ASTS 4H: space internet or orbital dream?

AST SpaceMobile (ASTS) is consolidating above the $61–69 zone, right near the 0.618 Fibonacci level of its last major rally. On the 4H chart, momentum shows early reversal signs: falling volume on pullbacks, stochastic turning up, and buyers defending local lows. The bullish setup holds as long as price stays above $61, with upside targets at $100 and $135 where the extension projection aligns.

Fundamentally, as of November 2025, ASTS stands out as one of the most promising yet capital-intensive players in the satellite telecom industry. The company completed deployment of its BlueWalker test constellation and is preparing for commercial rollout of direct-to-cell satellite connectivity. Successful phone-to-satellite calls using standard smartphones - validated with AT&T and Vodafone - mark a true technological milestone, positioning ASTS as a potential first-mover in global space-based mobile internet.

Revenue for the first nine months of 2025 reached roughly $55M, almost double last year’s level, but operating losses still exceed $300M due to high manufacturing and launch costs. The company holds about $180M in cash versus ~$260M in debt, continuing to rely on strategic partnerships and funding programs to maintain liquidity. The key upcoming catalyst is the commercial network activation in 2026 in cooperation with AT&T, Vodafone, and Rakuten, which could dramatically change valuation if successful.

With investor attention shifting back to space communications, competition with Starlink and Lynk Global is heating up, but ASTS’s advantage lies in using standard smartphones without extra hardware. Risks remain - high capital needs, launch delays, and dependency on partner timelines - yet the reward potential is extraordinary if execution holds.
Tactically, staying above $61 keeps the bullish structure alive with $100 and $135 as primary targets. A breakdown below $60 would negate the setup.

They’ve already connected phones to space - now let’s see if they can connect revenue to profit.