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AST SpaceMobile and TELUS Corporation have agreed to roll out space based cellular broadband across Canada, targeting remote and underserved regions.
TELUS will also become an equity partner in AST SpaceMobile, aligning financial interests with the network rollout.
Alphabet has previously invested via convertible notes, and AST SpaceMobile is involved in U.S. government contracts, including with the Space Development Agency.
For investors watching NasdaqGS:ASTS, this new agreement with TELUS comes as the stock trades at $89.475, with a 1 year return of 167.9%. The company also shows very large 3 year and 5 year returns, alongside a 7.2% gain year to date and a 13.0% move over the past week, set against a 13.6% decline over the past month.
The TELUS partnership, Alphabet’s early backing and U.S. government contracts collectively point to growing commercial and institutional interest in AST SpaceMobile’s approach to space based cellular service. As the Canada rollout develops and government projects advance, investors will be watching how these relationships translate into execution milestones and future funding or partnership opportunities.
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2 things going right for AST SpaceMobile that this headline doesn’t cover.
⚖️ Price vs Analyst Target: AST SpaceMobile trades at US$89.48 versus a consensus target of US$88.53, which is within 1% of the analyst view.
✅ Simply Wall St Valuation: The shares are assessed as trading about 32.7% below estimated fair value.
❌ Recent Momentum: The 30 day return is about a 13.6% decline.
There is only one way to know the right time to buy, sell or hold AST SpaceMobile. Head to Simply Wall St’s company report for the latest analysis of AST SpaceMobile’s Fair Value.
📊 The TELUS partnership, Alphabet’s backing and U.S. government work all support AST SpaceMobile’s push to commercialize space based cellular service at scale.
📊 Watch how Canadian rollout milestones, contract wins, revenue of US$70.9m and ongoing losses of US$341.9m evolve against the current P/E of about 76 on a loss making base.
⚠️ Shares have been highly volatile over the past 3 months and existing holders have experienced dilution, so position sizing and risk tolerance are important.
