Is AST SpaceMobile a Millionaire-Maker Over The Next Decade?
Key Points
AST’s stock has risen more than fivefold since its market debut.
It could soar higher as it expands its constellation of LEO satellites.
- 10 stocks we like better than AST SpaceMobile ›
AST SpaceMobile (NASDAQ: ASTS), a developer of low Earth orbit (LEO) satellites, went public through a merger with a special purpose acquisition company in April 2021. It's risen more than fivefold since its market debut, but could it deliver millionaire-making gains?
Why did AST's stock soar?
AST's LEO satellites, which are much larger than SpaceX's (NASDAQ: SPCX) Starlink satellites, help telecom companies expand their wireless networks to remote areas. It's launched 13 of its BlueBird satellites so far, and 12 of them are currently in orbit.
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AST aims to expand its constellation to 45 satellites by early 2027, and to more than 248 satellites over the next few years. It's already working with more than 60 carriers worldwide, including AT&T and Verizon, to reach over 3 billion wireless subscribers.
AST's backlog reached $1.3 billion at the end of the second quarter of 2026, which is equivalent to nearly eight times its projected revenue of $169 million for the full year. By 2028, analysts expect its revenue to reach $1.73 billion as more carriers use satellite-based connections.
But with a market cap of $18.7 billion, AST already trades at 11 times its 2028 sales. It could deliver multibagger gains over the next decade as it expands, but it probably won't turn a fresh $10,000 investment into $1 million with a 100-bagger gain. Instead, investors should consider it a volatile -- but promising play -- on the nascent market for LEO satellites.
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Leo Sun has positions in Verizon Communications. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.
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