Could Intuitive Machines Become the Next AST SpaceMobile?
AST SpaceMobile (NASDAQ: ASTS) is one of the market's hottest space-related stocks. It soared 445% this year as the bulls cheered its progress toward launching its first low-Earth orbit (LEO) satellites for lower-band cellular connections.
AST hasn't generated any meaningful revenue yet, but it's expected to finally start making money once it launches its first five Block 1 BlueBird (BB) satellites next month. It's already signed cellular broadband agreements with AT and Verizon this past May, and analysts expect it to generate $4.3 million in revenue this year. By 2026, they expect that figure to soar to $692 million as it expands its network.
Image source: Getty Images.
Source Fool.com
Verizon Communications Inc. Aktie
40,21 €
0,65 %
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