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  "documentTitle": "AST SpaceMobile, Inc. (ASTS)",
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  "notes": "This is a research note from Kerrisdale Capital criticizing AST SpaceMobile's business model and market sizing.",
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      "text": "The notion that AST has a financial opportunity remotely related to \"$1.1 trillion\" in global wireless service revenue as included in AST investor decks, or that 5.3 billion unique cellular subscribers on the planet is an appropriate figure to applying penetration rates to, is complete nonsense.",
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      "text": "The majority of the world’s 5.3 billion existing cellular users spend nearly all their time living, working and traveling entirely within the ever-expanding reach of traditional, terrestrial networks.",
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      "text": "The notion that AST has a financial opportunity remotely related to “$1.1 trillion” in global wireless service revenue... is complete nonsense.",
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      "text": "Ironically, one of the most commonly cited reasons to go camping is to \"Digital Detox\" and not be in touch. For these individuals, a free basic emergency service as Apple recently announced, would probably be attractive. — Footnote 2",
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