TheKOOKReport
Investment Research, AST SpaceMobile, Satellite Connectivity & Spectrum
Ascent Solar could find the market its technology was built for, because space AI needs power. Spun off from Martin Marietta with $500MM of paid-in capital, its tech was aimed at a market that never arrived, much like Aehr's early history. The addressable market is very unclear, and its governance record warrants small sizing; its CEO is an M&A banker, so the plan seems straightforward. x.comÂ
AST SpaceMobile has upside that is in nobody's model yet. Each satellite carries 10 GHz of onboard processing, and management said on the call that AI edge compute, radar and IoT can be built on the architecture already being launched, some of it possibly partner funded, with no incremental capex and integration targeted by year-end. None of it has revenue yet. Beta service, not the backlog, is the next real gate. x.com x.comÂ
Everspin's MRAM rally makes little sense, as the market is not that large and there is no MRAM monopoly. Absent an unknown breakthrough using MTJs for AI, there is no reason for the bid, and the space angle, raised by @ryandonovan23, fails because data centers will never be in space. x.com x.com x.comÂ
Ascent Solar Technologies is a meme penny stock running on pumpers: it made only about $3M last year and has not scaled. The technology is interesting, but the company makes almost no money, which keeps it a super high-risk moonshot. x.com x.com x.comÂ
Ten listed companies span every layer of a space economy projected to nearly triple to $1.8 trillion by 2035. Rocket Lab has a $2.2B backlog, with Neutron its next catalyst and biggest execution bet. Firefly guides to $420-450M and won Golden Dome work. Iridium is the steady cash-flow name. Redwire, Intuitive Machines, Voyager and Planet Labs carry large backlogs, Satellogic hit positive operating cash flow, and Spire's defense pivot is the catalyst to watch. AST SpaceMobile is FCC-approved. … Show more
Ascent Solar no longer earns attention because its CEO keeps building up NDAs and deals on small podcasts and nothing ever materializes. The stock mostly trades with the space basket, so AST SpaceMobile already provides enough space exposure. x.comÂ
