Is AST SpaceMobile Stock a Buy Before Nov. 1?

Core Viewpoint - AST SpaceMobile is preparing to report its third-quarter earnings in early to mid-November, marking a significant moment as it transitions from a proof of concept to operational status with its five newly launched satellites [1][5]. Company Overview - AST SpaceMobile aims to provide broadband and cellular services to remote locations, similar to SpaceX's Starlink, but with the advantage that users only need a regular cellphone and a subscription to access the service [2][3]. - The company has launched five operational satellites, which is a critical step in proving its business model, although it still lags behind Starlink, which has a more established service [3][4]. Financial Expectations - Investors are primarily focused on the operational status of the satellites rather than immediate earnings, as the company is expected to continue incurring losses for the foreseeable future [3][4]. - Management estimates that at least 95 satellites are needed for full service, indicating a significant financial commitment of approximately $1.8 billion to complete the satellite network [4]. Partnerships and Market Position - AST SpaceMobile is collaborating with major telecom carriers like AT&T and Verizon, which may provide a customer base and financial support for its satellite network expansion [5]. - Despite a recent pullback of about 33% from its peak, the company's stock has seen significant gains this year, reflecting initial investor enthusiasm for the satellite launch [5]. Future Outlook - A positive update from AST SpaceMobile is anticipated, focusing on the progress of satellite testing and potential timelines for small-scale service launch, which could reassure long-term investors [6].