in the community.
• 24:20
  And so, so yeah, it's, it's, it's something special.
• 24:23
  It's not just an investment. It's not just a hobby.
• 24:27
  I'm not sure what to call it but but yeah, that's that's I guess
• 24:30
  that's a background for me. Awesome.
• 24:36
  Thank you so much. Really appreciate it Tut and
• 24:40
  love to hear kind of withdrawn you this way.
• 24:44
  Yeah, so I came across it when this bag deal was announced.
• 24:48
  I think Ann and Cook were posting about it regularly.
• 24:52
  Didn't have like really much of the big position back then.
• 24:57
  Throughout 2021, kind of followed the story along and
• 25:00
  then obviously 2022 the market had a big downturn.
• 25:04
  I kept following along. Blue Walker 3, the launch was
• 25:08
  successful and in early 2023, it's kind of like when I fell in
• 25:12
  the rabbit hole and seeing all the due diligence that was
• 25:17
  posted by Steve Larrison, by Kook, by Anpan, by Catsy was
• 25:22
  very eye opening. And having travelled a lot all
• 25:26
  over Africa, Asia and South America, understanding the
• 25:31
  importance of connectivity and the death spots and dead zones
• 25:35
  all over. And that's kind of part of this
• 25:37
  thesis for my investment is a lot of people are looking at it
• 25:41
  one-dimensional, just focusing on the US mortgage or Europe.
• 25:45
  Obviously those are most commercial lucrative, but at the
• 25:49
  same time say like 80% or more of the world really needed just
• 25:55
  for day-to-day connectivity across different parts.
• 26:00
  So I've been following along and seeing how the thesis has kind
• 26:04
  of evolved with the launch of Block 1 and the continuous
• 26:07
  validation of the technology and the amount of bears that is
• 26:11
  continued to bash the stock with our friend and for many others.
• 26:15
  I think that has kind of like just made my conviction even
• 26:19
  stronger. And as Ampan said, like this
• 26:21
  wouldn't have been possible without every single person in
• 26:25
  this space mob, every single person in the spaces as a whole.
• 26:28
  It's it's truly something something special.
• 26:37
  Wow, that was that. That was very powerful.
• 26:39
  Man here hearing kind of like all your stories combined at the
• 26:43
  same time is, is super, super cool now that we're all kind of
• 26:46
  here together. And like reflecting back, it's
• 26:48
  like back when you were talking about this in 2021, people were
• 26:52
  just saying, this is a PowerPoint.
• 26:54
  This will never amount to anything.
• 26:56
  But we knew, we knew who was invested.
• 26:58
  We knew these big companies knew what they were getting behind.
• 27:01
  And we ultimately trusted the process.
• 27:03
  And I think that talks a lot about us and kind of like that,
• 27:08
  that we spent all this time with all this, this research and all
• 27:11
  you guys do. And at the end of the day, it's
• 27:13
  it's a hobby that has kind of just piqued our interest.
• 27:16
  And I was, I was thinking that earlier today I was sitting
• 27:18
  there and I was like, like before this ASD in space mob,
• 27:22
  like what was I doing with my spare time?
• 27:24
  What was I like? I didn't kind of really think of
• 27:26
  anything. I was super, super kind of into
• 27:30
  and we're just like read about everyday dialed in.
• 27:32
  And I think it's something special.
• 27:35
  So now I'm Next up. I'd love to hear from Katzie
• 27:38
  kind of what got him kind of into this stock.
• 27:43
  For me it was a finance market professional on Facebook writing
• 27:48
  about the stock in Swedish and then later I found Reddit and
• 27:55
  that exact write up for AMPA man when he met with the bow.
• 28:03
  Also the Marshak video and we all are more interested in
• 28:14
  different aspects of the company and I'm not coming from the
• 28:20
  business model and financial aspects of it.
• 28:24
  I I was more my curious, curious was picked by by the technology
• 28:29
  aspects of it and I started researching that.
• 28:37
  And as the other said, I, I wouldn't have been there and not
• 28:40
  as heavily invested unless the team effort because then I can
• 28:47
  understand the other aspects better by reading what the other
• 28:50
  contributors shared. But yeah, we're, we're living in
• 28:53
  the information age. And so a lot of the big
• 28:58
  companies that they're doing data transport or or information
• 29:06
  of some kind, just look at the big companies in the US stock
• 29:10
  market. And for me going from towers to
• 29:17
  satellite was just another natural leap spatial leap, high
• 29:24
  ground of course. And these these huge face to
• 29:33
  raise that they are a bit like general purpose technology.
• 29:37
  If you look at their use case down on Earth, they're not just
• 29:43
  used to communications, but but other things sensing.
• 29:46
  And I've always had an interest in military technology and I I
• 29:51
  see them as a multi use case, multi user tool that has other
• 30:00
  use cases. So we're very interesting to
• 30:03
  understand the technological aspects of it.
• 30:10
  Some loop back I think, I don't know what that is, but so the
• 30:21
  space domain is accessible by by things that don't burn on re
• 30:28
  entry like sensing, communications and computing.
• 30:33
  And so this brings that aspect to the terrestrial networks.
• 30:44
  So it's a really interesting time.
• 30:48
  Yeah, I'll end there. Now, very interesting stuff.
• 30:53
  It's very exciting. I'm, I'm very grateful we're all
• 30:56
  kind of in this journey together with the space mob.
• 30:59
  I, I finally believe I do have the audio going.
• 31:02
  It's weird like I was doing I was using Google Chrome and for
• 31:06
  some reason it just kept cutting out of the spaces.
• 31:09
  So so maybe next time we'll use a different audio to kind of go
• 31:12
  about that, but should be good now like we're going to be good
• 31:15
  for the launch. I'm going to make sure we're all
• 31:18
  good. So appreciate you guys sticking
• 31:20
  around on YouTube and like the X video right now I'm just kind of
• 31:23
  showing the the launch logo, which is which is very, very
• 31:26
  cool. So Speaking of launches, we just
• 31:30
  shipped this new one to Cape Canaveral and super exciting.
• 31:34
  I love the way the PR lined up. It's just beautiful to see that
• 31:39
  as we make progress and move towards the launch that's
• 31:42
  happening today that we have more lined up and it's going to
• 31:47
  keep building from there and going from there.
• 31:50
  So in terms of launch, do you guys have any predictions of
• 31:55
  when the next one will be? So you have about 30 days after
• 32:07
  shipment. It's the usual time.
• 32:11
  Yeah. So probably at the earliest
• 32:13
  would be late January for this next one, but it depends like if
• 32:19
  it's on this on Falcon 9 or if it's on New Glen, my I'm just
• 32:26
  throwing this out there. But if it's on New Glen, it
• 32:27
  might take a little longer just given that it's a new, new
• 32:31
  vehicle. And so integrating into that
• 32:34
  fairing might take a little longer versus Octa 9.
• 32:38
  But then again, the company has been working very closely with
• 32:41
  Blue Origin. So I'm guessing that Blue Origin
• 32:45
  probably has been given early heads up in terms of specs and
• 32:49
  they probably been working on the adapter to to mount it on to
• 32:55
  a Blue Origin New Glen fairing in addition to whether that's
• 33:00
  one, a configuration of one or configuration of eventually 6:00
• 33:04
  to 8:00. But but yeah, holy late January.
• 33:11
  Awesome. Yeah, I definitely think that
• 33:14
  New Glenn kind of getting this implemented and working is kind
• 33:18
  of their main mission now. Like as you can see on the site,
• 33:20
  we're one of the first big clients.
• 33:22
  And when you're building these rocket businesses, you need a
• 33:24
  lot of business upfront to be able to afford to build these
• 33:29
  and build these boosters. And things are always going
• 33:32
  wrong. And I can't even imagine how
• 33:34
  much money is eaten up in the launch industry, especially when
• 33:39
  you're using reusable rockets. So having a reliable customer
• 33:43
  like AST right off the bat is truly just a win win for both
• 33:49
  AST and both Blue Origin and Jeff Bezos.
• 33:52
  Because this way we have the ability to be able to launch
• 33:59
  more frequently if we're their main customer and also more at a
• 34:03
  time because their rocket will ultimately be able to hold the
• 34:08
  the most AST Bluebirds. So whenever I do talk to my
• 34:13
  friends as such, I'm like, once this Blue origin rockets going
• 34:16
  the path of full connectivity could be here faster than we
• 34:19
  know it. And it's kind of weird looking
• 34:22
  back and, and thinking that because it seems like we just
• 34:26
  been like kind of choked up. And it's not even like the
• 34:29
  company's fault. It's just hard to get these
• 34:31
  launched up and into space. But once you have a rocket that
• 34:34
  shooting 6 to 8 up at once, it's like as these batches roll out
• 34:39
  as the factories making eight or six satellites a month, it's
• 34:44
  really getting a pick up fast. And I honestly think like a a
• 34:49
  year from right now, we might be doing a launch stream using ASC
• 34:52
  Space Mobile. Yeah, that would be ideal that
• 35:00
  that is a possibility. But yeah, once, once I get
• 35:05
  production cadence up, then these launches will become
• 35:09
  pretty regular. I mean, it's going from a
• 35:13
  company that launched Blue Walker 3 in 2022 to then the
• 35:17
  five Block 1 satellites in 2024 to then being able to launch 45
• 35:24
  to 60 satellites in 2026. It's going to be pretty crazy.
• 35:29
  I mean, you know, if, if you can't make a launch, if, if you
• 35:37
  can't make a launch party down at Cape Canaveral, there's going
• 35:39
  to be many behind it. As we've joked, some of us maybe
• 35:42
  we should just buy a house down there and since there'll be so
• 35:45
  many, we'll fly down there and just hang out there.
• 35:48
  But I think the. Whole lot.
• 35:53
  Are we talking like space mob house?
• 35:56
  Yeah, we're just Jersey space mob.
• 35:57
  Like space mob like Jersey Tory Shore type house where you can
• 36:01
  like overlook the launch, have a patio back there with the grill,
• 36:04
  James. Right.
• 36:06
  Save on, save on hotel rooms. But I think, yeah, it'll be,
• 36:11
  it'll be interesting because at that point, I think for
• 36:15
  investors and and Wall Street, it's going to be very visible.
• 36:19
  You're going to have this launch campaign of so many, so many
• 36:22
  satellites going up, whether it's three on Falcon 9 or 6 to 8
• 36:26
  on Blue Origin, New Glen. And so I think the, the relative
• 36:32
  unknown AC space mobile is going to become very visible through
• 36:37
  those launches. And so, yeah, awareness is going
• 36:39
  to spread and we're going to get initial commercial service.
• 36:42
  It's going to be intermittent and then as more and more
• 36:46
  satellites are added to the consolation similar to what
• 36:48
  happened with Starlink direct to cell where initially it was like
• 36:51
  very intermittent, but then services improved.
• 36:53
  You know, they're at 650 satellites.
• 36:56
  Once we get to 60 satellites this the services could be
• 37:00
  pretty good. And and then once you get to
• 37:02
  100, you know, the expectation is that at least here in the
• 37:06
  United States, it should be pretty seamless and, and pretty
• 37:10
  fulsome. But but I don't know Catsy.
• 37:12
  Do you have anything else to add there?
• 37:14
  Yeah, I've been thinking about that because when they get
• 37:20
  enough satellites up that they have the opportunity to, if they
• 37:24
  choose to use more narrow field of view, what they do with a
• 37:33
  wide field of view is to use few satellites to create continuous
• 37:38
  coverage. But the the limiting cases is
• 37:42
  the edge cells. To keep them small you need to
• 37:46
  use the entire array. If you narrow the field of view,
• 37:51
  which you can do when you have a lot of satellites up, you can
• 37:55
  concentrate on smaller footprint and create much more narrow
• 38:02
  cells and still keep the cells the same size.
• 38:06
  That would increase the area spectral efficiency and I wonder
• 38:11
  if they do that when they go beyond continuous coverage and
• 38:16
  they can choose to create smaller cells.
• 38:23
  That's an interesting way to increase the throughput of of
• 38:29
  the constellation. Another way is of course
• 38:35
  launching shells that operate in other cellular bands MIMO.
• 38:43
  So we'll see how that develops. So once if ASC does start
• 38:52
  launching and and get different bands kind of as this
• 38:55
  consolation builds up like what are some of the like positives
• 38:59
  to that obviously like for like defense uses, I assume.
• 39:08
  Quality of service will increase and for the cases where one
• 39:17
  higher frequencies works best, which could be free line of
• 39:21
  sight not not one wall in for example, then they can take care
• 39:28
  of all that traffic and you can use low band for the most
• 39:32
  difficult cases under foliage and inside the house and stuff
• 39:38
  like that. And that will be using the right
• 39:43
  tool for the right job sort of thing that will overall create
• 39:48
  better throughput and quality of service.
• 39:51
  But when you launch more shells, this will be a much more dynamic
• 39:58
  network than than the cellular. Terrestrial network with the
• 40:04
  towers is more static. You have the same line of sight,
• 40:11
  the same direction to the tower, but the satellites did they
• 40:17
  move. And so when you have several
• 40:21
  satellites and several frequency bands, it will be better
• 40:25
  quality, more even quality of service then if it's just one
• 40:32
  band, because then it will sort of be better based have have a
• 40:39
  variation in the quality of service it it will it will get
• 40:43
  much better. And also the higher frequencies
• 40:49
  that they come not just with wider spectrum band that, that
• 40:55
  the satellite can use, they also come with smaller cells so that
• 41:02
  they serve fewer users in, in smaller cells.
• 41:09
  So they can simply they, they have great capacity.
• 41:17
  They they, they have a lot of throughput to to the throughput.
• 41:21
  So expect Block 3 Bluebird satellite operating in Allen,
• 41:28
  the S bands to have some 10,000 cells down on planet Earth and
• 41:39
  Block 2 will just have 1/4 of that one quarter.
• 41:44
  Yeah. Yeah.
• 41:47
  The, the other thing I would add is that Block 2, which is what's
• 41:51
  being launched this evening, those are going to be focused on
• 41:55
  low band cellular spectrum and that is to fill coverage gaps.
• 42:00
  And so where a terrestrial, you know, network exists and MNO,
• 42:05
  you know, if they're, if they're covering a certain area, the,
• 42:10
  the satellite will not beam down a signal to that area because
• 42:12
  it, it doesn't want to interfere and there's already an existing
• 42:15
  network. And so if you could imagine
• 42:18
  you're just painting all the empty spots with the Bluebird
• 42:21
  satellite to provide service over low band spectrum.
• 42:26
  But then once the mid band shell is up, which is block 3, that's
• 42:30
  going to be 100% coverage nationwide.
• 42:33
  And so it actually will overlap with the threshold network
• 42:35
  because it's a different frequency.
• 42:37
  It's, you know, anywhere as low as 1.5 gigahertz to as high as
• 42:42
  2.52.6 gigahertz. And so that that network is
• 42:47
  actually going to be 100% coverage and even in the city,
• 42:53
  to the extent that, you know, a, a mobile user needs that
• 42:57
  network, it will be available because it, it will overlap with
• 43:00
  the threshold network. But more importantly that that
• 43:04
  consolation can then be used. And this is the mid band
• 43:07
  consolation for other applications like for example,
• 43:11
  autonomous vehicles, drones, IoT.
• 43:15
  And that that could be or that will be in partnership with AT&T
• 43:18
  and Verizon here in the US, But then AST could also partner with
• 43:22
  some other companies, you know, to provide service that could be
• 43:27
  outside of the M and OS. But but yeah, that's that's the
• 43:30
  key difference where the terrestrial, the block 2 blue
• 43:34
  birds that they're providing more, you know, dead spot
• 43:37
  coverage. And then the block 3 will be
• 43:40
  100% mid band high capacity data coverage.
• 43:44
  But then, you know, just like you see with Starling today,
• 43:47
  which uses a mid band spectrum, that spectrum is not going to,
• 43:51
  it can carry a lot to data, but then it cannot travel through,
• 43:56
  you know, it doesn't have as good propagation
• 43:58
  characteristics. So it may not go through a wall
• 44:00
  or a roof or it should be able to go through your car.
• 44:03
  But but yeah, so but yeah, it is, it's Cassie mentioned.
• 44:08
  Once you have, you know, 2 shells up focused on different
• 44:12
  frequencies, the quality of service goes up because then you
• 44:14
  can for a mobile phone, you can mix and match depending on the
• 44:18
  need. Your your phone will connect to
• 44:21
  the satellite and they'll be also be able to aggregate
• 44:24
  capacity which which cats you talked about, which is MIMO
• 44:27
  where you can do carrier aggregation.
• 44:29
  You can utilize both low band and mid band spectrum to
• 44:33
  increase throughput. That's all very interesting
• 44:42
  stuff. It's it's, I always do like talk
• 44:45
  to you guys because getting into the technicals is really fun for
• 44:48
  someone who mostly just kind of follows them from the company
• 44:52
  standpoint. And I always learn a lot when I
• 44:55
  when I hear from you guys. And I appreciate you guys
• 44:57
  bringing that info because for some people that are especially
• 45:00
  me who are invested in the stock, it's like, OK, exactly
• 45:04
  how does this work with the bands and all that?
• 45:07
  And without Catsy and you guys and Kukui kind of explaining it,
• 45:11
  I feel like a lot of us would be like just confused.
• 45:14
  So shout out there. So I had a few more topics I
• 45:20
  wanted to kind of touch base on. Obviously like kind of the big
• 45:25
  thing with as we launch more and kind of as we see these, these
• 45:30
  executive orders coming in with a bunch of spending in the space
• 45:34
  industry and looking for satellites doing stuff with,
• 45:38
  with all this Golden Dome talk, I think it's I think we should
• 45:43
  kind of get into the Golden Dome a little.
• 45:45
  I know Katzie just posted a tweet the other day that was a
• 45:50
  banger and really made me think like, wow, like what ASD is
• 45:54
  doing here has so much capability to get this contract
• 45:58
  as we get this constellation up. So Katzie, if you want to kind
• 46:01
  of dive into some of the Golden Dome in the specifics and why
• 46:04
  ASD is good for, I think a lot of people watching right now
• 46:08
  will appreciate that because the M&O side is pretty easy to to
• 46:12
  follow here. We're doing a pretty simple
• 46:16
  revenue share on the subscribers with them and we know who needs
• 46:21
  this service. People who want to feel safe,
• 46:22
  want to feel connected. That's kind of the easy side.
• 46:25
  But like once you start looking into what else these satellites
• 46:28
  are capable of is when it gets really fun and interesting.
• 46:31
  So I'd love to hear some of your Golden Dome take.
• 46:38
  Right. So and recently the company has
• 46:42
  alluded to this also that they have I believe 8 contracts with
• 46:47
  the US Department of War and they have identified 10
• 46:57
  different use cases. So that's, that's a lot.
• 47:03
  And, and again, what, what can we do with space?
• 47:07
  We can do things that aren't tangible.
• 47:10
  We can sense, we can compute, we can communicate.
• 47:16
  So collect data, disseminate data and analyse data.
• 47:23
  And we do that using something that also is not tangible
• 47:32
  natural resource, that's radio frequency spectrum.
• 47:37
  So it's in that within that broad scope that these use cases
• 47:48
  are, you can also use directed energy for say jamming or such
• 47:58
  spoofing. Then what's unique about ASD is
• 48:09
  a lot of things really, but foremost the power aperture.
• 48:16
  And that's a key performance metric of based array sensors.
• 48:23
  Nothing is as big and as powerful and it allows to sense
• 48:34
  things at longer distance at high resolutions.
• 48:40
  They also have advanced beam forming.
• 48:43
  They can form, shape the beams, their directivity, their power,
• 48:52
  their shape and do that dynamically.
