Kevin Chen @Defiantclient2

🚨🚨 $ASTS WEEK IN REVIEW🚨🚨 Blue Origin picks up the shovel and gets to work while $ASTS continues to solidify its moats. That, and more, on this week's Weekly…

Australia is in the process of establishing a Universal Outdoor Mobile Obligation (UOMO) which will "require major mobile network operators, Telstra, Optus and TPG Telecom (and any other providers designated in the future) to provide outdoor baseline mobile coverage across Australia on an equitable basis. This reform will benefit all Australians and in particular remote and regional communities, by expanding baseline mobile coverage, which will in turn, improve public safety by enabling connectivity to essential services and Triple Zero." The idea that the TAM is small is a terrible take from the $ASTS bears. NTN will be codified in to 6G, but before that occurs (and all cell phones eventually upgraded to 6G), things like the UOMO will contribute to the eventual 100% uptake of NTN on cellular plans. Australia, more than other countries, is well served by a universal coverage requirement given its overall size and low population density. However, I think that Connectivity continues as a political issue in Countries across the world. More than fiber/FSS, direct to device connectivity democratizes access in low/medium SES countries, where this could be legislated in to a requirement. The Australian UOMO would require "baseline mobile services— voice services and short message services (SMS)—where previously such services were not commercially viable." "The committee notes that the delivery of this obligation is technology neutral, but submitters did indicate that it is only likely to be deliverable if D2D and LEOSat technology is available." Which d2d provider will the MNOs pick if D2D is essentially legislated? Well, we already see that AST quotes 60 MNO partners to Starlinks 30. We have also seen that Tmobile is making moves to dissolve their partnership. And finally, Duetsche telecom (Tmobile parent) only committed to using Starlink Mobile over the 2GHz MSS spectrum, which appears in doubt with the release of European Commission's new authorisation proposal for mobile satellite services for the "EU's resilience and competitiveness." AST Spacemobile is built from the start to mirror terrestrial cellular network with overlapping shells of lowband, midband, and c band. But equally important is the mutualistic business model to Starlinks thinly veiled customer grab. H/T @DaMadMonk_ aph.gov.au/Parliamentary_…

Elon is right to have this as his strategy, as a general princple. But it puts him at odds with the partners he needs to have a D2C offering. This is an unfixable conflict. There is a reason the $ASTS carrier-neutral approach is set to sweep the market.

Had a conversation with someone at my company who was a senior tech leader at @SpaceX . Has worked closely with Elon, a real smart guy. When I brought up $ASTS he had never heard of it. His response was basically - @SpaceX will have more satellites and they'll figure it out. That reaction is exactly the problem. And I think a lot of people watching the roadshow this week have the same confusion. So let me break it down again for anyone interested in $SPCX @Starlink and $ASTS are not in the same business. Starlink is a broadband internet service. Dish on your roof. $120/month. Competes with Comcast and fiber. 10,400 satellites in orbit. V3 coming with 1 Tbps per satellite - monster specs. This is what the IPO is really about and SpaceX is crushing it here. No debate. Starlink Mobile is their D2D add-on. 650 satellites. Currently texting and basic data on T-Mobile's band. 3-7 Mbps outdoors. Their V2 D2D satellites promising 150 Mbps haven't launched yet. Their owned 65 MHz mid-band spectrum - current phones don't support it. Commercial launch mid-2027 at the earliest. $ASTS is carrier broadband from space. 98.9 Mbps already proven. Operates on carrier low-band 700/800 MHz - the same frequencies your phone already uses. Works indoors. No new hardware. No new phone needed. All 3 US carriers formed a JV around it. The part my ex-SpaceX colleague didn't understand - and I think most people watching the roadshow won't either is that more satellites don't solve the spectrum problem. SpaceX has zero low-band spectrum. None. No path to get it. Low-band is what goes through walls, buildings, and cars. That's physics. You don't iterate your way around physics no matter how many satellites you launch. SpaceX will dominate broadband internet from space. That market is theirs. The carrier D2D market - where your existing phone connects to a satellite through your existing carrier on your existing plan - that's where $ASTS leads. And the carriers themselves are telling you this by forming a JV and investing equity. Two different products. Two different markets. Both can win. But only one is a $40B company in a market SpaceX themselves sized at $740B. $ASTS 🛰️

