Is ASTS a good stock to buy? We came across a bullish thesis on AST SpaceMobile, Inc. on r/ValueInvesting by OnTheStreetwithLou. In this article, we will summarize the bulls’ thesis on ASTS. AST SpaceMobile, Inc.’s share was trading at $80.66 as of June 18th.
AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States. ASTS is positioned as a potential long-term beneficiary of the shift from traditional terrestrial wireless infrastructure toward space-based direct-to-cell and broadband connectivity. The thesis argues that conventional cell tower networks are expensive, geographically limited, and capital intensive, requiring ongoing expenditures for land leases, power, maintenance, and repairs, while still failing to provide comprehensive coverage in many regions.
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AST SpaceMobile seeks to address these limitations through a satellite-based network capable of connecting standard mobile devices directly from space, creating a more efficient and scalable global communications platform. The company’s economic proposition is strengthened by the relatively modest cost of building a global satellite constellation compared with the enormous investments required for terrestrial networks.
Management estimates that a constellation capable of global coverage would cost approximately $4.6 billion, while its satellites benefit from higher orbital positioning that may extend operational life through reduced atmospheric drag. The bullish case centers on the belief that telecommunications providers will increasingly view space-based connectivity as a superior complement to, and in some cases substitute for, traditional infrastructure, driving sustained adoption over time.
As the constellation expands and service capabilities improve, AST SpaceMobile could become a foundational layer of future wireless communications infrastructure. From a valuation perspective, the opportunity is viewed as substantial given ASTS’s roughly $34 billion market capitalization compared with a global wireless telecommunications market exceeding $1.1 trillion.
Additional upside stems from industry estimates cited by SpaceX, which identified direct-to-cell and space-enabled connectivity markets totaling more than $1.1 trillion in addressable opportunity. If AST SpaceMobile ultimately captures even 10% of that market, it could generate approximately $110 billion in revenue, implying significant long-term upside and the potential for a substantial rerating of the company’s valuation.
Previously, we covered a bullish thesis on AST SpaceMobile, Inc. (ASTS) by Steve Wagner in May 2025, which highlighted the company’s transition toward commercial deployment, growing satellite network, telecom partnerships, and successful direct-to-device connectivity milestones. ASTS’s stock price has appreciated by approximately 207.39% since our coverage. OnTheStreetwithLou shares a similar view but emphasizes on the larger long-term opportunity in space-based connectivity, arguing that AST SpaceMobile could become a foundational global communications infrastructure provider.
AST SpaceMobile, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held ASTS at the end of the first quarter which was 33 in the previous quarter. While we acknowledge the risk and potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