• 48:58
  They have advanced side lobe controls through tapering, so
• 49:06
  they use different level of power over the phased array.
• 49:11
  We, we know all these things from patterns that they have
• 49:15
  published. And this opens up for for for
• 49:22
  using your network as a sensor that they're also connected to
• 49:28
  Common Core for the commercial case that down on planet Earth,
• 49:34
  it doesn't have to be, it can be in space.
• 49:38
  And so you can use the rays in a multi static mode.
• 49:42
  You can use them as yeah one can send a signal and others can
• 49:52
  listen and form a virtual larger array or an ever omnipresent ear
• 50:01
  if you like. You can also use them for the
• 50:05
  active part and then listen to them from from surface or
• 50:11
  terrestrial Raiders that can go silent then just listen.
• 50:15
  Laos speak existing platforms to go silent and not reveal their
• 50:22
  position while they still can use their Raider erase to listen
• 50:26
  if someone else illuminates the targets.
• 50:31
  They also have this interesting angle from space, not just
• 50:38
  shooting parallel to the to the their beams parallel to surface
• 50:45
  of the earth, but looking down, which helps for getting another
• 50:52
  radar cross section for things like stealth aircraft
• 50:56
  hypersonics. So and then ASD has this aspect
• 51:04
  of now ramping up to six satellites per month in the
• 51:09
  continuous flow which will produce set of tiers or or
• 51:18
  shells or satellites. So it's.
• 51:25
  A. Bit like Starlink is a
• 51:27
  continuously producing machine that that puts these satellites
• 51:34
  up. And I think the military would
• 51:37
  be very interested to have such a path to, to in in a rapid way
• 51:47
  and continuously and over time iterate for, for improvements,
• 51:53
  not just do a batch and then have to start all over again.
• 51:59
  It's a, a way to iterate faster. And so they, they have this
• 52:06
  ability to, to sense that's the way terrestrial Raiders do the,
• 52:12
  the way we have space domain awareness.
• 52:16
  Now that's big face to race down on Earth looking up, having a
• 52:22
  big face to ray out in space, looking down or looking
• 52:25
  sideways. It's not very different.
• 52:30
  But so this Reagan, he, he, he thought he'd build this Star
• 52:38
  Defence Initiative or Star Wars people call it.
• 52:42
  But the technology wasn't mature back then, certainly not for
• 52:47
  space based Raiders. It was much too expensive and
• 52:53
  difficult. But now in this day now these
• 52:57
  technologies within reach and to a near the outgoing boss of
• 53:05
  space development agency, it's said that the technologies
• 53:09
  within reach for space based radar is said this in I believe
• 53:12
  September. So that that's one interesting
• 53:18
  use case, that sort of sensor that will complement the thermal
• 53:27
  infrared sensors of other companies to get the sensor
• 53:32
  fusion to detect objects and to track them.
• 53:41
  Then there are a lot of other use cases, military use cases
• 53:45
  like YAM spoof proof, positioning and navigation and
• 53:51
  timing and you have of course communications.
• 53:57
  That's the big base use case of space mobile technology is to be
• 54:03
  able to connect to small radius. These days we have a lot of
• 54:08
  small radius deployed in more, more radius than soldiers,
• 54:15
  radius on drones, radius on weapons and distributed sensors
• 54:20
  and weapon radius on the soldiers themselves.
• 54:26
  And ASD has, together with Fairwinds, tested that with the
• 54:32
  Android Tactical Assault Kit. So it's wide range of military
• 54:41
  use cases and ASD has the opportunity to deliver some of
• 54:51
  those without totally reinventing their satellites and
• 54:58
  that speaks a lot to the efficiency of the whole
• 55:03
  operation. If you can for a set cost
• 55:07
  deliver something that has multiple use cases and multiple
• 55:14
  users, then you can take that research and development cost,
• 55:21
  the cost of building a factory production line and sell that
• 55:25
  yet yet another time or or a couple times.
• 55:30
  And that is another aspect of this company that may
• 55:34
  potentially makes it very, very profitable and there.
• 55:40
  Awesome. Wow, you're you're on top of it
• 55:43
  for being 2:30 AM over there. Love it.
• 55:47
  So yeah, but very interesting stuff going to Catsy.
• 55:54
  So very, very, very cool stuff here.
• 55:56
  So a little more on the Golden Dome here.
• 56:02
  The fact that the company has mentioned it a few times just
• 56:06
  kind of shows that they're definitely kind of all in for
• 56:09
  this contract and the fact that the government's using US.
• 56:12
  I think it's just a matter of time as we do these launches and
• 56:16
  get these tested where the government will have its moment
• 56:18
  where it clicks and it says, all right, it's time to sign on to
• 56:22
  this because this is technology that our country will need
• 56:26
  moving forward and this is the best way to do it.
• 56:28
  So and Pan, I would like to hear a kind of few of your thoughts
• 56:34
  on Golden Dome and why you might think of it or AST might get it.
• 56:38
  And also I have someone that just requested to join here who
• 56:43
  I think we used to live in India or something by ISRO.
• 56:46
  So I'll have him come up next. But yeah, I'd love to hear some
• 56:49
  of your your thoughts on Golden Dome.
• 56:51
  Yeah. I mean, as I've shared in spaces
• 56:53
  before, the company has gone from being somewhat, you know,
• 56:58
  they've dropped a few hints here and there, but overall pretty
• 57:00
  cagey about it. Versus in more recent investor
• 57:04
  conferences, Bank of America and UBS, Scott has been a lot more
• 57:11
  vocal about being involved in Golden Dome.
• 57:13
  And so as Katzen mentioned before, outside of just Golden
• 57:18
  Dome, you know, the company now has 9 contracts with Department
• 57:23
  of War, SDADIU and some others that they haven't disclosed.
• 57:29
  So you know, we are involved and, and these, the satellite
• 57:32
  that's going up this evening is likely part of the Halo program
• 57:36
  and so is BB7. And so, you know, we are these
• 57:41
  these two satellites are going to demonstrate the, the
• 57:43
  capabilities of of what the company has to offer.
• 57:46
  And you know, there's a whole host of things that is Katsu
• 57:50
  mentioned would be applicable to Golden Dome.
• 57:53
  But you know, I would say in, in regards to actual like Nuggets,
• 57:58
  you know, this company has talked about ramping up capacity
• 58:03
  potentially beyond six satellites a month to up to
• 58:05
  11:50. And you know what was mentioned
• 58:09
  along with that is the potential to make satellites for the
• 58:12
  government. The other thing is that the
• 58:15
  company has gone from I think it was over the summer like 400,
• 58:20
  four, 100,000 square feet of manufacturing to more recently
• 58:24
  500,000 square feet. And then in the third quarter.
• 58:28
  And also at UBS, Scott mentioned that they are, are now or
• 58:32
  actually it was at UBS conference, they're actually
• 58:34
  looking for additional manufacturing space in Midland,
• 58:37
  TX in order to build more microns.
• 58:40
  And there will be that, that facility once they find it and
• 58:44
  and stand it up, that will be a dedicated facility just for
• 58:47
  making microns. And so clearly the company has
• 58:50
  ambitions to to build additional satellites beyond what they need
• 58:54
  for the 1st 2 shells. And then at the end of the UBS
• 59:01
  presentation, he did talk about very specific thing.
• 59:04
  This again, this is Scott Wisniewski.
• 59:06
  He talked about once the 2 shells are up, which would be
• 59:10
  the block 2 and then block 3 shells, low band, big band
• 59:13
  shells. The he did talk about
• 59:15
  potentially, you know, having a third government shell, which
• 59:20
  again, I think goes back to the military use case.
• 59:22
  But if you think about what the Bluebird satellite is in
• 59:27
  essence, and then you know, Elon Musk has talked about this quite
• 59:30
  a bit. Each satellite has the ability
• 59:33
  to generate 100 kilowatts of power based off our estimates.
• 59:36
  If you include the potential of this this solar tail that that
• 59:40
  Catsy has diligence or shared his his perspectives on, you
• 59:45
  know, you're looking at anywhere between 100 to 120 kilowatts of
• 59:49
  power generation. And then you know, you have
• 59:52
  using the phased array for sensing and communications.
• 59:56
  That's a very powerful asset to have and I think.
• 1:00:00
  When contemplating this whole notion, I know it's it's kind of
• 1:00:03
  overused buzzword, but AI data centers in space, if you think
• 1:00:09
  about Golden Dome, you will need some level of compute, AI
• 1:00:12
  compute capacity out in space. And so Bluebirds would be a
• 1:00:16
  perfect vessel to host that because if you think about the
• 1:00:21
  idea of Golden Dome and in a situation where if the US was
• 1:00:25
  under attack or allies who were, you know, there, there's a,
• 1:00:28
  there's a potential for European golden Dome that, that AST might
• 1:00:31
  be involved in. You would want AI computing out
• 1:00:35
  in space. Because if you rely if that
• 1:00:39
  consolation, Golden Dome relies on solely terrestrial
• 1:00:42
  processing. If if some missiles get through
• 1:00:46
  and, and you have a number of assets that are destroyed on on
• 1:00:49
  Earth, for example, data centers, then then that renders
• 1:00:53
  the consolation basically useless, right?
• 1:00:56
  So you'll need some level of computing power out in space
• 1:01:00
  And, and that computing power should be autonomous in case
• 1:01:03
  people down on Earth can't respond or, you know, because of
• 1:01:09
  the conflicts, maybe they're, they, they're incapacitated or
• 1:01:12
  the networks are jammed or whatever it is, right.
• 1:01:14
  And so I think having AST Bluebirds in a the way that I've
• 1:01:21
  thought about it is they would almost be the quarterback of the
• 1:01:25
  Golden Dome system where you have these large satellites that
• 1:01:28
  have a tremendous amount of power and can do all these
• 1:01:32
  different functions, but also host payloads for processing and
• 1:01:37
  and you know, intelligence, right.
• 1:01:39
  So, so yeah, I think I know that there was some concerns from
• 1:01:44
  people that their initial Golden Dome recipients were out there.
• 1:01:48
  And from what we understand, that's just kind of the first
• 1:01:52
  round. There's going to be more.
• 1:01:53
  And I think especially for ASD with this new form factor, which
• 1:01:57
  is the block to satellite, I assume the the government's
• 1:02:00
  going to want to see one or two satellites up and running.
• 1:02:03
  And basically, you know, a significant amount of of the
• 1:02:09
  this new this new spacecraft being de risked and operating
• 1:02:13
  functionally before making any type of commitments.
• 1:02:16
  But for all intents and purposes, like I think the
• 1:02:19
  company and all, all Golden Dome recipients, they all know what
• 1:02:24
  phase they're in and whether or not they're well positioned.
• 1:02:26
  And I, I don't think you would see the level of spend and
• 1:02:30
  capital raised by the company and discussion around it without
• 1:02:34
  them feeling pretty damn confident that they're going to
• 1:02:37
  get it. So, so, yeah, I'm, I'm very
• 1:02:39
  optimistic. I think we'll find out probably
• 1:02:42
  in the next month or two. And that's, you know, that's
• 1:02:45
  just add that to the to the hopper of all the different
• 1:02:49
  things that are going to be happening whether launch BB7BB8
• 1:02:52
  through 10, BB 11 through 13. You know, we've got FCC approval
• 1:02:57
  for U.S. market access coming sometime in probably January,
• 1:03:00
  February. We have a number of other MN OS
• 1:03:04
  that are probably going to sign definitive agreement soon.
• 1:03:06
  And there's some speculation that we will get another big
• 1:03:09
  Middle Eastern one perhaps sometime in January.
• 1:03:13
  And so, yeah, there's a lot going on.
• 1:03:14
  So lots to be excited about. Golden Dome is just kind of 1
• 1:03:18
  little piece of all these different aspects of the
• 1:03:22
  company's business who I think you know for 2026, it's going to
• 1:03:25
  be an outstanding year. Spot on and it is pretty crazy
• 1:03:34
  to think about like this whole ecosystem of ASD and I've never
• 1:03:39
  really followed a company with just so much sheer like every
• 1:03:43
  week. I just feel like it's like what
• 1:03:45
  what's going to happen? And as we move towards the
• 1:03:48
  future and as like the government gets more on board,
• 1:03:53
  it's truly insanely exciting and the the AI Space Center is in
• 1:03:59
  it. I am glad you brought that up.
• 1:04:02
  So like last night before Osborne and sleep, I was playing
• 1:04:04
  with around with like in I I was going to publish it by right now
• 1:04:08
  time. I was like in an ASTS launch
• 1:04:12
  bingo card and I know there was definitely a spot that says and
• 1:04:15
  pen talks AI space centers. So, so I love it, but that's.
• 1:04:21
  Good. I I, I had that I had I had like
• 1:04:26
  catsy gets into the technicals of golden Dome, but I I had cook
• 1:04:30
  saying know what you own, but I don't think you said it.
• 1:04:32
  But he'll probably back at some point, but some what time I'm so
• 1:04:39
  AST. So their webcast going, it's
• 1:04:42
  going to start in about 13 minutes here.
• 1:04:44
  So we're just going to kind of keep talking AST once it comes
• 1:04:47
  on, I'll pump in that audio and then like the video will also be
• 1:04:51
  on our X YouTube and the audio will be here.
• 1:04:55
  We can kind of like I assume they're going to be talking.
• 1:04:58
  I think they have a factory tour like to show some of the
• 1:05:02
  production line. And I'm, I'm very excited to see
• 1:05:04
  that because it's always so cool seeing like the inside of these
• 1:05:08
  massive factories and how many like employees that have working
• 1:05:12
  on these and just the sheer size.
• 1:05:15
  It's like I can't even imagine the size of the rooms to build
• 1:05:19
  these new satellites, right? Like you walk in there, it's
• 1:05:22
  probably it probably doesn't feel real.
• 1:05:26
  I'm not too sure. Like on the I I assume they I
• 1:05:30
  I'm sure cats are and pen. No, I I assume they manufacture
• 1:05:33
  them all in like 1 giant room maybe, I don't know.
• 1:05:40
  That's a good question, I've never visited.
• 1:05:42
  Yeah, I go. I wonder if it's just a giant
• 1:05:44
  warehouse where they kind of build it all together.
• 1:05:48
  But I get it. Yeah, they have two spaces, one
• 1:05:50
  in Odessa the the main facility and then they also have Midland.
• 1:05:54
  And so they, they do build different pieces, but I'm not
• 1:05:58
  sure where I, I think I'm Odessa is where they do the final
• 1:06:02
  assembly. But yeah, they're, they're cook
• 1:06:06
  and I, we're going to go down to Midland for a tour at some
• 1:06:10
  point, but it's just never, never came together.
• 1:06:13
  But but yeah, if Scott's listening, we're ready for the
• 1:06:16
  tour, so. Yeah, Scott, Scott, sign us up.
• 1:06:20
  We'll make you some amazing content.
• 1:06:22
  Wink, wink. The the Odessa site has several
• 1:06:27
  buildings and so the assembly of subsystems into the control set
• 1:06:34
  is in one of the larger buildings simply from from
• 1:06:40
  watching images that ESTs released, but then assembling
• 1:06:46
  the the subsystems and the smaller subsystems are of course
• 1:06:53
  in other buildings. And then there is also at the
• 1:06:59
  Odessa site the shake and bake process or of thermal vacuum
• 1:07:07
  tests and vibration tests that take place before shipping off
• 1:07:12
  to the launch provider. So they don't do that off site,
• 1:07:18
  they do that on sites and cuts a couple of weeks from the process
• 1:07:24
  of shipping it to to an third party test facility.
• 1:07:30
  So. But not everything take takes
• 1:07:34
  place in one big room, just the final assembly when they put the
• 1:07:41
  smaller subsystems into the control set.
• 1:07:45
  Under control set is built in in in one part and these subsystems
• 1:07:53
  in other. Parts so very awesome, very
• 1:07:56
  interesting so and hand man. So what made you like come up
• 1:08:02
  with that idea to order 26 bottles of champagne to to to a
• 1:08:05
  bell today? Is that just a random thought?
• 1:08:09
  Well, you know, I actually, I've done it once before in my
• 1:08:12
  career. There was a back in the day when
• 1:08:16
  when I guess it was like my second year into my hedge fund
• 1:08:20
  career, there was a company that was bought out.
• 1:08:23
  It was a company called 3 Par and it was a subject of a
• 1:08:26
  bidding war between Dell and HP. And it started out at like
• 1:08:29
  $18.00. And it was a position that I had
• 1:08:31
  and, and the two companies, HP and Dell, like, went after each
• 1:08:35
  other to try to win this thing. And it ended up going selling
• 1:08:38
  for $33 after a public bidding war.
• 1:08:40
  And so I'd actually known the company before they went public.
• 1:08:44
  And to celebrate, because I made so much money, I sent them 33
• 1:08:48
  bottles of champagne for each each dollar that they were able
• 1:08:51
  to, to get. And so I just thought about
• 1:08:55
  doing something special. We actually, as the mob, a few
• 1:08:58
  others, we, we had talked about potentially getting a food truck
• 1:09:02
  or something for the employees down the Midland just to give
• 1:09:06
  them, you know, acknowledgement that we really appreciate all
• 1:09:09
  their hard work. Because I the, there, I think
• 1:09:11
  there's like 3 shifts going on and people are, you know, it's,
• 1:09:13
  they're, they're burning them in at all to make these satellites.
• 1:09:16
  I mean, I think we all understand that this is hard and
• 1:09:20
  there's delays, but there's also a human element to it, right?
• 1:09:22
  Like there's actually people who are working their tails off
• 1:09:26
  making sure that these satellites are put together
• 1:09:29
  properly tested. And so, yeah, I wanted to do
• 1:09:32
  something nice. I'd, I'd, I'd asked the company
• 1:09:35
  before, Hey, can we send a food truck down there?
• 1:09:37
  But I think there was some concerns around security or
• 1:09:40
  other things. And, and so in, in terms of
• 1:09:45
  coordination might have been been tough.
• 1:09:48
  So just on a whim, I guess it was like a 2 two or three days
• 1:09:52
  ago. I just decided to send some
• 1:09:54
  champagne down to Midland. Is a, is a token of things for,
• 1:09:58
  for on behalf of all of us really.
• 1:10:00
  So hopefully they get to enjoy it.
• 1:10:01
  I'm not sure where management is.
• 1:10:03
  I'm, I'm assuming that maybe Abell and Scott are one or or
• 1:10:07
  both of them are either or someone's representing us in
• 1:10:10
  India. And then they're probably at the
• 1:10:12
  command center in Maryland is my guess.
• 1:10:16
  But who knows? Who knows where they're maybe
• 1:10:17
  maybe they are in Maryland, but maybe we'll see.
• 1:10:20
  Like I I think it'd be really cool in the YouTube live stream
• 1:10:23
  if they actually show employees in the various offices.
• 1:10:28
  That would be cool. Similar to what?
• 1:10:30
  Blue Origin, Yeah. For some reason I thought you'd
• 1:10:33
  rather say it would be awesome of this show after the launch of
• 1:10:35
  the employees cracking the bottles.
• 1:10:37
  It's like, could you imagine, like, hey, that was me.
• 1:10:41
  I think Kook was. I did.
• 1:10:42
  That was like, hey, what are you trying to do?
• 1:10:44
  Sabotage? Like if they're going to get
• 1:10:45
  drunk like the other satellites, it's like, come on, just give it
• 1:10:48
  a. Yeah, yeah, they're going to be
• 1:10:50
  drinking. They're like they're oh, now we
• 1:10:52
  got to like deploy this. Oops.
• 1:10:56
  Yeah. Now that they're responsible,
• 1:10:59
  you got to be. Totally.
