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这位移民亿万富豪的“网红资产”上天了
3 6 Ke· 2025-05-30 12:18
Core Viewpoint - Abel Avellan aims to provide fast and reliable internet services via satellite networks to billions in developing countries, emphasizing that access to knowledge and information is a human right [1][2]. Company Overview - AST SpaceMobile, founded by Abel Avellan, is competing with SpaceX's Starlink and Jeff Bezos's Project Kuiper to enable direct smartphone connectivity to satellite internet [2][3]. - AST's satellite antennas are significantly larger than those of competitors, allowing for global coverage with only 90 satellites, compared to the thousands required by others [4][9]. Market Opportunity - The primary market opportunity for AST lies in serving over 2.6 billion people in developing countries who currently lack internet access, with a pricing model aimed at being more affordable than Starlink [8][12]. - AST's revenue projections suggest potential earnings of over $370 million by 2026 and exceeding $5 billion by 2030, with lower capital expenditures compared to Starlink [8]. Technical Challenges - Both AST and its competitors face challenges related to satellite communication physics, particularly maintaining line-of-sight for effective communication [9]. - AST's larger antennas facilitate broadband direct connections to mobile devices, which is a significant advantage over Starlink's original design focused on fixed terminals [10]. Competitive Landscape - AST has established partnerships with major telecom operators, allowing it to reach approximately 3 billion users without competing directly in the home satellite internet market [11][12]. - SpaceX views AST as a threat, having criticized it in regulatory filings and highlighting its stock performance, which has seen significant increases since its SPAC listing [14]. Financial Performance - AST's market valuation has surged, with a current market cap of around $8.7 billion, despite limited revenue generation [14]. - The company has attracted substantial investment, including $1.1 billion from major telecom firms and venture capital, positioning it for future growth [12][13].