BigBCarreg

$ASTS I've held $ASTS since the de-SPAC and bought everywhere from $2 to over $100. Now I'm looking hard at the opportunity cost and asking whether my money is in the right place for what's next. I don't think I'm alone. Some of the drop is macro, a soft sector, and fading momentum. But relative to the rest of the sector, we do struggle with communication and dare I say, credibility. Timeline after timeline from earnings calls has slipped: satellites in orbit, commercial service, and the government contract details we were told were coming. Some of this has been out of our control - but communication is always available to management. Management, here's what long-term holders need on the next call: 1️⃣ Production: How many BlueBirds were completed in each of July, August, and September? On what date will Midland hit a sustained 6 per month? Investors need to gauge production process. If we cannot meet 6 per month, then all future financial projections should be called into question. 2️⃣ Launches: Give us the launch-by-launch schedule through mid-2027, with the target month, and the number of satellites on each one. Which are under signed contract, and which are still tentative? 3️⃣ Government: Name the government agreements that are actually signed, their dollar value, and how long they run. Which of the contracts that were touted are still pending, and by what date will they be disclosed? 4️⃣ Capital: In July you raised $1.15B in convertible notes. You said the money would "secure additional access to orbit" and fund "partnerships and/or acquisitions to further vertically integrate" and reduce reliance on third-party launch providers, and you also said there were no agreements yet. Three months later, what launch access has that money actually secured, and what vertical-integration deals have been signed? How much of the $1.15B has been spent, and on what? With over $3.7B in pro forma cash, what's the quarterly burn through 2027, and is another raise coming? In this market we don't need more optimism. We need numbers, dates, and commitments that get met. I believe that the mission of this company is going to change lives, create a ton of value, and is in the end quite noble. I understand space is hard and expensive and timelines can shift. In the last few years I have learned more about spectrum, wavelengths, and regulatory requirements than I ever thought I would. I believe the technology is superior to anything else available and that the first principles approach has been dead on from the beginning. That being said, we are competing in a field with the richest and most successful business men ever to have lived. The odds are certainly stacked against us, and timing here is everything. I think Space growth is going to be a defining shift in the trajectory of humanity akin to the railroad, international shipping, computing, and the internet. This is a huge opportunity that generations after us will wish they had a chance to invest in - but I have to ask whether I have backed the right horse at the right time. I believe I have, but I need more from our leadership at this pivotal moment. Hold tight, Spacemob. 🛰️