ASTS has the potential to become a 10X+ Stock 🚀

<p>AST SpaceMobile (NASDAQ:<a href="https://investorplace.com/stock-quotes/asts-stock-quote/"><u>ASTS</u></a>) is known for its unique approach to telecom and satellite space. ASTS stock listed on the Nasdaq on april 7th after merging with a SPAC named New Providence, and received $462 million from the proceeds. The company is building the first and only global broadband cellular network in space to operate directly with mobile devices. This will provide connectivity at 5G speeds everywhere on the planet. The company plans &nbsp;to eliminate coverage gaps and enable billions of people globally to stay connected through their mobile phones. This would be a first in the world which is quite impressive.</p> <p>The company is working to provide a global broadband solution that integrates satellite communication with an existing carrier’s basic cellular service. Also, it &nbsp;is important to note that 51% of the global population does not have mobile broadband, there are 5 billion mobile phones moving in and out of coverage, and the mobile services market is around $1 trillion dollars. Needless to say, there is a massive opportunity in the market for ASTS. To resolve this gap issue on connectivity, ASTS recently announced that they have 750 and more patents to address this issue and more importantly have the first mover advantage. Essentially what they are trying to solve here is broadband connectivity to existing mobile phones when out of range of cell towers , and providing &nbsp;affordable broadband services to those living in more remote and rural areas without cellular coverage. And what makes this company even more interesting is that they are the world’s first and only space-based cellular broadband network as I mentioned previously.</p> <p>Looking more particularly in their proprietary technology, they have a long term goal in launching 168 satellites. The company believes however that 110 satellites can achieve global coverage. The first launch phase is expected to commence by the end of 2022 and all launche