AST SpaceMobile and ASTS investors are closely watching the fallout from the recent William Blair conference. Anpanman breaks down the critical updates shared by Scott Wisniewski regarding the 3-6 month commercial service delay and the massive regulatory win involving Brazil spectrum approval. This episode explores how the company is managing its launch manifest amidst challenges in the broader space industry. Anpanman provides a comprehensive deep dive into the recent William Blair conference notes. The discussion focuses on the estimated timeline shift for commercial service following the Blue Origin mishap and how AST SpaceMobile plans to solve the launch Rubik&#x27;s cube using existing SpaceX and ULA capacity. The episode also highlights the significance of the 10x10 MHz spectrum allocation in Brazil, a major milestone for the company&#x27;s global D2D ambitions. Beyond technical updates, the conversation explores the intricate power dynamics of Wall Street. Anpanman explains why institutional investors often gain access to material information before the general public and how the SpaceMob community can stay ahead of the curve. Insights include the mechanics of Reg FD, the importance of analyst models, and why the company might be waiting for the right moment to provide official guidance via an 8-K filing. Finally, the episode looks ahead to the SpaceX IPO roadshow and its potential to re-rate the entire space sector. Anpanman discusses the valuation psychology of IPOs and how a successful SpaceX offering could provide a significant tailwind for AST SpaceMobile stock. With major carriers like AT&amp;T, Verizon, and T-Mobile fully committed to the AST SpaceMobile platform to combat Starlink&#x27;s competitive threat, the long-term investing thesis remains robust despite near-term launch pad setbacks.

AST SpaceMobile - How the SpaceX IPO Valuation Impacts the Space Sector

AST SpaceMobile Podcast

# Full Transcript

**Podcast:** AST SpaceMobile Podcast

## Transcript

We just basically come from being seamless. Regardless of where you are, we don't want the user even to know that it's connected by satellite. Listen, the opportunity that we have is very, very, very large. Hey everyone, I wanted to fire a quick space up and talk about this William Blair note. There's been a number of people asking about it and also making some comments as well. And so I just wanted to clarify a few things.

So, for those that don't know, Scott Wazewski was at this William Blair conference. You have to be a William Blair client. And so that means either a high net worth individual or an institution that's paying William Blair commissions to attend this conference.

And so it is a smaller forum. Sometimes there will be webcasts of these things, but it really depends on the investment bank whether or not they will webcast it or they just keep it private to their clients. So, Scott was at this conference and then was asked very directly what the Blue Origin launch, you know, failure, the failure of New Glenn, what that would do in terms of timing impact for the commercial service launch.

And so he reiterated that there will be a handful of launches over the remainder of the year. And then that's, you know, aside from Blue Origin. And then he said that he estimated, and this is just me quoting this report, but that there could be a three to six month delay for commercial service, which makes sense.

And it's something that I think all of us have come to terms with, which, you know, if you have one of your primary vehicles out of commission for the next six months, possibly seven, eight months, then your commercial service launch is going to be delayed.

But, you know, here he talks about how commercial service will likely be activated in the first half of 2027 and beta is expected to start at the end of this year. Beta, for those that don't know, you know, that would probably need anywhere between 20 to 25 satellites. Right. And so the other thing that was mentioned in this note is that AST did receive approval from Brazil for 10 by 10 megahertz spectrum usage.

And so that's a big piece of news, which I didn't, you know, publish, but that's pretty big because we have an allocation of dedicated spectrum. And now we're going to be able to use it, utilize that in Brazil. But going back to this note, there were a number of people on Twitter that were lamenting the fact that, you know, the company didn't update guidance and they're disclosing this selectively at a conference. I think it's important to take a step back and understand like how the street works.

OK, so oftentimes companies will get asked questions at these investor conferences. And part of Reg FD is that there is this like aspect of Reg FD. Reg FD is this regulation where, you know, all information should be disseminated to the market and people shouldn't get to selective disclosures. But there's wrin...

AST SpaceMobile - How the SpaceX IPO Valuation Impacts the Space Sector

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

AST SpaceMobile - How the SpaceX IPO Valuation Impacts the Space Sector

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.