AST SpaceMobile, Inc.
In the published model solve dated 2026-Q2, anchored at $54.20, AST SpaceMobile, Inc. (ASTS) is priced for today's economics sustained for ~40.0 years+. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• The service being priced does not yet run continuously anywhere: the 10-K describes the plan as using the first satellites ⟦"to initiate a limited, noncontinuous SpaceMobile Service in targeted geographical markets, including in the United States."⟧ • The constellation is the entire asset and it is going up fast, with the launch campaign opening on December 23, 2025 and three more spacecraft reaching orbit on June 17, 2026, against a design that runs to more than ninety satellites [Source: FY
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659 institutional managers reported holding ASTS in 13F filings for the quarter ended 2026-03-31. Together they hold about 56% of the company; the top 10 hold 37%. 180 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 62.5M shares were sold short as of the 2026-06-15 count, about 22% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at ASTS over the trailing three years: 2024: 5 buys totaling $130k; 2025: 2 buys totaling $38k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ASTS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-15 | -13.2% | -10.0% |
| 2023-11-15 | +16.5% | -8.2% |
| 2024-04-02 | -30.7% | +331.3% |
| 2024-05-16 | +60.6% | +207.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ASTS's latest 8-K filings: 2026-07-20 (items 1.01, 2.03, 3.02, 8.01, 9.01); 2026-07-15 (items 2.02, 7.01, 8.01, 9.01); 2026-06-15 (items 5.07, 9.01); 2026-05-11 (items 2.02, 7.01, 9.01); 2026-04-20 (items 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.