Just last year, the US Department of Defense launched the military programme ‘Proliferated Low Earth Orbit (PLEO) Satellite-Based Services’. At that time, a budget ceiling of $900 million was set. Recently though, the Pentagon announced that this ceiling will be raised more than tenfold to $13 billion. AST SpaceMobile (NASDAQ: ASTS, WKN: A3CL8W) is part of this program and one of 20 suppliers selected by the Department for cooperation.
With this decision, the US Department of Defense is responding to the increasing demand from the entire US military. The Defense Information Systems Agency (DISA) is responsible for the programme. For AST SpaceMobile, which recently released five new satellites into low-Earth orbit and then deployed them ahead of schedule (Learn more), the massive expansion of the programme is effectively an official endorsement of its business idea by the Department of Defense.
Learn more:
Pentagon increases commercial satellite internet program to $13 bn
For More Goldinvest in English see here.
Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. These contents are exclusively for the information of the readers and do not represent a call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they are in no way a substitute for individual expert investment advice and do not constitute an offer to sell the discussed stock(s) or a solicitation to buy or sell securities. It is expressly not a financial analysis, but a promotional/journalistic text. Readers who make investment decisions or execute transactions on the basis of the information provided here do so exclusively at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities is associated with high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
Pursuant to §34b WpHG and §48f Abs. 5 BörseG (Austria) we point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH may hold shares in AST Space Mobile and therefore a conflict of interest can potentially exist. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time.
With this decision, the US Department of Defense is responding to the increasing demand from the entire US military. The Defense Information Systems Agency (DISA) is responsible for the programme. For AST SpaceMobile, which recently released five new satellites into low-Earth orbit and then deployed them ahead of schedule (Learn more), the massive expansion of the programme is effectively an official endorsement of its business idea by the Department of Defense.
Learn more:
Pentagon increases commercial satellite internet program to $13 bn
For More Goldinvest in English see here.
Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. These contents are exclusively for the information of the readers and do not represent a call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they are in no way a substitute for individual expert investment advice and do not constitute an offer to sell the discussed stock(s) or a solicitation to buy or sell securities. It is expressly not a financial analysis, but a promotional/journalistic text. Readers who make investment decisions or execute transactions on the basis of the information provided here do so exclusively at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities is associated with high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
Pursuant to §34b WpHG and §48f Abs. 5 BörseG (Austria) we point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH may hold shares in AST Space Mobile and therefore a conflict of interest can potentially exist. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time.
