Full disclosure, I own $ASTS (smallish position). Completely agree that the retail "mob" on Twitter is as rabid as any group I've witnessed. Short position is huge and agree they're not idiots. Data point of 1, but I disagree with your contention that terrestrial cell phone towers do a good job of blanketing most of the relevant points t…
Full disclosure, I own $ASTS (smallish position). Completely agree that the retail "mob" on Twitter is as rabid as any group I've witnessed. Short position is huge and agree they're not idiots. Data point of 1, but I disagree with your contention that terrestrial cell phone towers do a good job of blanketing most of the relevant points that people need coverage. I live in the suburbs of San Diego county; I can't walk my dogs without losing coverage. Tried both Verizon and ATT. Regularly hike and camp, always losing service. Outside of NYC, dead spots are everywhere. Now imagine my self-driving car needs connectivity, am I supposed to rely on cell towers? In the future people are going to demand a network with belt-and-suspenders service -- and I want one now because when I'm working from Yosemite the last thing my clients want to hear is that I'm on vacation and can't answer their call. Quick second thought, it's not just Verizon and ATT that have thrown themselves behind ASTS, but also Google, Vodafone, Rakuten and many others -- which suggests to me that the experts in the industry don't want to pair themselves with Elon Musk. Which is doubly true for any military applications.
Sounds like a hedge fund manager assuming that everyone in America is a hedge fund manager working in Yosemite and cruising through those dead zones "everywhere outside of NYC".
Full disclosure, I own $ASTS (smallish position). Completely agree that the retail "mob" on Twitter is as rabid as any group I've witnessed. Short position is huge and agree they're not idiots. Data point of 1, but I disagree with your contention that terrestrial cell phone towers do a good job of blanketing most of the relevant points that people need coverage. I live in the suburbs of San Diego county; I can't walk my dogs without losing coverage. Tried both Verizon and ATT. Regularly hike and camp, always losing service. Outside of NYC, dead spots are everywhere. Now imagine my self-driving car needs connectivity, am I supposed to rely on cell towers? In the future people are going to demand a network with belt-and-suspenders service -- and I want one now because when I'm working from Yosemite the last thing my clients want to hear is that I'm on vacation and can't answer their call. Quick second thought, it's not just Verizon and ATT that have thrown themselves behind ASTS, but also Google, Vodafone, Rakuten and many others -- which suggests to me that the experts in the industry don't want to pair themselves with Elon Musk. Which is doubly true for any military applications.
very interesting perspective; gracias
Sounds like a hedge fund manager assuming that everyone in America is a hedge fund manager working in Yosemite and cruising through those dead zones "everywhere outside of NYC".