Yield @Yieldur

The AST SpaceMobile network is taking shape, in orbit and on the ground. Today, over 60 gateways are in various stages of completion, installation and planning worldwide. Initial, intermittent coverage targeted before year-end 2026 in the U.S. and other key markets around the world. A new layer of connectivity, designed to connect directly to the smartphones people already use. 🇺🇸 📶🌎📱 #ASTSpaceMobile #ConnectingtheUnconnected

$ASTS Low IQ take AST is going to zero. High IQ take: In order to be competitive with Starlink Mobile terrestrial light & satellite heavy approach on cost and margin terrestrial heavy MNO players with limited satellite need to become more like Starlink Mobile and rely more on satellite by dynamically serving rural networks from satellite outside of peak traffic hours. Paradox: The more successful Starlink Mobile as a national carrier the more the traditional carriers need AST. Whether they realize this at the moment is still TBD. Time and Elon spooking telco investors will educate them fast! This could realistically 10x by 2030 as this becomes more obvious!

Evan @StockMKTNewz

2 days ago

SPACEX $SPCX WANTS AT LEAST 80,000 CELL TOWER SITES ACROSS THE US It's in talks with at least one major tower company to get there, including Crown Castle $CCI, per Bloomberg. The deals could be worth billions. The goal is to turn SpaceX into a 4th nationwide wireless carrier.

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The market is severely underestimating compute demand over the next 20 to 30 years by at least 1,000x because financial models are treating AI data centers like standard enterprise cloud spending rather than a global utility expansion. Moving from simple chat prompts to continuous, autonomous background reasoning and real time spatial computing will fundamentally break traditional grid connections, pushing total power requirements directly into a terawatt scale footprint. Intelligence will be the largest market in the solar system. The long term bottleneck won't just be semiconductor manufacturing or HBM yields, it will be securing dedicated behind the meter baseload energy like small modular reactors and direct to chip liquid cooling infrastructure to handle the thermal load. Compute is the defining physical infrastructure asset of this century.

A lot of questions this week on funding, so here's how a GPU typically gets funded at $IREN. First, the customer signs a multi-year take-or-pay contract and agrees to a prepayment. On our recent 3-year contracts, prepayments have been 45% to 55% of the associated GPU capex. Second, financing is committed, secured by the contracted GPUs. On the Microsoft contract we secured an A-rated facility at around 6%, which together with prepayments covers 96% of GPU capex. More recently, for a non-investment grade counterparty at Mackenzie, we secured financing at 9% fixed, which together with prepayments covers more than the full cost of the GPUs. That's the GPU side. The data centers are a separate, long-term asset base, and we own the ones our GPUs run in. Construction has been funded from cash to date, with no debt against these multi-billion dollar assets. As they come online with contracted customers, they can support financing in their own right. The processes behind the next facilities are continuing, and new paper will cost what the market charges. With GPU paybacks of around two years on our recent 3-year contracts, a wider spread barely moves the economics. There's more customer demand than we can build for. As we noted at our recent earnings, 2026 is largely sold out, recent 3-year contracts are at more than double the prior year's pricing, and demand for anything we can bring online in 2027 covers it several times over, with prepayments a focus in every negotiation. Conversations on 2028 capacity are already underway. Meanwhile announced capacity keeps slipping across the industry, which is the point: signing deals isn't the bottleneck in this market, bringing GPUs online is, and that's our focus.

A brutal few days across the AI infrastructure sector, and $WULF has been no exception. Financing costs, leverage, capital needs and returns on AI investment are all under scrutiny. We are not sitting on the sidelines. Yesterday, @MorganStanley hosted us in NYC for a full day with >30 investors, spanning long-only funds, global hedge funds, multi-strategy managers and credit investors. It was one of the most valuable days I've spent with investors. Tough questions. Candid conversations. Here's what stood out...

$WULF is NOT a neocloud. $WULF IS an energy infrastructure company. We match long term investment grade energy supply with long term HPC/AI off-take. We finance our projects competitively because our contracts require our customers to be investment grade or bring investment grade credit support. We raised capital last spring opportunistically and maintain a fortress balance sheet. Our team has built large scale energy infrastructure for 25 years. Lake Mariner is delivering CB-4 this quarter and CB -5 in the first quarter ‘27. No surprises coming. We projected a range of 8-10 million per MW. We are squarely in the middle of that range. We are all about execution. Project Justified in Kentucky is a world-class project. We already have the required equity and we have an investment grade backstop committed. We execute and have predictable cash flow. Markets are pretty wild right now but we fervently believe price action will catch up to shareholder value. Demand for our product is robust and real. Certainly we have to remain diligent and execute like there’s no tomorrow. We will. But knowing what we have in the ground, in contract, the investment grade credits behind our contracts and the team’s execution history and capabilities- we sleep at night. You can too.

