Episode Details

AST SpaceMobile just began testing with Deutsche Telekom - and DT publicly said the name live on today's earnings call.

In this episode, Anpanman breaks down the news that Satellite Connect Europe, the AST/Vodafone joint venture, has begun integration and testing with Deutsche Telekom alongside its existing European carrier partners. He digs into Deutsche Telekom's earnings call, where executives acknowledged AST SpaceMobile for the first time and raised doubts about Echostar's ability to secure S-band spectrum in the EU as its Starlink acquisition moves through regulatory review. Anpanman also covers the SpaceX lockup expiry and its ripple effects across satellite stocks, plus strong quarterly results from Redwire, Satellogic and BlackSky. He explains why direct-to-cell technology, MNO spectrum partnerships and shifting European regulatory dynamics could position ASTS stock as a dominant force in both the US and EU wireless markets.

00:00 Introduction

00:36 Deutsche Telekom testing announcement

01:53 SpaceX lockup expiry breakdown

04:00 Short interest and institutional demand dynamics

07:41 Sector earnings: Redwire, Satellogic, BlackSky

08:13 T-Mobile and Deutsche Telekom talks

09:39 Deutsche Telekom earnings call reaction

12:47 Echostar spectrum problems in Europe

15:24 Valuing AST SpaceMobile's EU opportunity

17:02 Bear narrative collapses on analysts

20:43 Public safety and emergency response use case

23:53 NATO, defense and European manufacturing

25:36 Satellite Connect Europe ownership structure

27:51 SpaceX's European regulatory dependency

29:38 Amazon and Globalstar comparison

32:44 Audience Q&A begins

39:52 Which MNOs stick with Starlink

43:11 Final thoughts and risk management

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