ASTS

AST SpaceMobile (NASDAQ: ASTS) might someday be known as a pioneer of satellite-based connectivity. For now, however, the company is just struggling to stay afloat financially. I am bearish on AST SpaceMobile stock even though I respect the company's ambitious vision. AST SpaceMobile and its starry-eyed investors might have lofty dreams, but harsh reality will sink in if the company can't fund its operations without resorting to massive share printing. Texas-headquartered AST SpaceMobile is trying to do what's never been done before on such a large scale: build a cellular broadband network for mobile phones that's run by satellites in space.
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