Amazon.com Inc.’s satellite internet venture aims to be able to offer service to the US, Canada, France, Germany and the UK by the end of the first quarter of 2026, an executive said. Ricky Freeman, president of government solutions for the Project Kuiper satellite venture, said Amazon expected to have more than 200 satellites in low-Earth orbit by the end of the year. The company has said it expects to begin service by late 2025, though it hasn’t specified which markets will receive coverage or precisely w ...

Core Viewpoint - AST SpaceMobile is poised to disrupt the satellite internet market with a service that connects directly to smartphones, launching in the U.S. in 2025, with significant revenue potential projected in the coming years [2][4][8]. Company Progress - AST SpaceMobile has developed technology to provide satellite internet access directly to devices without the need for bulky terminals, which is a significant advancement over traditional methods [2][3]. - The company currently has six satellites in orbit and plans to increase this number to 45-60 by 2026 to expand its service to additional markets such as Japan, the UK, and Canada [5]. Revenue Potential - The company anticipates generating between $50 million and $75 million in revenue in the latter half of 2025, primarily from commercial contracts and agreements with the U.S. government [4][8]. - If AST SpaceMobile can attract 100 million customers at a revenue-sharing rate of $10 per month, it could potentially generate $12 billion in annual revenue [8]. Financial Strategy - AST SpaceMobile has raised $575 million through a convertible debt offering, providing over $1.5 billion in liquidity for satellite constellation development [10]. - The company has incurred $543 million in capital expenditures over the past year while generating minimal revenue, indicating a high initial investment phase [9]. Market Valuation - The current market capitalization of AST SpaceMobile is approximately $16 billion, with projections suggesting it could exceed $20 billion in the future [12]. - Valuing the stock is complex, as it trades at a high market cap despite being pre-revenue, with potential future earnings power raising concerns about its current price-to-earnings ratio [13][14].