What smart money is saying about AST SpaceMobile
4 funds in our archive have pitched AST SpaceMobile, most recently Crossroads Capital Investment Partners, LP in June 2026.
AST SpaceMobile, Inc. establishes and operates a satellite-based cellular broadband network designed to connect directly with standard mobile phones. Through its SpaceMobile service, it delivers mobile internet access to individuals in remote or unserved locations that lack traditional terrestrial mobile coverage, whether on land, across oceans, or during air travel. The company is situated in Midland, Texas.
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Position history
Between Q2 2025 and Q3 2026, 5 fund letters reported a position in AST SpaceMobile, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 2 | 0 | 0 | 1 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q4 2025 | 1 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions
- HoldsHennessy Focus FundSeptember 2026
Listed in Hennessy Focus Fund’s reported holdings.
AST SpaceMobile - June 2026
“On AST SpaceMobile, we wrote calls against the position early in the quarter”
AST SpaceMobile - HoldsHennessy Focus FundJune 2026
“In this letter we provide updates on our positions in Applied Materials and AST Space Mobile.”
AST SpaceMobile - March 2026
“AST SpaceMobile (ASTS) contributed 23% of our gains in Q1, continuing to reward patience as the constellation buildout progresses and the market slowly digests the implications of what this company has already demonstrated.”
AST SpaceMobile - HoldsCreek Drive Capital ManagementDecember 2025
“AST SpaceMobile AST SpaceMobile has rerated materially over the past year despite relatively limited changes to the underlying business. Progress has largely taken the form of execution against previously stated milestones, advancing the regulatory framework and continuing to move the technology toward operational readiness, rather than new information that fundamentally alters the long-term opportunity. One outstanding risk that remains on the cusp of resolution is launch execution. While delays were largely anticipated in our internal planning, we have been somewhat surprised by the degree to which the market has extended the benefit of the doubt despite the company not yet having demonstrated full build-and-launch capability. That dynamic is reflective of the current speculative environment, and we have been disciplined in not chasing the stock as sentiment has improved. Looking ahead, the next three to nine months are expected to be particularly active, with launches, satellite unfurling, and commissioning events likely to drive meaningful volatility. We believe this volatility will create opportunities to actively manage the position within the portfolio. AST SpaceMobile currently represents approximately a 3% position.”
AST SpaceMobile
Fund coverage · 4 theses
AST SpaceMobile is transitioning from R&D to operational scale, with FCC approval, expanding manufacturing, multiple carrier partnerships, and government contracts supporting a direct-to-device satellite network.
Read the full thesisAST SpaceMobile is scaling from R&D to commercial operations with a large satellite buildout, strong partner and government traction, and a substantial long-term direct-to-device opportunity.
Read the full thesis- Crossroads CapitalDecember 2025
AST SpaceMobile, Inc. is scaling a validated direct-to-device LEO satellite network with unique technical moats, accelerating launch capacity, blue-chip commercial and government demand, and fresh low-cost capital supporting significant long-term earnings power.
Read the full thesis - Greenhaven Road CapitalJune 2025
AST SpaceMobile is developing a satellite-based cellular network that will provide worldwide broadband coverage directly to unmodified smartphones, with significant opportunities in various markets, including defense and first responders.
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