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  "documentTitle": "AST SpaceMobile | SPAC Presentation Deck | 43 slides",
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  "authorName": "AST SpaceMobile",
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  "presentationDate": "2020-12-01 00:00:00",
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  "notes": "The chart uses a bar-vertical style to compare a single transaction value against a range of intrinsic values.",
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      "text": "Projected capex needs of $1.4bn to fund subsequent network build (Phase 2+) through 2024. Future capex expected to be funded through a potential mix of debt / equity, subject to market conditions.",
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      "text": "Transaction enterprise value implies discount of 83% to the midpoint potential enterprise value. Midpoint enterprise value assuming 14.0x projected 2024E EBITDA of $1,014mm, discounted at 20%.",
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      "text": "2024 Projected EBITDA of $1,014mm assumes only 0.9% subscriber penetration rate and $2.02 monthly ARPU. Projected 2024 Revenue of $1,070mm represents only 0.1% of today's $1 trillion global wireless services market.",
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