The YouTuber advises avoiding ASTS due to its extremely high valuation, trading at a 592 price-to-sales ratio and a $50 billion market cap on only $60-80 million in annual revenue. He notes the company is unprofitable, relies on dilution and debt, and its stock price has run far ahead of its business fundamentals, increasing investor risk significantly.
“But for me, it always comes back to, okay, what is actually a fair price to pay for this business? Because a $50 billion market cap for a company doing anywhere between 60 to $80 million in revenue seems just too far out there, man.” — ▶ 20:40