ASTS
'Rockets are hard': Elon Musk responds to Jeff Bezos' rocket explosion as his own SpaceX glides to a $1.8T IPO
Article Summary
SELL- ASST SpaceMobile (NASDAQ: ASTM) suffered a major rocket explosion on May 28 as Jeff Bezos' Blue Origin New Glenn rocket exploded during a hot-fire test at Cape Canaveral, Florida, causing one of the largest rocket explosions in U.S. history ahead of a launch planned for the following week.
- The explosion was caused by fully fueled engines fully ignited while the vehicle stayed bolted to the launch pad, with Bezos tweeting: Most unfortunate.
- Rockets are hard Musk responded: Ad astra per aspera (through hardships to the stars) as SpaceX prepares for a $1.8T IPO, signaling rare solidarity between two billionaires who have spent a decade trading jabs over space.
- The blast was Blue Origin's second New Glenn setback in roughly six weeks after a failed April 19 launch, with the first-stage booster landing successfully landing successfully on a sea platform but the upper stage malfunctioning and failing to deliver AST SpaceMobile's BlueBird 7 satellite to usable orbit.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1732.1% | 25% | 100.0 ptsExceptional (1732.1%) - Hypergrowth |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 22.6% above | 20% | 0.0 ptsAbove Target (22.6% above) - Target: $87.75 vs Current: $113.41 |
| Gross Margin % ? | -224.3% | 15% | 10.0 ptsRazor-Thin (-224.3%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -15.3% | 15% | 40.0 ptsMild Pullback (-15.3%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ASTS
- AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States.
- The company provides a cellular broadband network in space to be accessible directly by smartphones for commercial use and other applications, as well as for government use.
- Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.
- The company was founded in 2017 and is headquartered in Midland, Texas.