This provides some sense of scale $ASTS

Elon Musk @elonmusk

11 hours ago

This provides some sense of scale

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$QS QuantumScape executive Shahar Noy, General Manager and VP of Data Center, is attending Bloomberg Tech summit in San Francisco on today, June 4th. Noy’s participation is a deliberate strategic move, showcasing QuantumScape’s push into data center and AI power solutions beyond its traditional EV battery focus. This is interesting as the other members of the summit include AI execs / leaders: - Daniela Amodei: President & Co-Founder, Anthropic - Alexandr Wang: Chief AI Officer, $META - Mira Murati: Co-Founder & CEO, Thinking Machines Lab - Hock Tan: President & CEO, $AVGO Broadcom - Asha Sharma (Xbox)

$QS I think QuantumScape is making it very clear that we are going to be hearing big news soon around SSB for data centers and grid storage. @ironmantimholme and @QuantumScapeCo keep posting about the topic. They are doing interviews, showing up at AI/data center events, and getting everyone ready for the reveal. QuantumScape’s Shahar Noy, GM and VP of Data Center, is at the Bloomberg Tech Summit in San Francisco today, where Dario Amodei and major AI, semiconductor, and infrastructure executives are in the room. That is exactly where QS should be if the next leg of the thesis is AI infrastructure, power, storage, grid reliability, and next-generation batteries. Meanwhile, we find out that $TSLA co-founder JB Straubel is also focused on batteries, data centers, and grid energy, not just EVs, and is moving from the QS Board of Directors to the new QS Strategic Advisory Board. His quote says it all: “There is a profound need for next-generation batteries across many different applications, from electric vehicles to AI data centers.” EVs, AI data centers, grid storage, and next-generation battery architecture are all converging here. $QS feels like it is getting very close to telling the market exactly where this is going. Chart shows we are still in a new uptrend which is getting better. Past $10 soon!

ImNotHarsh | 📈💸 @imnotharsh

20 hours ago

$QS QuantumScape executive Shahar Noy, General Manager and VP of Data Center, is attending Bloomberg Tech summit in San Francisco on today, June 4th. Noy’s participation is a deliberate strategic move, showcasing QuantumScape’s push into data center and AI power solutions

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@TheFoxRadar Thanks for the update

Fuel is one of trucking’s biggest costs, and efficiency matters at scale. In Forbes, Chris Urmson shared how the Aurora Driver’s consistency can reduce harsh braking and acceleration that are more common with human drivers. Paired with around-the-clock operation, that can help improve fuel efficiency while helping goods reach their destination faster. Read the full article: bit.ly/4uj4cw1

One week later, incredible progress. It’s a 24/7 operation with a solid path forward to launch this year, helped by a lot of luck. @NASA and @USSpaceForce have both been extremely helpful. This team. Never tell them the odds.

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SPACEX IPO ROADSHOW PRESENTATION SpaceX's IPO deck may be one of the most bullish documents ever written for the D2D industry. The company is telling investors that connectivity is a $1.6T opportunity 🤯 $870B broadband market $740B mobile connectivity market If the biggest space company thinks satellite connectivity is still early, why would AST SpaceMobile holders think otherwise? This is a huge opportunity and one that will reward long term investors! $ASTS $SPCX

$ASTS more confluence here. Demand zone plus between the 38.2% and 50% fib retrace. *NFA

@TravelDeepspace @davill Yes, Blue will rapidly return to flight and be stronger for the journey.

SPACEX IPO ROADSHOW PRESENTATION IS HERE You can check it out via the following link content.spacex.com/cms-assets/ass… Credit to @ToadSomm $ASTS $RKLB $RDW $SPCE $FLY $PL $VOYG $BKSY $YSS $GSAT $SATS $LUNR $IRDM $VSAT $SPCX

@BullRush__ $QS will multiply 10X over the next couple of years and everyone will be asking “how on earth did I miss this?”

$QS Shahar Noy (General Manager & VP Data Center) is executing his first official mission right now (June 3-4) at the highly exclusive Bloomberg Tech Innovators Circle, surrounded by top-tier tech decision-makers. This isn't a coincidence. It's a showcase. QuantumScape is proving they are going after the critical Data Center and AI market, expanding far beyond EVs.

Iv🅰️n Hristov @IvanHri91235556

23 hours ago

$QS This is interesting. Sahar Noy is joining @technology Innovators Circle at 3-4 June. linkedin.com/posts/shaharno…

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Blue Origin seeks to resume New Glenn launches by year’s end spacenews.com/blue-origin-se…

@SpaceInvestor_D 🙌

@disgusting_pleb Good question

$ASTS: AST looking to hire a systems engineer to work on Next-Gen Satellites. Could this be Block 3+ 👀