• 1:11:03
  But yeah, that's, that was the thought behind it.
• 1:11:05
  Hopefully they'll they'll appreciate it.
• 1:11:06
  But I I what I've been thinking about for next year, if they if
• 1:11:12
  they get to 60 satellites, then maybe I'll send them 60 bottles
• 1:11:15
  of champagne. But but yeah, it was, it was
• 1:11:18
  weird. Like on Reddit, someone had
• 1:11:19
  reposted it and then some people were criticizing me for not
• 1:11:22
  sending more expensive champagne, which we've click.
• 1:11:25
  Oh, is, is I, I like it. And then like at one point I was
• 1:11:29
  like, oh, we all send them Crystal.
• 1:11:30
  And then I looked at crystal and it's like several $100 a bottle.
• 1:11:34
  It's like, OK, I, I mean, if I send them originally I was going
• 1:11:37
  to send 100 bottles, but I was like 26 is more.
• 1:11:42
  Sending 100 is kind of gaudy, right?
• 1:11:43
  But then when I looked at crystal, it's like, OK, that's a
• 1:11:46
  bit over the top. But who knows?
• 1:11:48
  If we get to $200 a share, then I'll send them.
• 1:11:51
  I'll send them some crystal. To send, just start sending like
• 1:11:57
  a dollar per every share at the end of the year.
• 1:12:01
  Eventually that'll be like, all right, we got to cap this out.
• 1:12:04
  Yeah, Yeah, I think someone was mentioning maybe some.
• 1:12:07
  Yeah, I think sending a bottle of champagne for every
• 1:12:10
  satellite, but at the end of the year, I think that's a good
• 1:12:13
  metric. But yeah, I mean, I think for
• 1:12:15
  people in general, if you want to send gift baskets or things
• 1:12:19
  like that, I'm, I'm sure the company wouldn't when turn them
• 1:12:23
  away, they'd probably be happy. And so some people had reached
• 1:12:27
  out to me today asking how they could send alcohol and I used
• 1:12:30
  wine.com, but there's other services out there and you know,
• 1:12:35
  I don't, you know, it's up to you.
• 1:12:36
  Maybe send a fruit with his edible arrangement or something.
• 1:12:41
  I'm sure employees down at Midland or whatever offices that
• 1:12:45
  they have an office in Miami too if you send them a little token
• 1:12:48
  or. Things they'd.
• 1:12:49
  Love that. Maybe send some Dubai chocolate.
• 1:12:52
  Yeah, yeah, some Dubai chocolate.
• 1:12:54
  So Dubai chocolate that we, that we ready to go.
• 1:12:57
  Yeah. So the AST webcast starts in
• 1:13:01
  about 5 minutes. And I did kind of want to want
• 1:13:04
  to touch on I, I did like the woman you just talked about how
• 1:13:08
  yeah, we like talk about the stock all day long.
• 1:13:10
  But it is, it is crazy to think that behind this company is like
• 1:13:14
  these insanely hard working men and women that are working
• 1:13:18
  overnight, putting these together, like being away from
• 1:13:22
  their families, probably working 12 hour shifts and just to kind
• 1:13:27
  of make this mission true. And I, I'm sure the employees
• 1:13:30
  there are, are very passionate about what they're doing.
• 1:13:33
  And it's, it seems to me like the company culture is, is very
• 1:13:37
  strong because they kind of understand what they're doing.
• 1:13:41
  They see the ramp up and hopefully those employees got a
• 1:13:44
  lot of goods, stock options and compensation because what
• 1:13:47
  they're doing, they totally deserve that once this thing's
• 1:13:51
  up full. And I'm sure they do have those
• 1:13:54
  those options, especially because Bell has obviously taken
• 1:13:58
  advantage of all of his ownership options and just sits
• 1:14:01
  on every single share, which is still insane to me.
• 1:14:05
  But. Yeah, it's, it's funny because
• 1:14:07
  over the years when you've had bears and short sellers
• 1:14:11
  complained about the company, it's, it was very easy to
• 1:14:14
  respond and say, well, yeah, the founder, he hasn't sold a single
• 1:14:18
  share. And that's, that's been true
• 1:14:20
  over five years since they've been public.
• 1:14:23
  And so it's hard to, it's hard to refute that like even with
• 1:14:28
  stock going to 100 that I'm not selling a share so.
• 1:14:32
  Yeah, and isn't he sitting on like 78 million or something
• 1:14:36
  like hits 100 a share? Like how do you not take a
• 1:14:39
  little off? But like he, he knows and he's
• 1:14:41
  in it for he's in it for the the entire mission.
• 1:14:46
  And I, I have feel like it, honestly, it's probably like a
• 1:14:49
  thing to himself where he's like, I'm not going to get my
• 1:14:54
  stock like super up and then drop it on, on people.
• 1:14:59
  And I know the mission isn't even close to complete yet
• 1:15:03
  because we have 6 satellites and we plan on deploying hundreds.
• 1:15:06
  So I sell this early on and it doesn't really make sense when
• 1:15:10
  you look at it, but still like even a little bit just to buy
• 1:15:12
  like a nice like house or something is.
• 1:15:14
  Like, OK, I think it's important though, to each this is not
• 1:15:18
  normal. Like, I, I do think people
• 1:15:21
  should like for, for a Bell and, and other executives, they
• 1:15:25
  should be free to sell some of their stock and to enjoy some of
• 1:15:29
  it and, and take care of their families.
• 1:15:31
  And so I think a bell is like Kook is an extreme example where
• 1:15:35
  he's just holding on to every single share.
• 1:15:37
  And so as you mentioned, he has 78,000,000 Class C shares, which
• 1:15:43
  is worth about 6.7 billion as of today.
• 1:15:45
  And So what I think though, what you've seen this year, how it,
• 1:15:49
  what's what has changed is he actually is taking some stock
• 1:15:53
  awards. We we saw that in the most
• 1:15:55
  recent proxy. And so this is the first year
• 1:15:59
  where he's actually taking some small amount of stock awards,
• 1:16:01
  which I think to him and for the rest of us, it will allow him to
• 1:16:05
  eventually sell some of those shares, which I think is a good
• 1:16:09
  thing. Like I think everybody,
• 1:16:12
  everybody who is a founder, owner of a company who's built a
• 1:16:15
  tremendous amount of wealth, not only for themselves, but for
• 1:16:18
  everybody, I think they should have the freedom to do that.
• 1:16:21
  And so when he does eventually sell some shares, I don't think
• 1:16:24
  people should freak out. It's just a normal thing to do.
• 1:16:28
  But I do see I, I don't know if they're going to immediately
• 1:16:32
  like launch within one minute the YouTube stream, but I don't
• 1:16:36
  know. Do you think it's good to pipe
• 1:16:38
  in the audio here or should people kind of run that
• 1:16:41
  separately? Because I think maybe, maybe we
• 1:16:45
  can continue to talk here and there, but if the audio is
• 1:16:48
  running. Yeah, I I was possibly going to
• 1:16:52
  put the audio here that we can kind of commentate as it goes
• 1:16:57
  like if we'll see what's going on.
• 1:16:59
  But I, I do, I do recommend we we do we are going to have it up
• 1:17:04
  with the I'm going to get that up right now.
• 1:17:06
  We do have it up with the video on YouTube and because I I think
• 1:17:10
  and on one basis. One is there's going to be a
• 1:17:13
  delay, right? And so and there's a, there's a
• 1:17:16
  delay on top of a delay like when you were on X Space.
• 1:17:19
  So it might make it tough, but OK.
• 1:17:23
  So I guess it's going to take some time for them to come up.
• 1:17:27
  Yeah, I don't see it up yet. So we can just can you talk?
• 1:17:30
  I have it already. Cool.
• 1:17:36
  Yeah, about the bell. Having a founder like him is an
• 1:17:39
  unfair advantage doing what he wants to do.
• 1:17:45
  I think it's that the dedication for the mission is something
• 1:17:52
  that if not assures success, then it promotes success.
• 1:18:01
  If you can find something where where the market opportunity is
• 1:18:05
  and where your talent is and what you want to do, that's a
• 1:18:10
  powerful combination, right? Yeah, I I think the other thing
• 1:18:15
  too is that Bell, he was successful.
• 1:18:17
  He did sell his previous company.
• 1:18:19
  And you know, he made a decent amount of money.
• 1:18:22
  You could guesstimate as to how much he made.
• 1:18:24
  But what that gave him was a decent level of comfort and then
• 1:18:30
  the ability to release, like you were saying, stick with the
• 1:18:33
  mission. Here we go.
• 1:18:34
  Looks like starting a minute and 30 seconds, but but yeah, having
• 1:18:39
  that flexibility and not caring what the market thinks.
• 1:18:42
  And that's just that just jump scared me so bad because I I I I
• 1:18:46
  I have like 3 computers up and my one was up all the way then I
• 1:18:48
  just heard this music and I'm like where is this coming from?
• 1:18:51
  Yeah, but I, but I think for Bell, yeah, having, having some
• 1:18:55
  amount of personal wealth so that it's not what's really
• 1:18:59
  driving him, but it's ideologically this this mission
• 1:19:03
  to connect the unconnected and and, you know, fulfill this
• 1:19:07
  dream of his. I think that's, that's what
• 1:19:09
  really sets this guy apart because he's he's just like a
• 1:19:12
  man on a mission. He wants to succeed.
• 1:19:14
  And money's not really what's driving him.
• 1:19:17
  It's it's his passion for this underlying technology and what
• 1:19:21
  the company can accomplish. This is exciting.
• 1:19:29
  I see 37 seconds on my side. This music is awesome.
• 1:19:33
  Yeah, I'm looking forward to to hear what the company has to
• 1:19:37
  say. I think Scott will.
• 1:19:39
  If there's if there's people talking and stuff, I'll try to
• 1:19:41
  like pump it in the spaces. I'll put my little microphone to
• 1:19:45
  it. I.
• 1:19:46
  Think it might be good to just leave this space without without
• 1:19:51
  the audio at Hampton because if we're listening to audio here
• 1:19:53
  locally and then it comes out here, it's going to be we're.
• 1:19:55
  Going to be hearing 1000 times, yeah.
• 1:19:57
  Yeah, that's right. Yeah.
• 1:19:58
  So yeah, everyone turn into the AST stream or one of us on Axe
• 1:20:02
  or YouTube, then we'll kind of throw in notes as we go.
• 1:20:22
  I guess I can get a little count to watch it.
• 1:20:23
  So it's just cool. It's kind of seen the behind the
• 1:20:25
  scenes right now. Like, look, really started
• 1:20:30
  employees Christmas Eve over there.
• 1:20:36
  You have 2 1/2 minutes rocket like LVF three time something,
• 1:20:41
  no homework going to have thirsting box, solid box model,
• 1:20:48
  thirsting of solid rocket models, enormous acoustic metals
• 1:20:51
  which have like the Edifron components, basically the
• 1:20:57
  acoustic labels, the acoustic suppression system.
• 1:21:05
  It's it's interesting hearing all what they're doing.
• 1:21:21
  Oh man, this is really happening guys.
• 1:21:24
  Yeah, my, my hearts racing right now.
• 1:21:26
  I'm I want to take a chug of Doctor Pepper.
• 1:21:52
  Upward there, not me trying to build the stock
• 1:22:11
  price. 40 seconds.
• 1:22:23
  You're going to pump some audio in from this.
• 1:22:33
  The viewers may watch out for the swing out of the Cryworm and
• 1:22:37
  the Echostic Supplement system touch operation. 30 seconds, all
• 1:22:50
  right. You also look everything's
• 1:22:52
  looking nominal so far. But sender out.
• 1:22:56
  This proceeds to launch, which I think it will.
• 1:22:58
  We'll see the. Light this can't.
• 1:23:01
  Understood. Stages, yeah.
• 1:23:02
  What's like that? Man, that that that rocket
• 1:23:08
  sounds great. We have.
• 1:23:09
  Too much trust today it takes off wings first from the cat,
• 1:23:21
  then some minute in core stage will also ignite.
• 1:23:30
  LBM 3M6 rocket car sapal tapur mod happen video promotion or.
• 1:23:40
  Talk about some some dopamine motors.
• 1:24:15
  5000 952 kilonewtons per duration for present mission is
• 1:24:35
  132.5 seconds. I don't like when they go quiet.
• 1:24:54
  They're there. Yeah, 111 seconds into the
• 1:25:04
  flight. Kathy, someone asks.
• 1:25:05
  Why is it going sideways? Do you know?
• 1:25:11
  That's just the camera angle. You can see no on the screen.
• 1:25:14
  Yeah, OK. There's a lot of foreign people
• 1:25:19
  in my chat. Pretty cool to see on YouTube.
• 1:25:22
  Yeah, over 500 people. It's actually a lot of Korean.
• 1:25:25
  Just OK, that's that's cool. Just now we have had a
• 1:25:30
  confirmation of the separation of the 2 S 2 100 posters a 160
• 1:25:52
  seconds into the flight. Current altitude 104 kilometers.
• 1:25:57
  Looking good, boosters are gone. Beautiful.
• 1:26:15
  Looking good for people. On YouTube, can you hear me in
• 1:26:42
  my audio? Just confirm and welcome all the
• 1:26:46
  Koreans in the chat. You guys could all subscribe
• 1:27:02
  while you're here too. I'd appreciate that a lot.
• 1:27:31
  This is exciting. I guess there's a red dot there,
• 1:27:36
  which is when? Maybe the next stage nights.
• 1:27:50
  So. Exciting.
• 1:28:03
  So exciting. I love those like old school
• 1:28:17
  looking scans they use like like this view right here.
• 1:28:20
  That's so. Cool.
• 1:28:22
  That's good. All right, We got ignition of
• 1:28:24
  the final stage. Nice.
• 1:28:34
  This is it. This is inevitability.
• 1:28:38
  Commercial servers 2026 after we plays BBC Let's go and 58 more
• 1:28:50
  satellites will go up this year, hopefully.
• 1:28:54
  Yeah, right. This is.
• 1:28:54
  This is just the start. This is the start of something
• 1:28:58
  something special right here. And it is crazy to think that
• 1:29:04
  like when the last launch was to this now and well, this is going
• 1:29:13
  to kick off. I hope the shorts are ready.
• 1:29:19
  So the reason people are looking relieved is that the most risk
• 1:29:23
  reports are done, the third and last stage has ignited
• 1:29:30
  successfully and it's confirmed, and we'll have to wait some 10
• 1:29:43
  minutes before Bluebird Block 2 would separate from the upper
• 1:29:48
  third and last stage. Very, very cool.
• 1:30:04
  The the way it's separated is is super.
• 1:30:09
  So I I assume that's controlled with a launcher or with a
• 1:30:13
  control switch somewhere? No, it's probably automated.
• 1:30:20
  You guys can see in the diagram there we've got quite a bit of
• 1:30:24
  distance until satellite separation.
• 1:30:52
  It's happening guys. So cool.
• 1:30:55
  Nice of that Uber botting. Maybe I mean, what's going to be
• 1:31:04
  really cool too is seeing seeing multiple go up on the next few
• 1:31:12
  rockets as well. But yeah, this is what a way to
• 1:31:16
  kick this off. And what I would add is that
• 1:31:20
  this is a, this is like a historic event in India.
• 1:31:24
  This is groundbreaking or ISRO and the program, the space
• 1:31:29
  program there. I mean, this is a huge branding
• 1:31:32
  event for them that they're taking up such an important,
• 1:31:37
  inexpensive and monumental payload.
• 1:31:41
  This is a huge accomplishment for their country.
• 1:31:43
  And I think as we've probably seen in some of the media
• 1:31:48
  recently, it's been all over the press that is Rose taking up
• 1:31:54
  this this American groundbreaking gear satellite.
• 1:31:59
  It's a big source of pride. And as I tweeted earlier today,
• 1:32:04
  you know, you've got 1.5 billion people.
• 1:32:07
  We're going to be reading this in the news and see it on TV.
• 1:32:10
  And of course, we recently partnered with Vodafone Idea,
• 1:32:14
  which is BI in India, that's the M&O that we'll be working with.
• 1:32:18
  And so you can bet that this is going to be splashed everywhere
• 1:32:24
  that this is the first step of putting the other consolation to
• 1:32:29
  launch commercial service in India, which if you can imagine
• 1:32:33
  the coverage gaps that we have here in India, there's quite a
• 1:32:37
  bit of of, you know, areas where there is no, there is no
• 1:32:42
  Internet connectivity broadband or fixed wireless or mobile for
• 1:32:46
  that matter. And so so this is going to be
• 1:32:48
  huge. Yeah, I, I saw that today when I
• 1:32:54
  watched like the Indian news coverage.
• 1:32:57
  I was, I was actually pretty shocked at like how much of like
• 1:33:01
  a historic kind of thing they're looking this at.
• 1:33:03
  And, and honestly, it's something for them to and ISRO
• 1:33:07
  to be super proud of. You just launched like the
• 1:33:09
  biggest Thor Earth orbit satellite ever and kind of
• 1:33:14
  kicked off. What's going to be a legendary
• 1:33:16
  change for this company and where it goes from here?
• 1:33:22
  And the fact that one already shipped off just shows you that
• 1:33:26
  the team's not playing around Now they have these satellites
• 1:33:28
  figured out, they're making six a month and now it's time to to
• 1:33:31
  send them up. Do you guys think that we would
• 1:33:35
  use them as launch partners again?
• 1:33:36
  Because it seems like like it seems like everything's going
• 1:33:39
  well. And if everything is like
• 1:33:41
  already integrated and if we're making that many a month, why
• 1:33:44
  not just ship one off there, you know?
• 1:33:52
  Sorry, I'm just listening to the announcer she's talking about,
• 1:33:55
  AST should say. This watch party looks fun.
• 1:34:13
  Look at all the the like school trips out there.
• 1:34:38
  There's an EST employee there, what it's called.
• 1:34:44
  Hi, guys. Like, Yep.
• 1:35:09
  And there it goes. But it's still amazing.
• 1:35:11
  It's just the pure like way to track all this.
• 1:35:14
  It's so, it's so fascinating. Yeah.
• 1:35:36
  So what you were asking before, I'm not sure we'll launch
• 1:35:39
  another one on Israel at least in the near term.
• 1:35:41
  But I guess it's possible if they're if they are able to
• 1:35:45
  increase capacity. And I guess I would add that LDM
• 1:35:49
  3 is a powerful rocket, but they're in the development of
• 1:35:53
  basically creating a comparable reusable rocket to Falcon 9.
• 1:35:57
  And so once they get that rocket going, I could certainly see us
• 1:36:02
  using using that one. But I think from an economic
• 1:36:05
  perspective, using LVM 3 is quite pricey for dedicated
• 1:36:10
  launch unless you can get, you know, maybe two or two composite
• 1:36:16
  Bluebirds on it. But but yeah, I mean, I think, I
• 1:36:19
  think utilizing LVM 3 was part of the way to open up commercial
• 1:36:26
  access in India signing on Vodafone Idea, but also from
• 1:36:30
  regulatory standpoint. Which is at the target altitude
• 1:36:34
  but accelerating. It's the way satellite stays
• 1:36:37
  stays up. Right.
• 1:36:40
  They've got to get to 17,000 mph, right?
• 1:36:44
  High enough velocity. Right.
• 1:36:48
  Higher speed, no closer they get to Earth or they'll drop.
• 1:36:54
  So just a couple of minutes left and then there will be payload
• 1:37:03
  separation. It's upper stages made in India,
• 1:37:10
  pride of the Indian nation. Earlier upper stage engines,
• 1:37:16
  crayonic they they used in the GSLV Mark two had problems.
• 1:37:22
  They were made in Russia so they developed their own and they've
• 1:37:26
  got it right because it has worked every time they've used
• 1:37:29
  it. So looking very good so far.
