AST SpaceMobile (ASTS): analysis in plain words
Is AST SpaceMobile cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
AST SpaceMobile (ASTS) is listed on the Nasdaq and we classify it in aerospace and defence. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against AST SpaceMobile according to those figures, and the questions people ask most about the stock. No buy or sell tips.
AST SpaceMobile (ASTS) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $35.62 | Last price on November 4, 2026 |
| P/E ratio (TTM) | N/A | Price over earnings per share |
| Revenue growth | +2,626.6% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 0.0% | Profit for every 100 of sales |
| Net debt / EBITDA | N/A | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $13.9 billion | What the stock market values it at |
The AST SpaceMobile figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ASTS figure that is not available shows as N/A: we do not estimate it.
How AST SpaceMobile makes money
AST SpaceMobile is deploying a network of BlueBird satellites that connect directly to ordinary phones without special equipment. Its model is to share revenue with carriers such as AT&T, Verizon, Vodafone and Rakuten when their customers use the service. For now revenue is small, coming mainly from US government contracts and equipment sales.
Over the last 12 months, AST SpaceMobile brought in revenue of $115 million. For every 100 it sells, AST SpaceMobile keeps 38.9 after the direct cost of what it sells (gross margin) and -544.6 after all operating costs (operating margin). With 1,126 full-time employees, that is about $102,000 of revenue per employee.
AST SpaceMobile against its sector
To know whether a AST SpaceMobile figure is high or low you have to put it next to similar companies. This table compares AST SpaceMobile with the median of the 12 aerospace and defence companies Fintols covers, with data as of November 4, 2026.
| Figure | AST SpaceMobile | aerospace and defence median |
|---|---|---|
| Revenue growth | +2,626.6% | +14.4% (14) |
| Net margin | 0.0% | 8.2% (14) |
| Dividend yield | 0.00% | 1.17% (14) |
In short, against the typical aerospace and defence company, AST SpaceMobile grows faster, earns a thinner margin and pays a lower dividend yield. By size, AST SpaceMobile ranks number 10 of 10 aerospace and defence companies quoted in USD on Fintols.
The bull case for AST SpaceMobile
These are the strengths in the AST SpaceMobile figures as of November 4, 2026:
- AST SpaceMobile is selling more than a year ago: +2,626.6% in its latest quarter (the typical aerospace and defence company grew +14.4%).
The main risk for AST SpaceMobile
AST SpaceMobile stock sits 73% below its 52-week high ($133.86): the market has cut its expectations, and it is worth understanding why first.
On top of that: aST SpaceMobile stock moves much more than the market: its beta is 2.85, so in a broad sell-off it tends to fall further than the index.
And, like the rest of aerospace and defence, AST SpaceMobile is exposed to production delays and problems, and changes in defence budgets.
Frequently asked questions about AST SpaceMobile
Is it a good time to buy AST SpaceMobile stock?
Fintols does not tell you whether to buy or sell AST SpaceMobile, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, AST SpaceMobile stock trades at $35.62, 73% below its 52-week high ($133.86) and 2% above its low ($34.87). With AST SpaceMobile, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does AST SpaceMobile pay a dividend?
No. As of November 4, 2026, AST SpaceMobile does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying AST SpaceMobile today is counting on the share price rising, not on income.
Is AST SpaceMobile stock expensive?
AST SpaceMobile has no meaningful P/E as of November 4, 2026 because its last 12 months of earnings are negative or close to zero, so that yardstick cannot tell you whether it is expensive. A high P/E alone does not make AST SpaceMobile expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are AST SpaceMobile's competitors?
On Fintols we compare AST SpaceMobile with Rocket Lab, Rheinmetall and Airbus, which are also in aerospace and defence. As of November 4, 2026, Rocket Lab is worth $33.5 billion; Rheinmetall is worth €46.8 billion and trades on a P/E of 39.0; Airbus is worth €157.9 billion and trades on a P/E of 25.7. Each has a side-by-side comparison with AST SpaceMobile below.
AST SpaceMobile competitors
- Rocket Lab (RKLB) analysis · AST SpaceMobile vs Rocket Lab comparison
- Rheinmetall (RHM.DE) analysis · AST SpaceMobile vs Rheinmetall comparison
- Airbus (AIR.PA) analysis · AST SpaceMobile vs Airbus comparison
To understand AST SpaceMobile better
- How to Write an Investment Thesis (Step by Step)
- 7 Common Beginner Investing Mistakes (and How to Avoid Them)
More companies like AST SpaceMobile: aerospace and defence stocks. Open the full ASTS analysis with its valuation and scenarios. Educational content about AST SpaceMobile, not investment advice.