The market often files AST SpaceMobile under space, but the customer is a phone with no signal. That framing misses the commercial infrastructure being built underneath the story. The company has assembled nearly 60 carrier agreements representing more than three billion subscribers, including AT&T, Verizon, Vodafone, Orange, stc, Telefnica, and CK Hutchison. Those relationships matter […]
ASTS Is More Than a Space Story Read More »
The AI buildout has crossed a financing line. The four biggest buyers guided to roughly $730 billion of capex for 2026, up from about $410 billion in 2025. That is a 78% increase in the budget chasing the same scarce stack of chips, networking, power and sites. But the important change is underneath the headline.
The AI Trade Just Became a Credit Trade Read More »
$5.4 million of call premium traded in $ASST 2027–2029 expirations today. That is big money thinking in years, not days. The large put print was 1,987 December $26 puts in one block near the ask for about $666K, the same morning a 2x long ETF $ASSX launched. To me that looks like a holder buying
ASST: $5.4M of Long-Dated Call Premium and the Hedge That Followed Read More »
Land is the cheapest input in the AI power stack. The scarce resources are the pieces that determine whether a data-center project can actually become energized capacity. The binding constraints are tightening: New heavy-duty gas-turbine orders run about three years. GE Vernova has roughly 10 GW of slots left across 2029 and 2030 combined. –
Land Is the Cheapest Input in the AI Power Stack Read More »
“Speed to usable capacity” is the whole neocloud trade in four words. A gigawatt campus is a 2029 asset. A 100MW site with power already flowing is a 2026 asset. The labs are not shopping for cheap compute. They are shopping for early compute. Scarcity moved from the chip to the interconnect queue, and the
Speed to Usable Capacity Is the Whole Neocloud Trade Read More »
The overhang has been shrinking the whole time. $ASST Warrants as a % of shares out: Sep 2025: 65% Dec: 59% Mar: 38% Jun: 33% Now: 28% Same 26.6M warrants. Strive grew the base underneath them. Source: Strive’s own treasury dashboard, shares outstanding table.
The overhang has been shrinking the whole time. Read More »
$ASST closed +3.2% today. Bitcoin flat. More shares changed hands at $27 than at any other price in this entire run. That is not a coincidence. It is where 26.6M warrants are struck, expiring mid-October. $27 was the wall for two weeks. Now it is the floor. Hold it and ~$718M
$ASST closed at $30.11. Warrant strike is $27. 26.6M warrants expire Oct 10. That’s $718M that either lands in the treasury in three weeks or disappears. Warrant overhang as a % of shares: Sep 2025: 65% Dec: 59% Mar: 38% Jun: 33% Now: 28% Same 26.6M warrants the whole time.
The jobs data keeps doing the Fed’s job for it Read More »
Triple witching Friday. WEEK IN REVIEW The Fed hiked 25bp Wednesday – unanimous 12-0, the first hike since July 2023, taking the funds rate to 3.754% with the door open to more. The BOJ followed overnight. $TNX, which touched its highest since 2007, pulled back under 5%. On the regulatory front, the CLARITY Act died
Triple Witching Friday: Week in Review Read More »