• 1:37:39
  Oh, I'm here. This is this is in the chag,
• 1:37:42
  Gregory said. I see clacking equals bullish.
• 1:37:50
  Yeah, there is a speaker every time he says performance
• 1:37:53
  nominal, people clap, which means everything's going
• 1:37:56
  according to plan. Love it.
• 1:38:22
  Oh, here we go. Oh, here we go, send it.
• 1:38:35
  There we go, separation. Holy.
• 1:38:44
  Beautiful, huh? That's that's so cool.
• 1:38:58
  Beautiful. So after separation is is is
• 1:39:02
  that good? It's in orbit, ready to go,
• 1:39:04
  ready to unfurl once once they deem conditions.
• 1:39:09
  It's going to take some time. They're going to, yeah.
• 1:39:12
  They'll have to get it orientated properly.
• 1:39:15
  And I mean cats, I can tell you and then run system checks it,
• 1:39:19
  it could be days, weeks before they they get to a point where
• 1:39:23
  they're comfortable to unfold the satellite.
• 1:39:28
  Yeah, I I remember last time the like don't want the like all the
• 1:39:34
  conditions up in space got a kind of line up just completely
• 1:39:38
  understandable. Yeah, you don't want to take any
• 1:39:42
  risks but that, and that's beautiful.
• 1:39:45
  They separate. Oh, they're back to the live
• 1:39:47
  stream. Don't see what they're saying.
• 1:40:07
  Somewhat old. Thank you, messengers.
• 1:40:09
  Passionate community, baby. That's us.
• 1:40:15
  See you at the next launch. Kathy going to have to go back
• 1:40:21
  through that video and and take apart some of this stuff.
• 1:40:25
  That wasn't it. Yeah, yeah, right.
• 1:40:30
  I love that the the little thank yous at the end.
• 1:40:34
  Yeah, that was that was a nice touch.
• 1:40:36
  Not an excellent touch. Thank you.
• 1:40:39
  There's a bunch of requests in here.
• 1:40:42
  I'm going to let some people in and feel free to come share some
• 1:40:44
  thoughts or ask us questions. Kind of, we're just kind of hype
• 1:40:48
  now, like mission success. We got what we wanted.
• 1:40:53
  So what's going on, guys? What's what's going on?
• 1:40:55
  Socrates, it's cool to see you in here.
• 1:40:59
  Hey, thanks man. Yeah, I just wanted to say Merry
• 1:41:02
  Christmas to Space Mob and or wrap, you know, wrapping gifts
• 1:41:06
  for the kids and the satellites over the head.
• 1:41:10
  You know, like I said earlier today and it's just amazing to
• 1:41:13
  see. And just wanted to say I
• 1:41:15
  appreciate everything and you guys are awesome.
• 1:41:17
  So that's all I had to say. Thank you.
• 1:41:21
  Yeah, I appreciate a lot, man. I said earlier today and that's
• 1:41:26
  just amazing to see and. So with so moving for oh, hey,
• 1:41:39
  Jacob, what's going on, man? You you feel free to come up and
• 1:41:41
  talk. Oh, what's up, man?
• 1:41:43
  What's up, guys? Congrats to you that lost.
• 1:41:45
  That lost was beautiful. It worked out great.
• 1:41:48
  Beautiful. Yeah, dude, it was awesome.
• 1:41:50
  I just, I had just come up to say earlier that that Alex guy
• 1:41:55
  that I met at the airport that that was crazy yesterday or on
• 1:41:59
  Sunday or, yeah, on Monday, flying he worked, just happened
• 1:42:02
  to be passing through that. Yeah.
• 1:42:07
  Yeah. It just happened to be like
• 1:42:08
  where I just saw a guy in the AC, AC space mobile.
• 1:42:10
  I was like, oh, hey, look. And I was like, I pointed my
• 1:42:12
  hat. He kind of looked to be funny
• 1:42:14
  and he ended up being a worker there.
• 1:42:15
  Yeah. Well, that's cool.
• 1:42:17
  Yeah, I picked up his. Yeah, I picked up his.
• 1:42:21
  I picked up his tab and said it was from Space Motorbike too.
• 1:42:24
  I was. I was.
• 1:42:24
  Thanks for that idea. Pan Am the man Yeah, I just I
• 1:42:28
  just came up to say that was awesome.
• 1:42:29
  Great launch and fucked socks ripping overnight.
• 1:42:31
  So Congrats guys, I'm I'm happy. That's that's awesome to hear.
• 1:42:39
  Oh yeah, that, that is, I am yet to see anyone like kind of out
• 1:42:44
  in the public and in any space, mobile stuff.
• 1:42:49
  I, I wear it all the time and and the people at work are
• 1:42:51
  always like, what are you wearing?
• 1:42:53
  Then I give them the whole rundown and they're like, that's
• 1:42:56
  not going to work. Oh yeah, I wear so I mean, I've
• 1:42:58
  been in rock lab longer, so I have more gear from them, but I
• 1:43:01
  I wear all the time, especially when I travel stuff too.
• 1:43:03
  I've run into people in the IT like that are like work in the
• 1:43:05
  industry like that. I have random conversations
• 1:43:08
  about people that are working on like, you know, bespoke private
• 1:43:11
  company. So that it's it's a great
• 1:43:12
  conversation. Started to wear, to wear your
• 1:43:14
  gear, especially, especially like going forward and like
• 1:43:18
  people are going to know when they see that what that is.
• 1:43:20
  It's, it's a, it's a fun, it's a fun like way of getting that
• 1:43:23
  conversation started with people because you never know, like
• 1:43:25
  somebody that sees it could be like, you know, completely.
• 1:43:28
  And that like, like could have, could have some information, but
• 1:43:32
  it's just, it's a fun way to get get the conversation started
• 1:43:34
  with people. So yeah, wrap it whenever you're
• 1:43:37
  traveling, stuff like that. It's cool.
• 1:43:40
  Right. We got to wrap it and it's fun
• 1:43:42
  getting people interested because space investing, like my
• 1:43:46
  dad's a bit older. When I explained this to him,
• 1:43:48
  he's like, how do you even know about this?
• 1:43:49
  So it's very fun. So one thing I did want to touch
• 1:43:52
  on because I come from like a pretty strong marketing
• 1:43:55
  background is I mean, I and pan man was doing me about it.
• 1:43:59
  It's like the production cloudy now.
• 1:44:01
  So and Pan, what do you think of those those videos?
• 1:44:07
  They were, they were really good.
• 1:44:08
  I mean, we've come a long way since Blue Walker 3.
• 1:44:11
  So I remember Blue Walker 3, they're having technical issues
• 1:44:16
  because they they did a lot of interviews live, whereas here
• 1:44:20
  they, you know, all this was pre recorded.
• 1:44:23
  But yeah, it was like. Starting the stream today.
• 1:44:26
  Was it? Kind of like me starting the
• 1:44:28
  stream today. That was my that was my Blue
• 1:44:31
  Walker 3. The next one's going to be fire.
• 1:44:33
  Yeah. But yeah, it still it still
• 1:44:34
  worked out. Yeah, yeah.
• 1:44:36
  But I, I think, I mean clearly the company is matured, right.
• 1:44:39
  Like we're, we're at a different stage.
• 1:44:40
  We're not this tiny start up company anymore.
• 1:44:45
  We're we're big and we're about to launch commercial service,
• 1:44:48
  which is super exciting. So so yeah, huge difference.
• 1:44:52
  Yeah, that's The thing is like the team kind of they probably
• 1:44:56
  have felt that they had they had the need to kind of get that
• 1:44:59
  content out there. So when people are looking at
• 1:45:01
  this and you hear space Mobile, you can look at those
• 1:45:04
  commercials and relate to these people like being being stuck
• 1:45:10
  out needing service. The way they touched on the
• 1:45:13
  government applications was super cool.
• 1:45:16
  And it is funny thinking back to the term or like when the, when
• 1:45:20
  they stop just saying, oh, this is like the first ever broadband
• 1:45:23
  cellular network to they started just including in every earnings
• 1:45:27
  and defense US defense work and highlighting that I think is
• 1:45:33
  key. And I hope and I think that gets
• 1:45:34
  a lot of people super interested in this product.
• 1:45:37
  So Catsy kind of what, what did you think of those videos?
• 1:45:41
  And I, I, I know you enjoyed them and have a lot to dissect.
• 1:45:49
  I I think we lost Catsy, but he he deserves some rest.
• 1:45:53
  Yeah, he might have. Dropped.
• 1:45:55
  Yeah, it's probably what 5:00 AM there.
• 1:46:02
  So does anyone else in in space not want to I want to come up,
• 1:46:05
  ask some questions. We have a lot of people in here
• 1:46:08
  or Annapen. Is there any kind of topics you
• 1:46:10
  want to talk about them? Happy day.
• 1:46:11
  Kind of keep talking to AST got a lot of people in here.
• 1:46:15
  So feel free to hop up anyone and throw out any topics.
• 1:46:19
  Yeah. I mean, I think, I think it'll
• 1:46:22
  be interesting to see what the company does from here on.
• 1:46:26
  I, I would assume, you know, once you have a, an event like
• 1:46:31
  that happened, then people ask, well, what's next?
• 1:46:34
  And it's good. I'm glad you asked that because
• 1:46:37
  we've cut Bluebird 7 on its way to Cape Canaveral lined up for
• 1:46:42
  launch. That's probably going to happen
• 1:46:43
  in about 30 days. And then we could possibly have
• 1:46:49
  two batches of Bluebirds, batches of three being
• 1:46:54
  completed, but before December 31st because we we heard
• 1:46:57
  Jennifer Manor speak about how. Six a day.
• 1:47:01
  Yeah. Well, she, she and we're, we're
• 1:47:04
  at six a month. And so, so yeah, that, that
• 1:47:08
  would then extrapolate out to probably 2 launches in February.
• 1:47:13
  And then to round that out, we'll probably have one more
• 1:47:15
  launch before the end of March, which would get us to five.
• 1:47:18
  And then the company's talked about up to 13 or 2026, so
• 1:47:23
  they'll be 8 more. And so, yeah, it's shaping up to
• 1:47:27
  be a strong start to the year. Obviously, this this is kicking
• 1:47:31
  off. And, and I think as I mentioned
• 1:47:34
  earlier, we've got a number of other, you know, milestones that
• 1:47:39
  are coming up, which is the FCC should come to a decision around
• 1:47:44
  granting access to our U.S. market application, which will
• 1:47:49
  be sometime in January, potentially early February.
• 1:47:52
  And then as I've talked about before, we've got $175,000,000
• 1:47:57
  revenue prepayment coming in from Saudi Telecom, which will
• 1:48:01
  be before the end of this year. And then yeah, we've got
• 1:48:06
  potentially a few more M and OS that are going to be signed up.
• 1:48:10
  And yeah, there's just like everyday more news like First
• 1:48:14
  Net. There was an article this past
• 1:48:16
  week where it talked about how they are allocating funds to
• 1:48:21
  build out the, you know, make make sure that the first
• 1:48:24
  responder network is more robust and satellite direct to sell
• 1:48:28
  connectivity is a key part of that.
• 1:48:29
  So I know we've all been saying this, but that that commercial
• 1:48:34
  agreement with Firstnet is coming sooner or later.
• 1:48:37
  And, and Firstnet actually hinted at it.
• 1:48:39
  There was a video 2 weeks ago that talked about that showed a
• 1:48:44
  demonstration with a few city, state and federal first
• 1:48:49
  responder organizations. And in that video, the person
• 1:48:54
  that whoever runs the account said stay tuned for more program
• 1:48:58
  updates. And so I don't know, like I, if
• 1:49:02
  people didn't see Scott Wisniewski before launch, he
• 1:49:06
  added to his tweet with him writing with Santa riding the
• 1:49:09
  truck. He, he, he tweeted ADL with like
• 1:49:13
  6-6 rockets. And so he must be pretty happy
• 1:49:16
  that there's probably, there's probably more stuff coming.
• 1:49:21
  So yeah, it's an exciting time, yeah.
• 1:49:24
  The, the fact that this was like, so like usually, at least
• 1:49:28
  over my training career, the end of December is like, I don't
• 1:49:31
  know, unless there is a Santa rally.
• 1:49:33
  I don't really know if the Santa rally is a thing that gets
• 1:49:35
  talked about every year. But I just remember like in, in
• 1:49:38
  my training days, I always remember like the end of the
• 1:49:40
  year. I was like, OK, like play it
• 1:49:41
  easy. It's a little slow.
• 1:49:43
  But the fact that like AC is hitting these milestones like at
• 1:49:47
  the end of the year, like is, is there a better way to start
• 1:49:50
  2026? No, this is great.
• 1:49:54
  And as I've talked about in other spaces, you've got, you
• 1:49:59
  know, it looks like see inflation's team, you've got
• 1:50:03
  interest rates coming down and they've got the Trump
• 1:50:05
  administration saying that space and 6G superiority is a key
• 1:50:10
  focus of this administration. So you can ask for a better
• 1:50:14
  environment for the company to launch its consolation and to
• 1:50:17
  execute. And so I think, you know, I'd,
• 1:50:21
  I'd put this chart out of this fractal pattern of where AST
• 1:50:25
  could get near term. But I do think like we are on
• 1:50:29
  target to, you know, meet and breach probably $200 a share
• 1:50:33
  sometime this year, perhaps earlier than the end of the
• 1:50:37
  year, but I don't often. So your price is out there.
• 1:50:41
  Right. I I also kind of surprised
• 1:50:42
  hearing that for a second. But I do think 200 is in the
• 1:50:44
  card so you can write market. Market put Put on the slate.
• 1:50:51
  Bread rum. If you're if you're listing
• 1:50:52
  anywhere, put it on a T-shirt. Because I think I think once as
• 1:50:57
  Scott has mentioned this, this coming year, we've got most of
• 1:51:00
  the revenues will be government related.
• 1:51:02
  And as, as we've talked about it earlier, I think, you know,
• 1:51:07
  Golden Dome is going to be a big part of that.
• 1:51:08
  And you know, the company has already said we govern
• 1:51:12
  government's going to be a big contributor this year and then
• 1:51:15
  next year. And and you know, they talked
• 1:51:17
  about hundreds of millions. And then next year, that's when
• 1:51:21
  commercial revenues are really going to start kicking in.
• 1:51:24
  And so once the consolation's up and we've turned on a few
• 1:51:27
  markets, you're going to see, you know, the the financial
• 1:51:32
  snowball come in. And so, yeah, very exciting.
• 1:51:35
  I mean, this is for anybody who's been invested in the
• 1:51:38
  stock, this has been five years in the making and now this is
• 1:51:43
  it. Like this is, this is the moment
• 1:51:46
  you've all been waiting for. Yeah, honestly.
• 1:51:50
  And with what you're saying with like interest rates coming down
• 1:51:53
  from presidency, obviously like space trying to keep interest
• 1:51:57
  rates down, kind of keep this like they're, they're investing
• 1:52:01
  tons of money into these companies trying to keep AI
• 1:52:04
  advancing and the space sector advancing strongly.
• 1:52:08
  And it's like, yeah, if we did launch more years back under the
• 1:52:12
  Biden administration when space wasn't as hard as a topic, it's
• 1:52:15
  like could this have even taken out like cut this have taken off
• 1:52:19
  to the same extent and probably not.
• 1:52:22
  But now that we are seeing this and to the extent that we, we
• 1:52:26
  are with all this, this interest in the space industry and like
• 1:52:31
  like Rocket lab too, I think they're, they're super poised to
• 1:52:35
  take on a take advantage of this with the SpaceX IPO.
• 1:52:38
  And like, that's just another thing looking to 2026.
• 1:52:41
  It's like, it's hard to believe. Like it seems like we've been on
• 1:52:44
  here like just just preaching and spreading all this
• 1:52:46
  information for so many years. And it's like we've seen the
• 1:52:49
  space industry, but now seeing like these big headlines and
• 1:52:53
  like crazy valuations. It's like, whoa, like the the
• 1:52:57
  space stuff like is is here and it's coming and there's no way
• 1:53:01
  to really escape it anymore. Yeah, I think that's right.
• 1:53:09
  I think SpaceX, the IPO is going to bring a lot of interest to
• 1:53:13
  the sector and a lot of investment dollars.
• 1:53:15
  So yeah, it's 2026. You can ask for a better
• 1:53:19
  environment. And so I think Sky's the limit
• 1:53:23
  or space is the limit. Catsy Katzy ads ads Katzy's back
• 1:53:27
  shout out Katzy I I like to hear said well what you're excited
• 1:53:30
  for this this coming year ahead most I'm not sure not getting
• 1:53:46
  but value him. I can't hear him either.
• 1:53:55
  Yeah, I did have. I had someone DM me and Pam,
• 1:54:00
  they wanted to hear. They wanted to hear you talk
• 1:54:03
  back to the contrast and now to the current days.
• 1:54:06
  Like how do you feel about it in terms of like confidence or just
• 1:54:11
  like, do you just have a different mindset for the
• 1:54:13
  company? What do you mean compared to the
• 1:54:17
  early? Days like like to like the early
• 1:54:19
  days like like did they just want to they just said like, can
• 1:54:23
  you remember us and take us back to like how you were feeling
• 1:54:26
  that I didn't feel like now and kind of a shorter.
• 1:54:28
  The early days, there was a lot of uncertainty, right, like
• 1:54:31
  before any satellites were launched.
• 1:54:34
  And then it was unclear where the company was going to get
• 1:54:37
  funding. I mean, they had money to a
• 1:54:38
  degree, but you know, there, there wasn't funding.
• 1:54:42
  They had M&O partners. But before Blue Walker 3
• 1:54:46
  launched, yeah, it was, it was all a concept still, right?
• 1:54:50
  And, and they had tested, they had tested with Blue Walker one,
• 1:54:54
  which was sending up a cell phone up, up in the satellite
• 1:54:57
  and and then having the large phase ray on Earth.
• 1:55:00
  And so it was a brilliant way to economically and efficiently
• 1:55:03
  test if the system work, which they, you know, they
• 1:55:06
  accomplished. But then back then, yeah, that
• 1:55:10
  we all had stars in our eyes. And we're like, oh, we'll
• 1:55:12
  eventually get there. And I don't think, you know,
• 1:55:15
  Cook and I have talked about this.
• 1:55:16
  Like, we actually spoke with a space expert not named Tim
• 1:55:19
  Farrar and and got their opinion.
• 1:55:23
  And they're like, oh, you know, this is certainly, it seems
• 1:55:25
  possible, but there's going to be a lot of ups and downs and
• 1:55:29
  funding is going to be an issue. And it kind of went through this
• 1:55:31
  laundry list and, and I think we were still like anybody, you
• 1:55:37
  know, optimist, right? And we're like, OK, well, I, I
• 1:55:40
  think the opportunity is huge here.
• 1:55:41
  And, and the, the company will make it like we've got a great
• 1:55:45
  owner operator and he's, he's motivated and, and you know,
• 1:55:49
  what really did it for me was the strategic partners like
• 1:55:52
  AT&T, Vodafone and others. And so, but back then it was
• 1:55:57
  there was a ton of risk. And I don't think anybody,
• 1:56:00
  including probably the company as well, I don't think anybody
• 1:56:02
  saw how difficult it would be. And in 2020 and 2021, funding
• 1:56:08
  was there. The markets were wide open.
• 1:56:09
  But then once 2022 hit and you know, there's, there's
• 1:56:13
  criticisms like people will say, oh, they didn't meet their stock
• 1:56:15
  projections. Well, when when the market shut
• 1:56:19
  off for funding in 2022, like the company had to slow down,
• 1:56:22
  they had to they slow their development process and any
• 1:56:26
  number of things right like that to conserve cash.
