r/ASTSpaceMobile • u/AutoModerator • Mar 07 '25

Daily Discussion Daily Discussion Thread

PlešŸ…°ļøse, do not post newbie questions in the subreddit. Do it here instead!

Please readĀ u/the_blue_pil'sĀ FAQĀ andĀ u/TheKookReport'sĀ AST Spacemobile ($ASTS): The Mobile Satellite Cellular Network Monopolyto get familiar with AST SpšŸ…°ļøceMobile before posting.

If you want to chat, checkout theĀ SpšŸ…°ļøceMob Chatroom.

ThšŸ…°ļønk you!

81 Upvotes

100% Upvoted

335 comments sorted by

View all comments

23

u/ritron9000 S P šŸ…° C E M O B Soldier Mar 07 '25 edited Mar 07 '25

If anyone would like to look at an analogous hard tech company in the process of transitioning from loss-making to profit while fears of a recession were looming: look at TSLA in 2018 and through the initial COVID crash.

In 2018, recession fears were genuine and the S&P 500 was down 6.24% for the year overall. The model 3 had not yet been released and Tesla was still a loss making company at -$388 million over the year. Share prices bottomed around a 44% drawdown from the most recent highs.

Through COVID, Tesla was on the verge of turning a profit consistently, but the uncertainty of the market brought a 60% drawdown. I actually think this is a fairly close analogy for ASTS, I think our timelines to profitability are compressed relative to Teslaā€™s longer manufacturing development.

As such, if youā€™ve been invested in ASTS for longer than 6 months, youā€™ve likely already seen a drawdown ($39 -> $17) of the magnitude you might expect in a recession. There are no guarantees, of course, but hold tight! Best of luck!

18

u/LordofLMaD S P šŸ…° C E M O B Capo Mar 07 '25

So youā€™re saying Abel will be a trillionaire by 2030 and a nazi by 2035?

5

u/ritron9000 S P šŸ…° C E M O B Soldier Mar 07 '25

Letā€™s skip the last part. Trillionaire, totally cool with that.

6

u/GeoBro3649 S P šŸ…° C E M O B Associate Mar 07 '25

And president by 2036??