Bank: “AST SpaceMobile will be a cash-flow machine”
August 13, 2026
A report from investment bank Clear Street says that AST SpaceMobile is going to be a cash-flow machine over the next 10 years as revenues ramp up to impressive levels.
The bank says that by 2034, AST could be reporting annual revenues of $7 billion (€6.07bn) and enjoying a gross profit margin of 73 per cent – 74 per cent. The analysis follows on from AST’s latest Business Update issued on August 10th.
AST is a would-be satellite operator supplying connectivity to the world’s telcos for ‘out of range’ coverage.
Clear Street’s forecast is for steady growth staring this year – despite AST’s satellite coverage currently being embryonic – with Total estimated revenues of $165 million, and 2027 of $557 million, 2028 of $1.9 billion, 2029 of $3.48 billion, 2030 of $4.27 billion, 2031 of $5 billion, 2032 of $5.76 billion, 2033 of $6.36 billion and 2034 of $6.997 billion.
AST has reportedly “locked in” Europe’s Big Four cellular operators (Orange, Telefonica, Vodafone and reportedly now Deutsche Telekom) as partner terrestrial operators. AST in its Earnings Report earlier this week stated it expects to be working with all the major telecom operators in the US/Europe.
Clear Street is not alone. On August 11th, a report from B.Riley Securities issued a ‘BUY’ recommendation for AST with a share price target of $85 (AST’s current price is about $71). A similar note from Piper-Sandler on August 10th advised clients to consider AST as ‘Overweight’ in the portfolios and with a share price target of $98 (although down from its previous guidance of $100).
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