• 1:56:28
  And so they made it through the valley of death until the end of
• 1:56:33
  2023 when they raised money with AT&T, Vodafone and Google.
• 1:56:38
  And then they had to do that painful equity offering of $100
• 1:56:41
  million to bridge themselves to get to that.
• 1:56:45
  That was January 2024. They had to do that painful $100
• 1:56:49
  million equity offering. They sold and get this 33
• 1:56:52
  million shares at $3 and what is it, $0.50 a piece, My gosh, but
• 1:56:56
  they had. Whoever bought those?
• 1:57:00
  Yeah, but they had they had to do that.
• 1:57:02
  And then that tied them over to get Verizon, which took their
• 1:57:06
  sweet time. But Verizon, you know, joined in
• 1:57:10
  at the end of May and the rest is history, right?
• 1:57:12
  Like stock went from 2:00 to 456781012 it it peaked at 39
• 1:57:18
  that summer. And so that was a huge game
• 1:57:21
  changer. It was a big validation point
• 1:57:23
  where I think all the skeptics were like, OK, the fact that
• 1:57:27
  Verizon diligence this and they, they chose AST over over
• 1:57:31
  Starlink and they're choosing to work with AT&T and they're not
• 1:57:35
  only just putting money in there, they're contributing 850
• 1:57:38
  megahertz spectrum. That was huge.
• 1:57:41
  And, and that's what really changed the narrative and the
• 1:57:45
  the trajectory of the company. And so I think Michael Pollock,
• 1:57:49
  who's the head of defense business for AST, talks about
• 1:57:52
  how once they brought Verizon on board, like all the all the
• 1:57:56
  defense organizations started calling the company back and the
• 1:58:00
  phone started ringing off the hook because.
• 1:58:02
  Because that was like a true point of validation.
• 1:58:04
  And that, hey, these guys are going to make it like, it's not
• 1:58:06
  just a concept, but they're getting backed by AT&T and
• 1:58:10
  Verizon and of course, like, you know, Google and Vodafone and
• 1:58:13
  others. And so, yeah, Fast forward to
• 1:58:16
  today. It, it is true.
• 1:58:17
  It's like everybody kind of looks back and says, well, you
• 1:58:21
  know, at $2.00 or $3, that would have been awesome.
• 1:58:23
  Like I would, I would, I wish I'd bought more there.
• 1:58:25
  And it's like, well, no, they weren't easy buys back then
• 1:58:27
  because the company for all intensive purposes was, you
• 1:58:32
  know, that the funding, they had more than 12 months of funding,
• 1:58:35
  but it was unclear. And they were supposed to put up
• 1:58:37
  this massive consolation. Like, where's that money going
• 1:58:39
  to come from? And there were a lot of
• 1:58:41
  uncertainties. And so I think as, as it as we
• 1:58:45
  know in investing, you know, buying shares here is actually
• 1:58:49
  in many ways a lot easier, right?
• 1:58:51
  Because the company has over $3 billion of cash, has all these
• 1:58:54
  partners, has demonstrated the technology, has 6 satellites now
• 1:58:59
  7, you know, Blue, including Blue Walker 3 orbiting the Earth
• 1:59:04
  and is about embarking a multi launch campaign with over, you
• 1:59:08
  know, with Blue Origin and SpaceX and Israel, we've
• 1:59:12
  overbooked our launches and so launch capacity shouldn't be an
• 1:59:15
  issue. And so we should get to at a
• 1:59:17
  minimum 45 salads, maybe, maybe up to 60 this coming year.
• 1:59:21
  And so, yeah, it's exciting time back.
• 1:59:23
  I guess the other thing I would say is back then in 2021-2022,
• 1:59:29
  you know, Katzie was early on about this, the military use
• 1:59:32
  cases and, and some of us had talked about the potential
• 1:59:36
  ideas, but military was not really a a key driver of the
• 1:59:42
  business or an opportunity at least back then.
• 1:59:44
  And, and when Katzie would talk about it at length, we were
• 1:59:47
  everyone would kind of be like, OK, yeah, that I guess that
• 1:59:50
  could make sense. But it was like so far fetched
• 1:59:54
  given where we were financially and in terms of business
• 1:59:57
  development. It's like, OK, I'm I'm not sure
• 1:59:59
  I can ascribe much value to it. But then then Fast forward to
• 2:00:01
  today, you've got commercial, you've got government and then
• 2:00:05
  you've got military use case. Which now it, it seems like
• 2:00:08
  abundantly clear or crystal clear, like this company's
• 2:00:12
  technology has a massive edge over, you know, competitors and
• 2:00:17
  then adversaries. And so, yeah, it's a it's a much
• 2:00:21
  different time. There was so much uncertainty
• 2:00:24
  back then and, and self doubt, like just questioning, is this
• 2:00:29
  company going to make it? Am I crazy?
• 2:00:31
  Am I have I put too much faith into this?
• 2:00:34
  And then coming out on the other end, as all of you can
• 2:00:38
  understand, it's like you're, you're it's it's, it's amazing
• 2:00:44
  that you stick with your conviction and come out on the
• 2:00:46
  other end and it's validated and, and it's beautiful.
• 2:00:50
  Yeah. You, you feel great for friends
• 2:00:53
  and family. You feel great for the company
• 2:00:56
  now. What a journey.
• 2:00:59
  Katzie, are you still? Are you still with us?
• 2:01:04
  I see he's trying to speak. I don't think it's working.
• 2:01:11
  I was going to ask him a question about something you're
• 2:01:13
  Speaking of, but so yeah, kind of you, you reminiscing on the
• 2:01:18
  past. I was just thinking like, so
• 2:01:23
  when this thing did kind of spec and then start going crazy, I
• 2:01:26
  was I was super into it because I just saw like the need for
• 2:01:30
  this, this service, like everyone wants service
• 2:01:32
  everywhere. Like I came, I came at it from a
• 2:01:35
  very just like obvious standpoint where I was like,
• 2:01:37
  wow, this is something that eventually everyone's going to
• 2:01:39
  need. I I go camping a lot.
• 2:01:42
  I like to to stay connected because I go camping.
• 2:01:44
  I want to watch something I listen to some music.
• 2:01:46
  You get stuck. So and I, I remember selling
• 2:01:49
  like been investing for a while, but I just remember selling
• 2:01:53
  shares of like Apple and square back.
• 2:01:54
  So I was just like selling like fidelity tech.
• 2:01:57
  So I was like, I just want to ASDS because this is something
• 2:02:00
  that's going to be amazing. And then 2021-2022 just kind of
• 2:02:05
  got stuck. And I remember very specifically
• 2:02:08
  coming. I like it came to a point in
• 2:02:11
  these years, like I still have the account.
• 2:02:14
  I was like AST stock investors and where I still post and share
• 2:02:18
  all the info. But I just remember kind of
• 2:02:22
  clocking out for a little bit and then I, I got back from my
• 2:02:25
  honeymoon and then like I checked the news and it was the
• 2:02:29
  stock was ripping. And it was like, I think we
• 2:02:31
  announced like a launch with SpaceX, probably Blue Walker 3.
• 2:02:37
  And the stock ripped from like $6 to 11.
• 2:02:39
  And this was like the highest My Portfolio was in years.
• 2:02:42
  And I was like, Oh my gosh. And they have little what I know
• 2:02:46
  it would fall back. Let's say.
• 2:02:49
  What just goes to show you is like back then I was losing my
• 2:02:54
  mind saying My Portfolio just reached the highest point in two
• 2:02:57
  years over a ride from 6 to $11. What?
• 2:03:03
  Like if you look at the stock this morning, we saw like a 5%
• 2:03:06
  swing or a $5 swing within a minute.
• 2:03:11
  And it's really crazy to put that in the perspective now when
• 2:03:14
  you see these swings and you think AST was stuck at 4 or $5
• 2:03:18
  for years. And I think that's, it's really
• 2:03:24
  us who, who, who did stick through and kind of seeing this
• 2:03:28
  mission unfold, definitely deserve it.
• 2:03:31
  And everyone in the community who does, who does like spread
• 2:03:35
  the knowledge because through my investing years, like mostly is
• 2:03:39
  trading, but like you just see people pumping, not really
• 2:03:42
  pumping, but just talking about all these new stocks, this new
• 2:03:46
  AI stock, this all these new stocks.
• 2:03:48
  We never really seen that community come together like
• 2:03:51
  this and share some like true, true due diligence and the fact
• 2:03:58
  that Kathy and Pan and Kook were getting stuff right before like
• 2:04:00
  the company even talked about it.
• 2:04:02
  I can't even wrap my head around, but here we are.
• 2:04:07
  Kathy, I'm not sure if your mic's still working.
• 2:04:15
  Everyone want to come up and ask any questions.
• 2:04:18
  Now's a good time to do so. I'm going to take a look at my
• 2:04:20
  list. I had a few more topics or like,
• 2:04:27
  hey Ahmed, do you have a question?
• 2:04:30
  I just wanted to share how thankful I am to the community.
• 2:04:34
  I started investing in ESTs when it was NPA, the SPAC.
• 2:04:40
  Nice. I did.
• 2:04:42
  I bought a lot of stock. I sold a lot of stock.
• 2:04:44
  Made a bit of profit, made a bit of loss, lost all of the
• 2:04:48
  confidence, Bought back the stock at $3.
• 2:04:53
  But bought very little stock, right, And I saw it ripped till
• 2:04:57
  12 dollars, $14.00 sold a lot of stock again, right.
• 2:05:02
  But Katzie cook and an an pen man, everyone right, all all the
• 2:05:09
  time they were trying to spread the knowledge and I had the
• 2:05:13
  knowledge, but I didn't have that confidence, right.
• 2:05:15
  So I didn't make a lot of money then.
• 2:05:16
  But then it taught me a good lesson.
• 2:05:19
  So I invested a good deal of amount I think year or a year
• 2:05:25
  and a half back it was a significant portion of my net
• 2:05:29
  worth and now I am almost 3X up on my investments this year
• 2:05:37
  itself right? It feels great and even when
• 2:05:41
  told as the lesson of taking profits when the stock reached
• 2:05:45
  102, I still hold on to my nerves and did not sell, did not
• 2:05:51
  sell when it went back to 50 and it feels great to still ride the
• 2:05:54
  wave ride and I feel very confident that we are going to
• 2:05:58
  do great things. I just wanted to share my
• 2:06:01
  experience with everyone and wanted to thank everyone in the
• 2:06:04
  community for helping us ride a very difficult wave, right?
• 2:06:08
  It is five years. I've seen ups and downs, was
• 2:06:11
  very disappointed and I lost a bunch of money on HTS as well,
• 2:06:15
  right. But I think it is being worth
• 2:06:18
  it. So we just wanted to thank
• 2:06:19
  everyone in the community. Hey, thanks for sharing it.
• 2:06:23
  Congratulations. Yeah, it's been an emotional
• 2:06:26
  roller coaster. And I think I think everybody
• 2:06:29
  who's invested in the company has experienced every emotion,
• 2:06:34
  emotion possible. And so I think I think in your
• 2:06:38
  case, yeah. By the way, like I'm not telling
• 2:06:41
  people, I don't tell people to like sell your entire position.
• 2:06:43
  But but what I've, what I've told said and I can do to this
• 2:06:48
  day is, is, you know, what if, if it's your, whatever you
• 2:06:52
  invested or if you've multiplied your previous net, well, net net
• 2:06:56
  worth, It does make sense at some point, like set a goal and
• 2:07:00
  then set it, you know, sell your net worth previously so that
• 2:07:05
  you've locked that in. Or maybe you have a goal 2 times
• 2:07:07
  your net worth. You sell that part and then you
• 2:07:09
  just ride the rest, right? And, and of course you have to
• 2:07:12
  set aside some for taxes, but I think, yeah, I mean, I've, I've
• 2:07:16
  heard so many stories from people who have secured their
• 2:07:21
  their retirement or they've secured generational wealth.
• 2:07:25
  And it's, it's just gratifying to hear because I think like
• 2:07:30
  people that come out and think me or Katzie or Kook and of
• 2:07:34
  course, you know, Steve and Tut and all kinds of other people.
• 2:07:37
  But I think it's important to recognize like this is a
• 2:07:41
  community and it's it's distributed and and everybody's
• 2:07:44
  kind of here to contribute in their own special way.
• 2:07:48
  And I don't think anybody would have made it this far.
• 2:07:51
  And, and, you know, there's, there are times when Katzie had,
• 2:07:55
  you know, concerns or I had concerns or kook.
• 2:07:59
  And, and it what if it wasn't just for example, like Steve
• 2:08:03
  Larrison was such a a big and giving character where there
• 2:08:07
  were times when, you know, I think, I think as, as someone
• 2:08:11
  who shares due diligence, you do, you do feel a high level of
• 2:08:14
  responsibility. And when the stock went to you,
• 2:08:17
  you felt like, oh man, did I lead people the wrong way?
• 2:08:21
  I must have, you know, I was wrong on this.
• 2:08:22
  And there were some pretty dark times back then.
• 2:08:26
  And I remember Stevie Larrison checking in with me, even
• 2:08:29
  calling me and just having a conversation and just making
• 2:08:32
  sure I was OK. And that's, that's, that's like,
• 2:08:36
  you know, beyond monetary things, beyond this stock, I
• 2:08:39
  mean, in some ways, like this stock is, is something of
• 2:08:42
  interest and it's brought us together and, and the side
• 2:08:45
  benefit is like this tremendous financial reward, which has been
• 2:08:48
  unbelievable. But the friendships and then
• 2:08:51
  just having this common interest, 'cause I, I, it's
• 2:08:55
  weird. It's like I have, I probably
• 2:08:56
  have a more daily connection with people in the space mop
• 2:09:02
  than any friends in real life. And so, but yeah, it's been a
• 2:09:06
  tremendous five years. And it's great to hear stories
• 2:09:09
  like that where I think this company, it, it, it's, it's cool
• 2:09:15
  because like we're, we're supporting this company and
• 2:09:18
  their mission. And it's actually a good mission
• 2:09:20
  to bring connectivity to those who are unconnected.
• 2:09:24
  And, you know, for my personal life, it's, it's going to know,
• 2:09:28
  I'm going to know that my, my family is safe because they're
• 2:09:31
  going to have connectivity no matter, no matter where they
• 2:09:33
  are. But but yeah, it's, it's cool to
• 2:09:36
  be invested in a company like that where you're, you're
• 2:09:38
  changing the world, right? And you're bringing broadband
• 2:09:40
  connectivity to people who otherwise wouldn't have it.
• 2:09:44
  And so wow, what a unique and unique journey.
• 2:09:47
  So thanks, Amit, for sharing. I really appreciate it.
• 2:09:50
  And, and thank you. I just had one question in the
• 2:09:54
  presentation, right. They mentioned that they had
• 2:09:57
  agreement with Singapore Defense.
• 2:10:01
  Corporation right they were exploring was this mentioned
• 2:10:04
  anywhere in their investor edition talks before
• 2:10:08
  representation. This is the first time I'm
• 2:10:09
  hearing this. Yeah, there there was APR.
• 2:10:13
  I think it was like over the summer.
• 2:10:16
  Maybe it was a tweet, but but I can, I can go back and find it.
• 2:10:19
  But yeah, they're there. That was they announced that I
• 2:10:23
  think it wasn't a full press release.
• 2:10:25
  Maybe. Yeah, actually maybe it was.
• 2:10:26
  But but yeah, it's it's, it's, it's in the it's I think it was
• 2:10:30
  over summer. But but yeah, the company, I
• 2:10:33
  guess one, the only criticism that I would have with the
• 2:10:35
  company is that there's so much going on.
• 2:10:37
  They they tend to be press shy. Like they will only PR the big
• 2:10:41
  stuff which is actually good because like the company is not
• 2:10:44
  about being over promotional but sometimes these smaller things
• 2:10:48
  kind of get lost in the cracks. Sure.
• 2:10:50
  Thank you. Thank you.
• 2:10:51
  I appreciate it. Thank you.
• 2:10:55
  I think that like just just hearing you both talk there, I
• 2:10:58
  think it really shows that this this community is is special and
• 2:11:03
  unique ways that we all have this kind of like we've
• 2:11:07
  definitely built CME swings. We definitely have this like
• 2:11:10
  mental toughness that we've taught ourselves and for a
• 2:11:13
  common purpose. Like my my one friend who just
• 2:11:17
  kind of recently got to investing, he talks to me about
• 2:11:22
  it and he's like, oh, I'm going to try to sell when it's 80,
• 2:11:26
  read back, buy when it's 40. And I just tell him, I've
• 2:11:29
  watched the stock for so long. I don't really care where it's
• 2:11:32
  wings. If the constellation is now like
• 2:11:35
  up and running, I'm not really going to going to think about it
• 2:11:38
  like that because why spend every day like staring at the
• 2:11:41
  stock price? Oh, I hope it's this.
• 2:11:42
  Oh, I want to make this. It's just good to look at the
• 2:11:46
  mission overall and teach yourself that mental kind of
• 2:11:50
  toughness. So when it does drop like that,
• 2:11:52
  you can say if you don't do have money that's deployable, like if
• 2:11:56
  it drops from 80 to 48, it's like, OK, this is a good
• 2:11:59
  opportunity. I love this company.
• 2:12:01
  I spend all my waking hours thinking of this company.
• 2:12:05
  I can add more at a more reasonable price and then just
• 2:12:08
  wait it out because we know where this mission is headed.
• 2:12:12
  So why kind of get in your own head about it?
• 2:12:15
  Why always be like worked up over it?
• 2:12:18
  I think it's good to relax and just be happy.
• 2:12:21
  Like hearing Ahmed's story there, It's like so many of
• 2:12:24
  these investors have tried to trade it, have seen it go all
• 2:12:28
  these different crazy ways. But people who have believed in
• 2:12:34
  the company and just have kind of held and have taught
• 2:12:36
  themselves are now kind of have taught themselves this mental
• 2:12:41
  toughness. And I think it's very
• 2:12:43
  impressive. So we do have a question here
• 2:12:45
  from stock meetups. Hey, how?
• 2:12:48
  How's it going? Hey, Goodman.
• 2:12:51
  Hey, Congrats to Anton man. Yeah, I think go right ahead.
• 2:12:57
  Yeah, about my story. Yeah.
• 2:13:01
  So, So first thing is I'm super happy.
• 2:13:04
  One for ISRO, second is for ASTS especially because ISRO is the
• 2:13:10
  same state where I was born when I was.
• 2:13:14
  So ISRO and DRDO are the two important key institutions for
• 2:13:19
  Indian government. They started investing back in
• 2:13:22
  late 90s to become really good in terms of I.
• 2:13:35
  Think you might to. To see this.
• 2:13:37
  Yeah, I'm, yeah. So I'm, I'm really excited for
• 2:13:41
  ISRO, especially, you know, succumbing to the stage and
• 2:13:46
  doing the biggest launch for them.
• 2:13:48
  And I'm expecting a tweet from the Prime Minister as well,
• 2:13:52
  because he generally wants to do some kind of PR and marketing
• 2:13:56
  for ISRO. Because the actual just weeded.
• 2:13:58
  Oh, that's good. Yeah, that's what I was saying
• 2:14:00
  in in other group to Modi. Prime Minister.
• 2:14:05
  Oh, nice. Oh really?
• 2:14:07
  That's awesome. Yeah, I was just texting to and
• 2:14:10
  Penman in other group. Hey, you know, we should tag
• 2:14:13
  Modi because he will generally tweet and we should make that
• 2:14:17
  that's. Awesome, He also talked about.
• 2:14:20
  You manifested it. Yeah.