AST SpaceMobile Advances Space-Based Cellular Broadband in Europe in Collaboration with European Mobile Network Operator Partners businesswire.com/news/home/2026…

$ASTS: 🚨 DEUTSCHE BANK UPGRADES AST SPACEMOBILE TO BUY FROM HOLD WITH $93 PRICE TARGET Upgrading to Buy We are upgrading ASTS to Buy and maintaining our $93 PT. The stock is down ~65% from its all-time high in May. We had downgraded the stock in May after the New Glenn launchpad explosion that introduced a material delay in ASTS' launch plans, combined with valuation concerns. However, we believe now is an opportune time to become more constructive given the recent stock-price weakness, a number of positive developments/catalysts that we think have gone under the radar, and spectrum value that we estimate now comprises all but $10 per share in ASTS' EV. Furthermore, we think the -10% move on Friday was misguided since the 800 MHz spectrum SpaceX will be acquiring doesn't make SpaceX more competitive with ASTS as an MNO partner for D2D, and ASTS isn't targeting direct-to-consumer (for which SpaceX will primarily use the 800 MHz). We see a number of positive developments/catalysts for ASTS in the near term: ➡️ We believe it is increasingly likely that T-Mobile will switch from Starlink to ASTS as its D2D partner (through the JV). Roughly coincident with the timing of the announcement that AT&T, Verizon, and T-Mobile reached a definitive agreement to form a D2D JV on Oct. 1; T-Mobile appears to have removed many (but not all) references to Starlink from its website. Furthermore, SpaceX's efforts to compete with the Big 3 MNOs in mobile continues to antagonize the Big 3 (and shrink their market capitalizations), pushing them even closer to ASTS. SpaceX's announced purchase of 14 MHz of 800 MHz spectrum from Grain Management on October 8 was the latest shot across the bows of the Big 3, leading to a 10-13% decline in their stock prices on Friday (just the latest SpaceX-driven market-cap destruction for the telcos). ➡️ The Space Development Agency (SDA) sent a letter to the National Telecommunications and Information Administration (to be then forwarded to the FCC) in September expressing support for ASTS' request for Temporary Authority to conduct testing of pulsed radiolocation capabilities in the 902–928 MHz band using its in-orbit BlueBird satellites. The letter names ASTS as a subcontractor and stresses the national security importance of testing these capabilities (which appear to be sensing related). We believe this is indicative of continued progress by ASTS in expanding its government contract base, a revenue opportunity that seems to be expanding every day. ➡️ The preliminary selection of ASTS (along with Rakuten) for the Japan LEO project took a step forward when the October 5 Joint Statement on the U.S.-Japan Technology Prosperity Deal specifically "welcomed Japan's Rakuten Group and the U.S.-based AST SpaceMobile cooperation for the development and deployment of Low Earth Orbit (LEO) satellite infrastructure". We view this as a sign that the official J-LEO authorization could be coming soon. If/when approved, it means the Government of Japan will fund up to $1B of capex for ASTS' satellite constellation in exchange for sovereign use and control of a number of satellites while they are able to provide coverage to Japan. This "up to $1B" is not reflected in our current valuation, even though it would represent essentially free capital, significantly improving ASTS' liquidity position. Underlying Spectrum Value Means The Value of The Business Itself Is Highly Discounted ASTS' EV is currently $23B, while we estimate the spectrum rights ASTS has through its long-term lease with Ligado represent $19B in value, implying only a $4B valuation for the rest of the company, or $10 per share. This assumes $1.09 per MHz*POP, equal to the price SpaceX agreed to pay Echostar in that transaction signed in September 2025. We Also See Optionality From Potential Industry Consolidation We believe ASTS could be of significant strategic value to a larger company with LEO and D2D ambitions given its spectrum position, novel satellite architecture, IP/patent portfolio, spectrum rights, MNO partnerships, engineering talent, manufacturing capabilities/facilities, and nascent government business. Launch Is Still A Challenge, But Looks Incrementally Better Today Our view has been for some time that securing launch and putting satellites into orbit is the most critical success factor for ASTS over the next couple years because it would facilitate commercial-service introduction and begin to accelerate revenue growth. It is also important defensively to ensure MNO partners stick with ASTS and the company's government-contract base expands. The launch bottleneck continues to be a challenge. However, Blue Origin seems to be making encouraging progress toward rebuilding the launch pad destroyed earlier this year (potentially launching again before YE), and ASTS is prepared to pay a premium for additional launch from SpaceX and others to help mitigate the impact of less Blue Origin launch availability. Thus, while we continue to have concerns regarding launch availability; (1) we think the picture is incrementally positive relative to a quarter ago given Blue Origin's progress, and (2) we think these other aforementioned catalysts will define the narrative between now and the end of the year, since the industry launch-capacity situation is already fairly well appreciated by the market.

