AST SpaceMobile is developing a satellite network to provide mobile broadband services globally.
Multiple satellite providers, tiny addressable market for premium connectivity. Revenue-share deals (Verizon charges $10-20/mo, keeps $10, AST bears all capex). Satellites burn up in 3-5 years requiring perpetual replacement. Reminds of Plug Power collapse. Telecom is brutally hard for #2/#3 players.