• 2:14:23
  So for for my story, I mean we all we all invested in a lot of
• 2:14:28
  specs during the spec boom in back in 2020 and 21.
• 2:14:32
  And I've seen My Portfolio go down by 80% in 22 and 23.
• 2:14:37
  But we held on to the note I started investing in like log at
• 2:14:41
  lab and ESDS and few other good specs which are which are good
• 2:14:45
  founder LED. And I used to chat a lot with
• 2:14:47
  the cook and and penman. Hey, this is a good concept and
• 2:14:51
  etcetera. You know, like when are we going
• 2:14:53
  to see the big, you know, big launches?
• 2:14:56
  It was really nerve, nerve breaking.
• 2:14:58
  But we are we all, we all held on to the stocks.
• 2:15:01
  I was able to, you know, keep a lot of warrants and sometimes
• 2:15:05
  warrants went to point like 20 cents, $0.10 also and stock went
• 2:15:09
  to $2.00 still added more average down because I, I
• 2:15:17
  believed in Abel and then I looked at his oral history, how
• 2:15:21
  he solved the submarine communication problem with the
• 2:15:25
  emerging communication his, his previous company.
• 2:15:28
  It was pretty impressive how he tried to solve the, the
• 2:15:33
  submarine communication problem because it's little hard problem
• 2:15:35
  to solve and he doesn't talk too much and you know, he's, he's
• 2:15:39
  very, very focused on it. And then when ISRO started being
• 2:15:43
  part of this whole, you know, STS, it, it got very excited as
• 2:15:48
  well because but ISRO, this is a big launch.
• 2:15:51
  A they are, they're putting a lot of efforts because if this
• 2:15:54
  gets successful, it's good for them as well to get more
• 2:15:57
  business. And especially when I saw the
• 2:16:00
  chief head of ISRO and I'm going to Tirupati, which is a very
• 2:16:05
  famous temple. It's probably one of the top
• 2:16:06
  three temples India where close to 150,000 people visit every
• 2:16:10
  day. It's it's one of the very, very
• 2:16:12
  important table table. I'm super excited, you know,
• 2:16:16
  seeing it today. And then couple of months ago
• 2:16:21
  when I went to the first met conference, just as a, you know,
• 2:16:27
  as an audience, which happened in, you know, in Bellevue, WA, I
• 2:16:32
  was even more excited because they these people were having a
• 2:16:34
  lot of problems the first met and was then I was explaining to
• 2:16:38
  about them to ACS and etcetera. You know, some people knew it,
• 2:16:42
  some people didn't knew it. So I think, OK, we are too
• 2:16:44
  early. So that's good.
• 2:16:45
  I mean, so we are still in early game.
• 2:16:47
  So we are we are investing into a great tech and the Spacio, the
• 2:16:54
  overall, you know what the big beautiful bill, I think it will
• 2:16:58
  come into effect in on January 1st, which is next week.
• 2:17:02
  And the National Defence authorization.
• 2:17:05
  It's it's and the rate cuts and charity SAC Man.
• 2:17:08
  I think we have everything, you know, lined up at the right
• 2:17:11
  time. I think someone was saying if
• 2:17:13
  this all of the things happened in the previous administration,
• 2:17:16
  yeah, you won't get this kind of push.
• 2:17:18
  I think we are and now OUS is trying to compete, especially
• 2:17:25
  the in all the markets, especially on the commercial
• 2:17:27
  defense, agricultural and robotics.
• 2:17:30
  Wrong technology. The Asts will be very useful
• 2:17:35
  even though they are doing right now 5G and then there was an EO
• 2:17:40
  sign which was, you know, yesterday if I'm not wrong on
• 2:17:43
  the 6G as well as a national security.
• 2:17:46
  I'm thinking Asts will play a very, very vital role on that
• 2:17:49
  aspects. And the other important thing
• 2:17:52
  because I, I work in AI and data center to an extent.
• 2:17:57
  So especially on the AI side, if you look at it right, there is
• 2:18:03
  probably REW and Asts who are building large solar arrays and
• 2:18:11
  the tech that these folks are built, management of the large
• 2:18:14
  solar tech of the OR the solar arrays, that is very, very
• 2:18:18
  critical even for data centers too.
• 2:18:21
  So I may not be surprised if there would be some partnership
• 2:18:24
  of Asts with some other big place.
• 2:18:27
  I mean, so Google is already an investor who knows, like Sundar
• 2:18:31
  and somebody else would be already discussing about
• 2:18:34
  launching their data center in space with some of the tech ACS
• 2:18:38
  has built for larger solar arrays because they know that
• 2:18:41
  spec. And so I'm super psyched up with
• 2:18:45
  all the opportunities, what we have.
• 2:18:48
  Yeah, yeah. No, it's an exciting time.
• 2:18:51
  So I guess from your perspective and you know a lot of people
• 2:18:55
  there, what do you think is the impact of this?
• 2:18:58
  Because I, I, I know this is a historic and, you know,
• 2:19:02
  extraordinary event for India and a big source of pride.
• 2:19:05
  But I guess how do you think it does this spread awareness for
• 2:19:10
  the company and and how do how are people in India viewing this
• 2:19:14
  event? I think one right first thing is
• 2:19:19
  I don't know whether AST is already logged in a partner yet
• 2:19:23
  in India. They they do have a version with
• 2:19:25
  Vodafone ID ATA right? Yeah, Vodafone, Yeah, Yeah, I
• 2:19:28
  think but once, because like Modi has said this etcetera, I
• 2:19:32
  think this will go into the mainstream with Adani and
• 2:19:35
  Ambanis and which are the two 2 richest guys there, right?
• 2:19:38
  And they are Reliance, the mobile network and the other
• 2:19:43
  mobile networks they're also going to bring.
• 2:19:48
  Hey, I'm not sure what happened. I think, I think, I think ASD
• 2:19:53
  Space Mob, I think he shut it down by the other one early, but
• 2:19:59
  either relaunched. I think he just relaunched here.
• 2:20:03
  Let me just tell him to come over here one second.
• 2:20:09
  Oh yeah, he's come back. We add stock beat UPS back.
• 2:20:18
  I guess there was technical difficulties.
• 2:20:20
  I I think, I think we might have matched out the time.
• 2:20:23
  Oh really? Is there?
• 2:20:24
  Is there? Maybe 4 hours, I don't know.
• 2:20:28
  I don't think there is because I've, I know people have had
• 2:20:31
  these like really long marathon spaces.
• 2:20:35
  Got it. Well, yeah, my apologies.
• 2:20:37
  I I don't really just kind of I one of my app is that you've
• 2:20:39
  been disconnected. I re pick a hit the spaces and
• 2:20:42
  it just said it's it's over. Hey, stock meet up.
• 2:20:46
  Sorry you got cut off there. Yeah, yeah, I think.
• 2:20:49
  It's a huge, yeah, I think it would be a huge push for overall
• 2:20:54
  this, I mean, STS as a tech, right?
• 2:20:57
  Because so far what I've seen in the Indian, you know, when you
• 2:21:01
  talk with the normal public there, I mean, so like whenever
• 2:21:05
  I visit, generally on vacations, they talk about, you know, star
• 2:21:08
  link, but they don't understand the difference between a
• 2:21:11
  broadband connectivity versus D2C, right?
• 2:21:14
  But now with this strong push from Modi and etcetera on the
• 2:21:18
  PR, this will become a mainstream because first time
• 2:21:21
  Israel has largest, largest. And also it suggests is that
• 2:21:28
  they use something new tech for, you know, for the first time
• 2:21:31
  they, they, they'll also be a push for this new tech as well.
• 2:21:35
  This was the, I think this was the 100th Israel launch, right?
• 2:21:42
  That's right there. There was something like I think
• 2:21:44
  it was this might have been the 100th launch.
• 2:21:45
  But but yeah, I mean, the company AST has been pretty
• 2:21:50
  focused on the Indian market. For example, we opened up a an
• 2:21:53
  office in Iberidad. Is that how you pronounce it?
• 2:21:57
  Yeah. And then, yeah.
• 2:21:59
  And then Vodafone Idea, we signed on recently and, and you
• 2:22:03
  know, we've all speculated that this, this giving them the first
• 2:22:07
  block to launch was probably going to, from a political
• 2:22:12
  perspective, kind of ease regulatory approvals.
• 2:22:15
  Because we, we, you know, I think the Indian market in
• 2:22:18
  general is, I wouldn't, I don't know if it's notorious, but, but
• 2:22:22
  getting regulatory approval there, for example, for
• 2:22:24
  Starling's too. I'm, and so, so I, I, I think
• 2:22:29
  launching on Israel and, and, you know, having an office there
• 2:22:35
  and, and obviously employees there, I think is, is going to
• 2:22:38
  go a long way. But but yeah, that's really cool
• 2:22:40
  to hear how how this is being this is viewed by a country.
• 2:22:45
  Yeah, and and also the beauty of AST is the right when you
• 2:22:49
  compare with the start link or Cooper is a data doesn't get
• 2:22:54
  stored anywhere in the ASTS. It's compliment, it's actually
• 2:22:57
  doing complimentary work for the MN OS.
• 2:23:02
  I think in, in terms of data and security etcetera.
• 2:23:06
  I don't think Indian government will have a problem because
• 2:23:09
  whoever is the MN OS right either Reliance or Airtel or
• 2:23:14
  work on India, all those folks will go and work through those
• 2:23:18
  those bureaucracy problems. Right.
• 2:23:22
  That doesn't, it's not a problem for Asts, it's a problem for
• 2:23:24
  that. But if you look at Starlink,
• 2:23:27
  then you know Starlink has to go through and they it's, it's
• 2:23:31
  especially if you are in India and China.
• 2:23:33
  And if you are in the bureaucratic world it it it will
• 2:23:35
  be hard for them to trust a non. Right.
• 2:23:39
  The entity from the country. Right, right.
• 2:23:43
  Yeah, Yeah, it's we, we have a structural advantage which I
• 2:23:47
  think as as other countries and carriers roll out startling
• 2:23:52
  service, they're going to find out, yeah, it's just a matter.
• 2:23:55
  Of fact, right? Because once you get a lot of
• 2:23:58
  let's say like Vodafone implements it as responsible,
• 2:24:00
  etcetera, then hey, if I mean it's much easier to convince
• 2:24:05
  because hey, you, you look at the neighboring country or the
• 2:24:07
  neighboring continent, you have so many folks.
• 2:24:09
  It's not just our problem that becomes much more easy to get
• 2:24:12
  the regulatory approvals. But for Starling is a different
• 2:24:18
  story. Yeah, no, I agree.
• 2:24:23
  Why don't we? There's a few people who have
• 2:24:25
  come up, it is 11:30 so I want to be carved of everyone's time,
• 2:24:30
  including my own, but. Yeah.
• 2:24:31
  Do you want to, do you want to try to wrap us up?
• 2:24:34
  Are you good to go till 12? Go a little longer and.
• 2:24:36
  We can go a little longer maybe, I think.
• 2:24:38
  Rick Yeah. What's that?
• 2:24:42
  Yeah, everyone good. Yeah, I just the first thing I
• 2:24:47
  want to say was just really great words by me and you and
• 2:24:51
  Pam, man, I thought it was really inspiring.
• 2:24:54
  The whole thing about the the community rings true.
• 2:24:57
  You know, it was my friend way back in, in early 2024, hounding
• 2:25:01
  me about ASTS saying you got to get in, you got to get in and
• 2:25:05
  took me a few months after that, but you know, I'm here now and,
• 2:25:08
  and been along for the ride. So it's really just been it's
• 2:25:11
  been great and it's great to hear from the community.
• 2:25:14
  You know my my question here really is just watching this
• 2:25:17
  launch, I couldn't help but thinking.
• 2:25:19
  I don't love the idea of the Rockets being out of my hand.
• 2:25:23
  I know it went all well today, but I'm just curious like got me
• 2:25:27
  thinking, what are you, what are your guys's thoughts on a
• 2:25:30
  potential merger between ASTS and Rocket Lab Should the
• 2:25:33
  Neutron go live? That's a good question.
• 2:25:39
  I mean, it's, I think it would be kind of tough because
• 2:25:43
  Neutron, I, I don't know the exact specifics, but my guess is
• 2:25:46
  if it's comparable to Falcon 9, then you, you'd want, or you
• 2:25:51
  could launch 3 Bluebirds at a time.
• 2:25:53
  But I think, I think the companies are very different,
• 2:25:56
  right? And so being fully integrated,
• 2:26:02
  you know that because we're working.
• 2:26:04
  I mean, the thing about space companies is that you often
• 2:26:07
  times work with competitors. And, and so there's, there's
• 2:26:11
  that possibility that you, if you did merge with Rocket Lab,
• 2:26:14
  you could use their launch, but then you would still need Blue
• 2:26:17
  Origin New Glen. But yeah, I mean, I, I don't,
• 2:26:20
  I'm not sure there'd be that much in terms of synergy,
• 2:26:24
  because I think Rocket Lab is, is focused on launch and they're
• 2:26:27
  building different space systems.
• 2:26:29
  And I think, yeah, I mean, it's, I, I don't know if you putting 2
• 2:26:33
  founders that are very entrepreneurial, have a, a
• 2:26:38
  vision of things. I think when you, if you combine
• 2:26:42
  just from a organizational perspective and culture point of
• 2:26:45
  view, I'm not sure how well those two would meld together
• 2:26:49
  because obviously one one person is, is they have a vision and
• 2:26:54
  they're used to being in charge. When you when sometimes when you
• 2:26:57
  have these mergers and you have the Co Co CEO is like,
• 2:27:01
  eventually someone gets pushed out and then and then perhaps
• 2:27:04
  like, you know, execution for one side of the business kind of
• 2:27:07
  goes by the wayside. So yeah, yeah.
• 2:27:09
  Well, I mean it. It'd have to be.
• 2:27:10
  It'd have to. Be able of course.
• 2:27:13
  Yeah, but I, I think there's, there was some talk today about
• 2:27:16
  perhaps Rocket Lab, you know, acquire merging with ULA like
• 2:27:21
  that deal would make a lot of sense because I think ULA brings
• 2:27:24
  a lot to the table. They've got flight heritage and
• 2:27:28
  I'm sure there's a lot of interesting things that Rocket
• 2:27:30
  Lab can do with ULA and of course they don't have ACEO now.
• 2:27:34
  And so that deal would make a lot more sense than a Space
• 2:27:38
  Mobile Rocket Lab deal. If I don't think a Bell's a
• 2:27:42
  seller, if he ever did sell, then, you know, you're probably
• 2:27:46
  looking at a company that is probably servicing M and OS
• 2:27:50
  that's that's a better fit that way.
• 2:27:52
  And so maybe like a Google or an Amazon or someone, an Apple, for
• 2:27:58
  example. But yeah, I don't think he's a
• 2:28:00
  seller. Yeah, no, that makes sense.
• 2:28:02
  I think, you know, my, my just high level thought is you get
• 2:28:06
  AST and you get Brocolab together and that puts you at
• 2:28:09
  the scale where you can start to, you know, compete with the
• 2:28:12
  likes of like a SpaceX. At least just in terms of pure
• 2:28:16
  scale, but you know, appreciate on the CEO point, I think that
• 2:28:19
  makes sense. You mentioned some buyers there.
• 2:28:21
  I'm curious like mentioned Amazon like what at what price
• 2:28:25
  does this go to Amazon? Like, is that even in the realm
• 2:28:27
  of of possibility? I don't, I mean, I, I don't
• 2:28:32
  think that a Bell's a seller, but if he had to sell you or
• 2:28:37
  yeah, if he was open to it, a strategic buyer, like I think a
• 2:28:41
  Google would be a good fit because they already work with M
• 2:28:44
  and OS, They control Android and they service phones and they,
• 2:28:49
  you, you basically need to be a party that's neutral to M and
• 2:28:53
  OS, right. And so I think a Google could
• 2:28:56
  work and Apple would work very well.
• 2:29:00
  But then beyond that, you know, if you're talking about it in
• 2:29:03
  Amazon, I guess the issue there is that, you know, you have Leo,
• 2:29:06
  which is the renamed Kiper and fixed wireless.
• 2:29:10
  As we met, we've talked about, you know, Starlink front fixed
• 2:29:12
  wireless is actually competitive to M&O, what the M and OS, what
• 2:29:17
  they're doing around 5G Internet at home and then fiber.
• 2:29:20
  And so that's not you, you generally don't want to try to
• 2:29:23
  be in competition with your M and OS, which is why I think
• 2:29:26
  Starlink has, you know, they've, they've signed on a decent
• 2:29:29
  amount of direct to sell customers.
• 2:29:31
  But then I think no one really trusts Elan or they, you know,
• 2:29:36
  they, they don't want to be in competition with, with Starlink
• 2:29:40
  fixed wireless. And so, yeah, I I think those
• 2:29:43
  like Google and Apple certainly would be like good fits and and.
• 2:29:48
  Especially with Gemini. Yeah, yeah.
• 2:29:51
  Do you think Able's a buyer at all or like understand he's not
• 2:29:53
  a seller. Do you think he's a buyer?
• 2:29:55
  Like do you see any anything there?
• 2:29:58
  No, I don't think he's. I don't think the company is
• 2:30:01
  interested in buying stuff right.
• 2:30:03
  Like they, they've got such a huge, they've got this
• 2:30:06
  insurmountable wall of opportunity to attack, right.
• 2:30:09
  Like they've got the commercial business, they've got military.
• 2:30:12
  Could they do some small tuck insurance for key technologies?
• 2:30:16
  Yeah, maybe like one that they had to do, for example, is they
• 2:30:20
  had to buy thrusters from the old Astra because they couldn't,
• 2:30:25
  they couldn't produce those. And so that's what delayed block
• 2:30:28
  the Block 1 satellites. And so they had to buy, they
• 2:30:30
  actually, they bought a licensing agreement where they
• 2:30:32
  could just manufacture them themselves.
• 2:30:35
  But I don't really see AST being highly acquisitive of other
• 2:30:39
  businesses except for spectrum, right?
• 2:30:41
  And so when they bought Legato Spectrum in January, that was an
• 2:30:45
  eye opener. A lot of people are like, oh,
• 2:30:46
  they're not, they're straying from their mission.
• 2:30:49
  But I think for a Bell and Scott and and the management team,
• 2:30:53
  they saw an opportunity to secure highly valuable spectrum
• 2:30:56
  that give that gives them a lot of flexibility strategically for
• 2:31:00
  the future. And then lo and behold, you
• 2:31:03
  know, a few months later SpaceX buys Echostars Spectrum.
• 2:31:06
  And so that was a good move. Yeah, now that's super
• 2:31:11
  insightful. I'll I'll hang up and listen
• 2:31:13
  now. Yeah.
• 2:31:14
  Thanks for coming up. Just want to add a little bit
• 2:31:17
  more on that content. I think it's just will not my my
• 2:31:24
  guess is they will never be open for selling.
• 2:31:27
  They they would get offers from all the big tech, but I think
• 2:31:30
  because of the number of the collaboration partnership they
• 2:31:35
  have built across the world and the entire huge market shit
• 2:31:40
  they're going to get with commercial defence, agriculture,
• 2:31:42
  robotics, drones and all national security and 6G and
• 2:31:49
  U.S. government can become a partner itself.
• 2:31:51
  But I hope they don't take the US government investments.
• 2:31:55
  They can be independent and they actually grow super quick and
• 2:31:58
  super fast. It great revenues, you know
• 2:32:01
  coming up with this huge launches.
• 2:32:07
  Yeah, I agree. Let's see.
• 2:32:11
  Let's try to get more people here.
• 2:32:12
  Fool's gold. How's it going, man?