AI Jesus on a roll today

Gavin Baker @GavinSBaker

2 weeks ago

@quantian1 Yes. It is well understood that collapsing marginal prices have never worked out well for technology companies over the last 50 years. Oh wait. During that time they became a majority of market cap while marginal prices collapsed. I’m sure that you are about to be right. Good

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$ASTS Lets focus on this filing for a second as it is import going backwards from what we already know as I think this test is sand bagging it 🧵

🚨🚨 $ASTS WEEK IN REVIEW🚨🚨 Spectrum wars? Apparently. That, and more, on this week's Weekly…

$ASTS This is a good example of the misinformation being spread by Starlink and its senior management and using the X megaphone to amplify their false narrative. Usually it’s borderline, but this time it really is factually incorrect misinformation. Everything is spun like a win, while in reality it’s not. For X it does not matter, the Elon content creators happily promote the narrative for clicks and ad money. Encourage everyone to read the official filings with ANATEL and form your own conclusions. SpaceX bought Echostar 2GHZ spectrum including international rights for $20B, however time and time again it turns out that this money did nothing more then buy an extremely expensive seat at the table. ANATEL refused SpaceX 30x30 mhz claims via filings and instead wanted to promote competition via 10x10 mhz slots divided between Omnispace, SpaceX and AST. Meanwhile SpaceX has been begging ANATEL for 15x15 mhz, because otherwise their inferior constellation could not make it work for broadband. ANATEL was initially hesistant, but after reflection and heavy lobbying from SpaceX figured out Omnispace / Lynk even though it has first priority rights above Starlink it is just a paper sat constellation, so it gave them an additional 5x5 mhz until June 2029 the base 10x10 mhz till feb 2038. In June 2029 it will figure out if Omnispace is real or not and if not it can be granted permanently. However what is underreported is that ANATEL did the same for AST. A base 10x10 mhz until 2038 and 5 mhz additional spectrum So what actually happened is ANATEL GAVE HALF OF SPACEX INTERNATIONAL S-BAND 30x30 MHZ SPECTRUM TO AST SPACEMOBILE IN BRAZIL. Acquisition cost for AST? ZERO! Fun thing this will be a repeatable model for a lot of key markets! AST did not PR this win, Starlink made stuff up and is running with the misinformation narrative. Lesson: don’t rely just on SpaceX megaphone on X for your information of what is really happening in the field. This is also where the alpha is. Novice space investors fall for these narratives. Make sure you don’t make the same mistake!

What really happened after the State Dinner. The lost Xi camera roll has been found.

@StockAnalystPro @AnthropicAI It’s not too late to delete this tweet lol

Breaking news: $ORCL declares "force majeure" payment delays to its developer (a Blue Owl entity) on its massive Project Jupiter data center project. Why: Project Jupiter is in blue-state New Mexico. Multi-agency regulatory opposition and permitting delays for both the data center and the gas pipeline to power it. Me: Even more comfy owning businesses with data center projects that are fully permitted in friendly jurisdictions.

Think being long $HYPE at these levels is still very contrarian and asymmetric risk / reward. So many funds and individuals have reduced sizing or taken profits after having been so early into the trade; but reality is we are going much higher as Hyperliquid is still early in its story for main stream adoption. It doesn't take a genius anymore to tell you Hyperliquid is "the next big thing", but it does take balls to make 10x from here.

hyperliquid:native HITS NEW ATH

No signs of slowing down @TeraWulfInc 🐺🐺🐺 $WULF

Scott @Nogimics

a month ago

TeraWulf CEO @PaulBPrager joined @SullyCNBC on @CNBC @PowerLunch today, discussing $WULF, AI/HPC demand, power and execution. 🐺 Brian: Wall Street’s average price target is just over $35, while $WULF is around $16.40. What are investors missing? Paul: “If you just take a look

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Goldman's CommTech conference, San Francisco. 48 hours of @IREN_Ltd investor meetings, and the mood has shifted meaningfully. Key takeaways:

AI bears in shambles

tae kim @firstadopter

2 months ago

Sam Altman just said on Bloomberg TV: Astra has been done training for awhile. The model they recently paused was a "future model"

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