• 2:32:15
  Hey, good. How are you?
• 2:32:17
  We're good. So very, very exciting day.
• 2:32:21
  I'm in Dubai right now, so it's morning.
• 2:32:24
  Good morning. Really enjoyed watching.
• 2:32:26
  Really enjoyed watching the launch.
• 2:32:28
  Space Mob is good so I'm a total vibes investor.
• 2:32:36
  Basically like stock meetups back in 2021, I was buying just
• 2:32:41
  every different SPAC there was. And my, my name, Fool's Gold
• 2:32:51
  actually came from my mom saying be careful that these space
• 2:32:54
  stocks you're buying are not Fool's gold.
• 2:32:58
  And so I was a huge investor in Rocket Lab.
• 2:33:01
  At one point I had 150,000 shares.
• 2:33:04
  And at the beginning of this year, Tim, who's now Alexander
• 2:33:10
  had a post in regards to Asts and just really got me hooked.
• 2:33:17
  And so I split the investment. And I don't know if you remember
• 2:33:21
  specifically MPMM, but I was in Japan for a few months and
• 2:33:24
  literally every day there was an AMPAN Man that I saw and took
• 2:33:29
  pictures. And I actually won an AMPAN Man
• 2:33:32
  stuffed doll from a claw machine, which is if anybody
• 2:33:35
  knows something from a claw machine, it's like impossible.
• 2:33:39
  But but the signs were everywhere.
• 2:33:43
  And you know, it's been a crazy kind of journey now that it's a
• 2:33:48
  consolidated position in My Portfolio every you know, I'm a
• 2:33:53
  little over leveraged. So I've been a panic in a few
• 2:33:55
  times as the stock has gone up and down and I have been shaken
• 2:34:00
  out a little bit because of people don't know when you have
• 2:34:02
  a consolidated position at some point as the stock goes down,
• 2:34:06
  they re rate it and then they tell you, oh, we have to, you
• 2:34:09
  know, think that maybe it'll fall 90% in a day.
• 2:34:12
  So then your whole leverage, you know, equation changes.
• 2:34:16
  So I've got about 85,000 shares right now, but like super, super
• 2:34:21
  excited and just cannot wait for this year and for the future.
• 2:34:25
  And, and thank you for everything because really you,
• 2:34:28
  you and Kook and everybody in the community has just kept me
• 2:34:31
  on point. So thank everybody.
• 2:34:34
  Yeah, congratulations. Yeah, Congrats on making it this
• 2:34:37
  far. And I, I think I, I, this is the
• 2:34:40
  PSA. When using margin, use it
• 2:34:44
  sparingly, tactically and with defined parameters for short
• 2:34:48
  periods of time, like if you think you have edge, But for the
• 2:34:51
  most part, and I'm, I'm not trying to, to, you know, I'm
• 2:34:56
  not, I, I guess I'm just trying to say that for, for high beta
• 2:35:02
  stocks, like margin is not a good combination.
• 2:35:05
  So just be careful because often times when you have just normal
• 2:35:09
  volatility of them or the market moves, you might be right on
• 2:35:13
  your stock, but or the company's fundamentals, but the market
• 2:35:16
  moves against you, you get tapped out at the wrong time,
• 2:35:18
  right. And so, but you know, when it's
• 2:35:21
  working for you, it can be great.
• 2:35:23
  But but yeah, I'm, I'm glad to hear that, that you've got a
• 2:35:25
  great, great position. And yeah, this is a tremendous
• 2:35:29
  milestone that we've achieved tonight.
• 2:35:31
  And I as, as we've all said, like I think 2026 is setting up
• 2:35:35
  to be very, very, very good for the company.
• 2:35:38
  But thanks for sharing. Yeah, thank you.
• 2:35:42
  Let's see, ASDSFSD, do you want to?
• 2:35:45
  Yeah, yeah. How's it going?
• 2:35:47
  Thanks a lot. Yeah, thanks for everything you
• 2:35:51
  guys do for the community. I I kind of got into the stock.
• 2:35:56
  I'm I'm a newbie and I I've been in investing for, you know,
• 2:36:01
  decades and I some along this into the stock.
• 2:36:05
  Not that long ago I didn't know what I owned, so I was selling
• 2:36:10
  cover calls and then. Oh boy, yeah.
• 2:36:13
  And then I got caught. September, October and then I
• 2:36:17
  was like, what is this stock right?
• 2:36:20
  And that's when I, I was completely oblivious to this
• 2:36:23
  community and that's when I found you guys and then I
• 2:36:27
  started digging deeper and deeper and now I'm, you know,
• 2:36:32
  I'm, I'm deep into, I mean, it's probably one of my biggest
• 2:36:37
  positions now. So I had a question.
• 2:36:41
  So you know we're we're looking at 45 to 60 sets by end of year
• 2:36:47
  and you know we're looking at 45 days on average per launch.
• 2:36:54
  And even if you have a Falcon nine with the payload of three
• 2:36:58
  block block twos, we're not going to even get close to the
• 2:37:01
  lower bound right. So clearly we're expecting the
• 2:37:07
  the new client to come online. Do we have any good insight in
• 2:37:12
  terms of one that will come online?
• 2:37:14
  Cause to even get to 45, we're gonna we're gonna need to have
• 2:37:19
  that be the majority of the launches of this year.
• 2:37:24
  I don't know if you guys covered this 'cause I joined on the
• 2:37:27
  after the successful launch today.
• 2:37:29
  So any insight would be great. Yeah, thanks for coming up.
• 2:37:34
  Yeah. So we, we do expect after 2
• 2:37:39
  Falcon 9 launches, at least the way that the company had
• 2:37:42
  described the cadence, it was going to be two single launches
• 2:37:46
  and then 2 Falcon nines and then everything after was going to be
• 2:37:49
  New Glen. However, the company did plan
• 2:37:52
  contingencies and so there are extra Falcon Nines booked for
• 2:37:56
  this year. And so if, if Blue, if Blue
• 2:38:00
  Origin, New Glen can't meet its cadence that they're expecting,
• 2:38:05
  they I think they've overbooked to something north of 70
• 2:38:09
  satellites in terms of launch. And so when you talk to the
• 2:38:13
  company and when they've, you know, spoken in public, they've
• 2:38:17
  talked about overbooking and stacking, stacking launches on
• 2:38:20
  top of one another. So, yeah, I think, I think the,
• 2:38:25
  the expectation is that New Blue, Blue Origin, New Glenn.
• 2:38:29
  And you saw some reference to, you know, a Bell and, and Jeff
• 2:38:35
  Bezos and of course Adriana Cesaro's meeting last year.
• 2:38:39
  And, you know, everyone jokes about or this past year,
• 2:38:41
  everyone jokes about congratulations for what?
• 2:38:44
  I think that's when they they inked, they made sure that that
• 2:38:48
  Blue Origin was going to meet the, the cadence that they're
• 2:38:51
  expecting. And one of the things I think
• 2:38:54
  is, you know, the, the management team is in constant
• 2:38:57
  contact and they visit Blue Origin quite often.
• 2:39:01
  And so they know exactly kind of what's on the horizon.
• 2:39:04
  And you know, we, we actually are speculating and we'll see if
• 2:39:08
  it actually happens. But I think there's a pretty
• 2:39:10
  decent chance that that BB7 is a is going to go up on Blue
• 2:39:16
  Origin. New Glen in January is the, the
• 2:39:20
  original payload, which is the blue moon, the real Lander.
• 2:39:24
  I think, I forget exactly, but I don't think that's going to be
• 2:39:27
  ready till March. But Blue Origin, New Glen has to
• 2:39:31
  have four successful launches in order to be, I guess certified
• 2:39:36
  for government work. And so that January launch is
• 2:39:40
  happening regardless, right. And so I, I think there's a
• 2:39:44
  pretty good chance that we'll be on that, on that launch.
• 2:39:47
  Great. Yeah, Yeah, thanks.
• 2:39:49
  Just quickly, do we, do we know roughly what the the cost per
• 2:39:55
  launch would be for New Glen? I'm assuming it's got to be, you
• 2:39:59
  know, in the in the 100 million range, given that Falcon 9 is
• 2:40:04
  roughly 60 to 70 million. So I mean, I think based off of
• 2:40:09
  what I've seen, you know, in in on the tweets and here and
• 2:40:14
  there, I think that's right. I think the upper end, we
• 2:40:19
  probably have some some discounts.
• 2:40:21
  I would say maybe Amazon Prime discounts, but I think I think
• 2:40:26
  it's. You know, depending on where you
• 2:40:29
  re aid it's, it's anywhere between maybe 80 to $100
• 2:40:32
  million. So on a per satellite basis,
• 2:40:35
  that's that's very that gets us to where we want to be for 21 to
• 2:40:41
  $23 million per satellite fully baked.
• 2:40:44
  Awesome. Thank you.
• 2:40:46
  Yeah. Thanks for coming.
• 2:40:48
  I just saw a bell treated. Congratulations to the Prime
• 2:40:51
  Minister on this test for launch Blue Board 6 satellites and
• 2:40:55
  ISRO, the largest ever commercial communication
• 2:40:58
  satellite in low Earth. Orbert perfect execution.
• 2:41:01
  It's really cool. But I, I responded saying, hey,
• 2:41:05
  come chat and put that link. Yeah, you got to take your shot,
• 2:41:12
  you know. Yeah, yeah, you might come.
• 2:41:14
  He's probably going to tweet that and not open his phone or
• 2:41:17
  probably has a million other things to do.
• 2:41:20
  Yeah, let's see. Big watch.
• 2:41:23
  He's like hop in a space real quick.
• 2:41:25
  Can you imagine? That when you.
• 2:41:27
  Caught the game? In in India, the early majority
• 2:41:31
  and the late majority and the Lakers will all know of AST.
• 2:41:34
  At the same time, in the US, perhaps The Pioneers and the
• 2:41:38
  early majority knows about the AST.
• 2:41:41
  It's an enormous market, India, and it's also a lot of
• 2:41:45
  investors. Welcome back, Katzie.
• 2:41:51
  Hey, welcome in. Yeah, I had some very fancy
• 2:41:56
  audio setup that failed on me and now I'm used to my cell
• 2:41:59
  phone. I was going to ask you when,
• 2:42:03
  because MN was going in kind of the the entire journey through
• 2:42:06
  the ups and downs. And he brought up like how how
• 2:42:09
  you started pointing out the like military use case before he
• 2:42:12
  even probably the company even talked about.
• 2:42:14
  It was like kind of the thing that really like drew you to the
• 2:42:17
  the military aspect and thought that it was possible when
• 2:42:20
  everyone else just kind of looked at it as strictly
• 2:42:22
  communication. Yeah, there.
• 2:42:25
  There were a couple of mentions before the spec merger from the
• 2:42:30
  company and then it was a total radio silence for three years
• 2:42:34
  about the military aspects. But I knew from first hand what
• 2:42:42
  connectivity to to small radius mean for warfare.
• 2:42:48
  The situational awareness from sharing in real time where you
• 2:42:53
  are, where your friends are, waypoints where the opponent is.
• 2:42:59
  It will give back the advantage and the edge to the US or
• 2:43:08
  Western war fighter that was lost with the proliferation of
• 2:43:11
  sensors. US war fighters used to be apex
• 2:43:16
  predators or have the edge because they had better sensors.
• 2:43:21
  These days their pure opponents have yes, this good sensors like
• 2:43:27
  thermals and light vision. And so.
• 2:43:29
  So you need to get that edge back, and you do that by sharing
• 2:43:35
  the sensor data, processing it with the help of AI,
• 2:43:41
  redistributing the intelligence and overlaying that upon the
• 2:43:46
  physical world with augmented reality.
• 2:43:49
  And you sort of fuse this AI intelligence with the sensor
• 2:43:55
  input and you regain that edge. Quick, quick way to make the
• 2:44:03
  right decision is what wins worse.
• 2:44:06
  So that's what communications aspect does the AI computation
• 2:44:18
  know that's closest to the war fighter in the contested theatre
• 2:44:21
  will be in low Earth orbit because you can't do that
• 2:44:26
  inference on the size, weight and power constraint radius of
• 2:44:31
  the soldier. And the latency to go back to
• 2:44:36
  say, USA from a theatre far away is just the latency is too, too,
• 2:44:44
  too big. So, so it needs to be in low
• 2:44:46
  Earth orbit. You need to be able to have
• 2:44:50
  redundancy in the network. So low Earth orbit connectivity
• 2:44:55
  will provide that. And it's simply that it's, it's
• 2:45:00
  such a powerful thing. It's a 10 force multiplier to
• 2:45:05
  have that sort of real time connectivity that it will be
• 2:45:11
  funded and it will be fielded. And then just there, there's
• 2:45:17
  many aspects and layers of what you can do with, with huge face
• 2:45:21
  to race. There's also this missile
• 2:45:24
  defence aspect. Just just look at the Aegis
• 2:45:29
  missile destroyers or cruisers of the US Navy that they have
• 2:45:37
  this huge face to race for radar or sensing, sensing incoming
• 2:45:44
  missiles and so same with aerial warfare.
• 2:45:53
  The veg tails or the Sweden also has this phase three equipped
• 2:45:59
  aircrafts. It what's decides aerial combat
• 2:46:06
  is who has the best best Raiders on board aircraft and also on
• 2:46:12
  board drones. There was a conflict between
• 2:46:18
  Pakistan and India recently. None of their fighters crossed
• 2:46:23
  the borders, but the Indian aircrafts, they launched air to
• 2:46:27
  ground missiles and the Pakistanis, they used Swedish
• 2:46:33
  made face to ray equipped airborne early warning
• 2:46:37
  aircrafts. They they saw the Indian
• 2:46:39
  aircrafts one day lifted from their bases and they saw when
• 2:46:45
  they fired their missiles and they downed a few Indian
• 2:46:50
  aircrafts with such technology. And so that's 4.5 Gen. airborne
• 2:46:58
  warfare over air warfare. And the next logical leap will
• 2:47:03
  be to put those race in space. That will be 6th generation
• 2:47:11
  aerial warfare. We'll need that layer.
• 2:47:14
  And then that's obviously golden to sort of missile defence and
• 2:47:21
  knowing where long range stealth aircrafts are and hypersonics
• 2:47:25
  and such. You you'll need to have space
• 2:47:28
  based radars. So, yeah, and I could speak
• 2:47:34
  another couple of hours on this subject, but the I'll land
• 2:47:38
  there. He's got to say, I mean.
• 2:47:43
  If you stayed up all night, why can't we?
• 2:47:46
  Yeah, this is morning. You don't know.
• 2:47:49
  Yeah. Let's, let's see.
• 2:47:51
  We got periodic Twitter. Do you want to come up and say
• 2:47:54
  hello? You have a question Periodic.
• 2:48:00
  You there? OK, we're gonna move on to
• 2:48:06
  Lamello Mello. Hey, how's it going, guys?
• 2:48:11
  So first of all, I'm actually the the one who got wrecked,
• 2:48:16
  Tobi, who spoke earlier. So I was the friend that he was
• 2:48:20
  speaking about and I've obviously followed because it's
• 2:48:23
  topping up. You're still friends?
• 2:48:24
  Yes. So I've followed your guys
• 2:48:27
  Twitters for a while for all new updates and honestly keeping the
• 2:48:31
  faith throughout the whole process.
• 2:48:34
  And so I feel like for being involved for so long, I've
• 2:48:37
  definitely seen a lot of equity raises and aftermarket
• 2:48:43
  offerings. And I just wanted to ask,
• 2:48:46
  looking forward in 2026, do you see any scenario where ASTS is
• 2:48:54
  forced to do another offering or do you think they're pretty well
• 2:48:58
  fully funded with the 3 billion? Dollars of cash on hand.
• 2:49:02
  Because I feel like Scott and Abel over the past year have
• 2:49:04
  done a great job at raising at the right times.
• 2:49:09
  Yeah, they certainly have. They I, I think at this point, I
• 2:49:14
  don't really foresee them having to raise money, but I wouldn't
• 2:49:16
  be surprised if they do. I mean, they've got, we still
• 2:49:20
  have an, an ATM outstanding that they can, they can continue to
• 2:49:23
  tap and but if you add up all the liquidity, it's, you know,
• 2:49:27
  over 3 billion pro forma. But you know, this company does
• 2:49:30
  need capital to build satellites.
• 2:49:33
  However, of course, the balance will be when you know, you've
• 2:49:38
  got military contracts and commercial service like
• 2:49:41
  commercial prepayments, for example, and then non dilutive
• 2:49:44
  funding like import export bank funding.
• 2:49:47
  When you have all these things kind of coming together at the
• 2:49:49
  same time, you may not have to raise any more money.
• 2:49:53
  And and of course, when service is launched and revenues are
• 2:49:58
  coming in, then at some point, you know, if they've talked
• 2:50:01
  about, for example, having intermittent service with 25
• 2:50:04
  satellites, which should cover the operating expenses.
• 2:50:07
  But you know, if that's not going to cover CapEx.
• 2:50:09
  But I wouldn't be surprised if they do another raise this
• 2:50:13
  coming year because one of the things that is as I talked about
• 2:50:17
  before, is that the company has this insurmountable wall of
• 2:50:21
  opportunity, right? And so for example, when they
• 2:50:23
  raised over a billion dollars in October, I remember I talked to
• 2:50:28
  management and asked them, well, why'd you guys raise this money?
• 2:50:32
  Obviously it was at a good price because they did that convert
• 2:50:35
  when stock was at 96 or so. And their response was, well,
• 2:50:40
  you know, we, we didn't really have plans to raise money.
• 2:50:42
  But then the, there, there was a few opportunities that came up
• 2:50:48
  that they wanted to accelerate production, which I think, you
• 2:50:50
  know, the, my speculation is, is that Golden Dome became more of
• 2:50:55
  a reality. And so when you have
• 2:50:58
  opportunities like that, you have to put forward capital and
• 2:51:02
  accelerate production, right and development.
• 2:51:04
  And so, so it's smart that they raise money and and I wouldn't
• 2:51:08
  put it past them to do another race for this coming year.
• 2:51:12
  And that would be if they see more opportunity, that's a
• 2:51:16
  creative and value creative in nature and they want to pull it
• 2:51:20
  forward. But that said, you know, they're
• 2:51:22
  well positioned as they are right now and you know, they if
• 2:51:27
  they do raise something, it would, it would be
• 2:51:28
  opportunistic. But but yeah, I, I think I feel
• 2:51:33
  really good about where they are more so than any point in time
• 2:51:36
  in history because we are on this on the cusp of commercial
• 2:51:41
  service. And, you know, just for example,
• 2:51:43
  it's Saudi Telecom, that $175,000,000 just going to hit
• 2:51:47
  the balance sheet by the end of this year, which is ending in
• 2:51:51
  eight days, right. And so there's these other
• 2:51:54
  sources of funding that are coming together.
• 2:51:56
  And, and so I feel pretty good. But, but if they're, you know,
• 2:52:00
  like we've always said, the Bell, he's the ultimate owner
• 2:52:03
  operator. And if he feels the company
• 2:52:07
  needs to raise money, then he also gets diluted along with
• 2:52:10
  everyone else. And, and he he understands that
• 2:52:13
  trade off and will make, I believe the right decision.
• 2:52:16
  Yeah, Yeah, that makes sense. And then and then quickly one of
• 2:52:19
  the question, just, I know they're projecting the 45 to 60
• 2:52:24
  satellites by the end of 2026, which will give them coverage
• 2:52:28
  over the US, Europe, I think Japan and maybe a couple other
• 2:52:31
  places. Have they given guidance on when
• 2:52:35
  they're going to have the full 90, I think is for full capacity
• 2:52:40
  of worldwide connectivity? Do you have any more insight
• 2:52:44
  just on when that will be? They haven't given insight on
• 2:52:48
  that, but I think you should just extrapolate, right?
• 2:52:52
  Like so if we're going to get to 60 by the end of this year, then
• 2:52:56
  to get to 90, if, if production is really humming and they've
• 2:53:00
  got an additional space, production space and you know
• 2:53:04
  they're at that point. If if Blue Origin New Glenn is,
• 2:53:07
  is going up like hotcakes, then then I would assume to get to
• 2:53:11
  90, you're probably looking at maybe middle of second quarter
• 2:53:16
  of the following year or the end of second quarter.
• 2:53:18
  And so and Scott has talked about this idea of, of starting
• 2:53:23
  to launch mid band Bluebirds I think at the end of 2026.
• 2:53:27
  And so they're going to start building some of those too.
• 2:53:31
  And so it's not just a matter of the low band constellation, but
• 2:53:34
  putting up the second shell. So, so, yeah, I mean, what we'll
• 2:53:38
  we'll obviously have to see, but before thinking about that, I
• 2:53:42
  think we should just focus on getting the the 45 to 60 up
• 2:53:45
  first, which is clearly what the company's trying to do.
• 2:53:48
  So yeah, yeah, I would agree. Well, thank you guys so much.
• 2:53:52
  I really appreciate everything you guys have done for the
• 2:53:54
  stock. Yeah, thanks for coming up.
• 2:53:59
  Hey, Tanner's here. What's up, Tanner?
• 2:54:03
  Hey, hey, guys. How are you doing tonight?
• 2:54:06
  Good. Where are you?
• 2:54:07
  We, well, I'm in, in California with a couple buddies that been
• 2:54:13
  invested from the the start and we decided we got approval from
• 2:54:17
  our wives. We're going to the casino, but
• 2:54:20
  we're, we're on our way. So we figured, hey, let's jump
• 2:54:23
  in and say say hi to everyone you know?
• 2:54:26
  What are you guys in the car? Hi.
• 2:54:29
  But no, just wanted to say hey to to Kat and and then pan and.
• 2:54:33
  You know, we we were. It's been what, a five year
• 2:54:36
  journey at this point or so. Yeah, man, it's you know, we, we
• 2:54:41
  thought it would be a a bit sooner, but it's, it's nice that
• 2:54:44
  it's finally, finally happened. So it, you know, and it will
• 2:54:48
  have another one here in a month And man, it's, it's a good
• 2:54:51
  feeling for sure. How you guys feeling?
• 2:54:55
  Great. Yeah, it's, I will say I, I do
• 2:54:59
  an annual guys trip to Vegas, but I had missed it for several
• 2:55:02
  years and then I, I finally decided to go back because there
• 2:55:06
  was things to celebrate this past May.
• 2:55:09
  And so it was fun sharing the story makes tea with with some
• 2:55:13
  of the guys. And, but, but I will say, like
• 2:55:15
  going to Vegas or just going on vacation after being a shoulder
• 2:55:20
  and, and coming out the other side.
• 2:55:23
  I don't know, it just gives you an extra hop in your step and a
• 2:55:25
  new meeting when you take time off.
• 2:55:28
  Yeah, for sure. No, it's been it's it's been a
• 2:55:31
  fun, fun journey with these guys.
• 2:55:33
  It's it's funny, one of one of the guys, he's actually moving
• 2:55:35
  to Midland. So we'll see if we can't, oh
• 2:55:37
  really can't work that work an angle there, you know, but do
• 2:55:42
  you? Want to apply for a janitor job?
• 2:55:44
  Yeah, yeah, he he, he might. Or his, you know, maybe one of
• 2:55:48
  his his children at two years old will apply for a janitor job
• 2:55:51
  or something. I think.
• 2:55:53
  I think they need people with small hands to build some of the
• 2:55:57
  microns. Some children underage
• 2:56:00
  employees. Yeah, no, no, I mean it's, it's
• 2:56:04
  just you know, I I tweeted it earlier and I think you guys
• 2:56:08
  probably feel the same. You know, it was one thing to
• 2:56:10
  see this launch tonight and and successful is great, but like
• 2:56:14
  the bigger deal is, you know, this is the start of, like you
• 2:56:17
  said, the 45 to 60 and there's another one here soon.
• 2:56:22
  And it it's just it's it's it's cool and it's it's great for
• 2:56:26
  that that the whole team right AST and and all of us.
• 2:56:31
  Yeah, totally. By the way, for everyone who's
• 2:56:34
  listening, who doesn't, who don't know Tanner, everyone
• 2:56:37
  should follow Tanner. Tanner is actually a key
• 2:56:40
  contributor to the space mob. He, he does a lot of really
• 2:56:44
  detailed due diligence and he's a great guy.
• 2:56:47
  And he he comes from a oil and gas background and he's been
• 2:56:51
  able to apply his skills to a tremendous amount of like
• 2:56:55
  sleuthing work, which has been very valuable.
• 2:56:58
  Yeah, it's, it's, it's interesting actually from the
• 2:57:00
  oil and gas standpoint. So I actually, I actually work
• 2:57:02
  in a, a field and we have, I, I think I've mentioned this before
• 2:57:06
  to some folks, but we have 15,000 wells or so and each well
• 2:57:09
  cost like 10 grand to hook up to data, data services.
• 2:57:16
  And so, you know, if you can put a simple 5G cell chip verse
• 2:57:21
  putting up a mast with RF coms, you know, it saves a lot of
• 2:57:25
  money. And then not only that, but
• 2:57:27
  there's a field out on the coast of California and Ventura that
• 2:57:32
  half the field doesn't have any cell service.
• 2:57:34
  And so when I did jobs, they had to drive 10/15/20 minutes up to
• 2:57:41
  the top of a hill to get cell service.
• 2:57:44
  And so there's some applicability for, for us to, to
• 2:57:51
  utilize here someday in the future for sure.
• 2:57:54
  So, so definitely, definitely feel it in that regard as well.
• 2:57:59
  But no, the, I guess the only other thing I was going to say
• 2:58:02
  is just excited to see everyone again here, here hopefully in a,
• 2:58:06
  a month or two. Last time was fantastic.
• 2:58:09
  And tonight it really, really hit home.
• 2:58:11
  You know how excited we are to, to get that again.
• 2:58:14
  Even my wife, some of you met my wife at the launch and she, she
• 2:58:17
  had no idea what she was getting herself into.
• 2:58:21
  She for, for some of you, you may know this, others you may
• 2:58:25
  not. I I invested all of her
• 2:58:28
  retirement accounts into ASC and it went down like 5060%.
• 2:58:34
  And it was, she didn't know, which was great for me, but
• 2:58:39
  because I never told her and she didn't log in, but it was a bit
• 2:58:43
  nerve wracking. Now it feels great.
• 2:58:45
  Now it feels great. But she, when we went to the
• 2:58:47
  launch, she had no idea how much we we had invested.
• 2:58:51
  And I didn't tell her up until recently.
• 2:58:52
  So it's a, it's been fun, but, but tonight she watched the
• 2:58:56
  launch with me and my buddies and, and she was excited and
• 2:59:00
  ready to go to another one. So that was that was kind of
• 2:59:02
  cool because it's a. Let's be honest, it's a bit of a
• 2:59:05
  nerdy thing to to see, but yeah, it's a it's a fun and fun story
• 2:59:10
  for us. Yeah, I guess that's a reminder
• 2:59:14
  that, you know, there, there will be additional launches in,
• 2:59:19
  in Cape Canaveral And so, well, you know, I'll definitely be
• 2:59:22
  there. I'll see many of you there and
• 2:59:25
  it's OK. Like if you miss one, there's
• 2:59:27
  going to be so many more to go to.
• 2:59:30
  And I think one of the questions that I had was whether or not
• 2:59:34
  the Blue Origin New Glen launches will be capacity
• 2:59:37
  constrained in terms of attendance attendees.
• 2:59:40
  And I think that's probably going to be the case because I
• 2:59:43
  think on a Falcon 9, it's not as if people from from SpaceX want
• 2:59:48
  to show up and, and watch launch.
• 2:59:49
  But I'm assuming for the Blue Origin ones, there's probably
• 2:59:52
  going to be Blue Origin guests there as well.
• 2:59:55
  So there may not be as much room for AC space mobile folks.
• 2:59:59
  So. I think in the coming months
• 3:00:01
  when the company has to make decisions of who it can buy,
• 3:00:04
  invite, be kind, because there's just going to be so many of
• 3:00:08
  these things to go to. And so, and I, I would
• 3:00:12
  recommend, you know, making a trip out of it.
• 3:00:14
  Like if you have kids, go down to Disney World and Universal
• 3:00:17
  and and definitely visit the museum down there.
• 3:00:20
  But but yeah, it's a great time because I think I I haven't met
• 3:00:23
  a single person in the space mob or, you know, an investor in AST
• 3:00:27
  space mobile who hasn't been a really kind and and, you know,
• 3:00:31
  fun person. And the last time, the the last
• 3:00:35
  two trips that I've been, I've went to they they've just been a
• 3:00:38
  ton of fun. So, so yeah, it's great, but it
• 3:00:44
  let me see. Let's bring up Thomas.
• 3:00:47
  Are you there? Yeah.
• 3:00:49
  What's up? What's up?
• 3:00:50
  Thanks for thanks for having me. How's it going?
• 3:00:53
  It's awesome. It's good to good to chat with
• 3:00:55
  you, man. I'm always appreciating the due
• 3:00:57
  diligence, the. What are spaces from yourself?
• 3:01:00
  Wait a second, are you the guy who took a picture of the bell?
• 3:01:03
  Yeah, yeah. I'm looking I'm looking dude,
• 3:01:07
  that was I got into this stock October, early October when they
• 3:01:12
  announced the Bluebird 6 like being shipped out.
• 3:01:16
  That's when I went all in at like 53 dollars or something and
• 3:01:21
  then it was very quickly like a spiral down into fuck.
• 3:01:24
  I got to learn more about this company and everything else and,
• 3:01:28
  and then eventually I ran into him.
• 3:01:30
  It's the craziest thing I've ever done.
• 3:01:31
  I went, so wait, you guys tell us a story Like how did you run
• 3:01:35
  into a bell randomly? It sounds like it was.
• 3:01:38
  Did you stalk the guy? Like didn't put a tracker on his
• 3:01:41
  car, Nothing like that. So I was, I was, I'm like, I
• 3:01:46
  live sort of nearby Midland. I was taking a flight to Dallas
• 3:01:49
  and I was like, hey, you know what?
• 3:01:50
  Let me just stop by Midland. Let me pop by check it out, make
• 3:01:53
  sure it's real, right? So I go there I, I drive in like
• 3:01:57
  around the building and I'm like, oh cool, it's real.
• 3:01:59
  It's, you know, not like a like a hologram.
• 3:02:02
  So. I'm coming in.
• 3:02:05
  Fight, there's not much going on there and then.
• 3:02:07
  I see a bald guy I kind of feel like could.
• 3:02:09
  It be Scott. Nah, it's not Scott.
• 3:02:11
  It's not Scott. So I just like drive off.
• 3:02:13
  Then I go to the second side and I actually miss.
• 3:02:15
  My like turn in. To to whatever which Rd.
• 3:02:19
  I was going to. So I miss that.
• 3:02:20
  And I'm like, fuck, I got to go all the way around.
• 3:02:22
  So I circle all the way around. I go back.
• 3:02:24
  Eventually find it. Get to the.
• 3:02:26
  Second sign, I'm kind of just hanging out listening to music.
• 3:02:29
  I'm just like chatting with the security guard and I'm about to
• 3:02:32
  leave and like right as I'm about to leave.
• 3:02:35
  I kind of noticed this truck. Pull up and I'm like I only see
• 3:02:38
  the guy's side profile but like. You know I've I've seen so many
• 3:02:42
  memes of a bell, right? Just on Twitter.
• 3:02:46
  Oh my God. So I'm like, yeah, I kind of is,
• 3:02:49
  is. Could be is Could this be?
• 3:02:50
  Our guy, it could be our guy. And I'm like, yeah, I think it
• 3:02:53
  could be at this point, I'm like, dude, I don't want to be a
• 3:02:55
  crazy fucking fanatic like, hey, Abel, big fan, you know, love
• 3:02:59
  your company, love this, you know, yeah, but you got to screw
• 3:03:03
  your shot. Yeah, exactly.
• 3:03:04
  I'm like, dude, that's. Gonna go on space.
• 3:03:08
  Somebody's now or never. So I I like step out of the car.
• 3:03:11
  I kind of like wave. He like, rolls the window down
• 3:03:14
  and I'm like, I think the first thing I said was like, hey, can
• 3:03:17
  I talk to you for 30 seconds or something?
• 3:03:19
  He's like, and he pointed. He's like, he's kind of has to
• 3:03:21
  go in. And I'm like, OK, well, hey, big
• 3:03:24
  fan, love your work. And I said some fangirly shit
• 3:03:26
  like that. But he was super suite.
• 3:03:28
  We had like a like a small chat afterwards.
• 3:03:32
  Yeah. And then I got it.
• 3:03:34
  Man, if you, if you've ever and ampan can speak to this or
• 3:03:37
  someone, many people can if you've ever met him and at
• 3:03:42
  launch the block 1 super down to earth.
• 3:03:47
  And relax and and and friendly, I mean, just a a real genuine
• 3:03:51
  guy. Yeah, that's what I picked up
• 3:03:53
  from the 15 second interaction I had with him.
• 3:03:57
  We shook hands and I let him go inside and I was like, I was
• 3:04:00
  smiling ear to ear. I was texting all of my friends
• 3:04:03
  and just just on cloud 9. Anyway, such a cool story.
• 3:04:08
  Yeah, he's he's when they talk about Aura aura farming.
• 3:04:12
  He's, he's got aura. Like I remember I, I met with
• 3:04:16
  him at a hotel here in New York in 2023.
• 3:04:21
  He was here for some conference. And so I was able to speak with
• 3:04:25
  him for about an hour. And yeah, he's just a really
• 3:04:28
  nice guy, super approachable and like bit, bit determined,
• 3:04:33
  motivated, like very nice. But you can tell like the guy's
• 3:04:36
  a killer, killer in a sense of, you know, he's, he's all about
• 3:04:40
  execution. And like, I'm sure he's a sweet
• 3:04:43
  guy to someone like me. But then when you're working
• 3:04:46
  with him, he, he demands like the highest level of, of
• 3:04:49
  excellence, right. And what was cool was I remember
• 3:04:52
  asking him questions about funding and, and, you know,
• 3:04:56
  execution. And he was just like 100% sure
• 3:04:59
  of himself. He was like, oh, yeah, it's
• 3:05:00
  going to happen. Like, don't worry, you know,
• 3:05:03
  funding is not an issue. We're going to have this, we're
• 3:05:05
  going to do this. And and you can tell like the
• 3:05:08
  guy, he's, he's the type of person where he's not worried
• 3:05:12
  about minutia. He's he's all about execution.
• 3:05:15
  Like it's going to happen, right.
• 3:05:16
  And so that's the type of person you want in the, the CEO seat,
• 3:05:21
  someone who can lead and, and instills confidence and believes
• 3:05:26
  in what he's doing. And so, so yeah, that's a really
• 3:05:28
  cool, cool story. Cool picture too.
• 3:05:33
  Thanks. Yeah.
• 3:05:35
  Yeah, great, great picture. I was, I was just surprised that
• 3:05:38
  he was wearing, you know, like a a store T-shirt from the store.
• 3:05:43
  I thought that was interesting to see.
• 3:05:46
  He's got that Jensen Huang black leather jacket look too.
• 3:05:53
  I think that's that's super cool and relatable and I it's it's
• 3:05:57
  cool in the picture like he he seems super happy to meet him.
• 3:06:00
  And I think I just told you about Aceo.
• 3:06:02
  He likes people there are following the mission.
• 3:06:05
  But on that note, and and I'm probably going to hop off.
• 3:06:07
  I'm going to stay in the spaces, but I won't be able to talk.
• 3:06:09
  So I'm going to head to bed, but I will listen in.
• 3:06:11
  It was it was great hosting this launch party with you and I
• 3:06:15
  appreciate. It but yeah, no thanks.
• 3:06:16
  Thanks for setting it up and and hooking up YouTube.
• 3:06:19
  I know that's that must have been a real pain.
• 3:06:22
  Actually, I think I think it's probably a good time to to end
• 3:06:24
  it now because I've got to get to bed too.
• 3:06:26
  Yeah, I just looked at the clock and I'm like, I'm like, we could
• 3:06:29
  go all night. But yeah, tomorrow's Christmas.
• 3:06:33
  Yeah, everyone. Fish ways Christmas Eve in New
• 3:06:36
  York and it's a great way to kind of spend it with the and
• 3:06:40
  spend the holidays with a nice Bluebird launch and another on
• 3:06:42
  the way. Yeah, what a great Christmas
• 3:06:45
  present. Happy holidays, everyone, and
• 3:06:47
  thanks for joining. And yeah, we'll see.
• 3:06:50
  I mean, I guess the market's open for half day tomorrow,
• 3:06:52
  which is nice. But but yeah, I just, I just
• 3:06:56
  tweeted out that Bloomberg just wrote an article headline.
• 3:07:00
  The headline of this article is AST Space Mobile launch's
• 3:07:03
  biggest satellite to challenge SpaceX.
• 3:07:04
  Let's go. Man, I love that.
• 3:07:06
  That's a huge job. Everyone shared recently.
• 3:07:08
  Could get. Yeah, everyone to go share it.
• 3:07:13
  And I, I will say there's been quite a few Spaceball members
• 3:07:17
  actually speaking with this journalist.
• 3:07:19
  And so we might get an article at some point in the new year
• 3:07:23
  just specifically about Space Bob.
• 3:07:24
  So something else to look forward to.
• 3:07:26
  Got a word? As always, yeah, thanks.
• 3:07:29
  Thanks everyone for joining and appreciate everyone who came up
• 3:07:33
  and shared and thanks AC space mob for hosting and doing a
• 3:07:39
  great job. Thanks, Katzie.
• 3:07:41
  And yeah, let's, let's, let's see what tomorrow brings and
• 3:07:45
  what, what an exciting day. I'm going to probably the reason
• 3:07:48
  why I wanted to get off too is I want to watch the the broadcast
• 3:07:51
  again and just go to bed. Everyone, thanks for joining and
• 3:07:56
  we'll catch up again soon. What's what's in the what's the
• 3:07:59
  end the year strong? You guys have a good one.
• 3:08:01
  See you space mob. See.
• 3:08:03
  You later. Goodnight.
• 3:08:06
  Thanks for listening to the AST Space Mobile podcast.
• 3:08:09
  If you enjoyed this episode and you'd like to help support the
• 3:08:12
  podcast, please share it with others, post about it on social
• 3:08:15
  media or leave a rating and review.
• 3:08:18
  To catch all the latest news about AST Space Mobile, make
• 3:08:22
  sure to subscribe. Thanks again and I'll see you
• 3:08:24
  next time. We're doing something very, very
• 3:08:30
  big and acting with this technology, we can really affect
• 3:08:33
  billion. Lives.
• 3:08:34
  AFP Space globally is the only company that has full.
• 3:08:38
  Technology to deliver several broadband connectivity directly
• 3:08:42
  from space. To be everyday smart, people
• 3:08:45
  will just basically turn their phone and be seamless,
• 3:08:48
  regardless of where you are. We don't want the user even to
• 3:08:51
  know that it's connected by satellite our.
• 3:08:54
  Role. Is to bring this into reality
• 3:08:57
  always in partnership with the Animal.
• 3:09:11
  Listen, Waffles.