$ASTS · Schwab Network · 2026-11-09
AST SpaceMobile 拥有巨大的长期机遇：卫星直连手机服务与电信合作颇具吸引力，快速推进卫星部署应有助于其作为 SpaceX 的有力竞争对手生存下来。但这依赖于 Blue Origin 等发射合作伙伴，而后者的 New Glenn 火箭已严重延迟，该股今年已下跌约 50%。
逐段跳播
有 AST Space Mobile，还有 Lunar Fly、PL。SpaceX 上涨了5%，Rocket Labs 上涨了9%，但这四家公司中有几家的股价涨幅最高达到13%。
There is AST Space Mobile, as well as Lunar Fly, PL. SpaceX rose 5%, Rocket Labs 9%, but shares of four of these companies rose by up to 13%.
在谈论 Rocket Lab 和 AST SpaceMobile 之前，我想先讨论一下 SpaceX 及其未来前景。
Before talking about Rocket Lab and AST Space Mobile, I want to discuss SpaceX and its future prospects.
AST Space Mobile 也在发生同样的事情，但他们走的是相反的方向。他们造了卫星，现在又想拥有火箭。
The same thing is happening with AST Space Mobile , but they are going in the opposite direction. They built satellites, now they want to own rockets.
好，我们来讨论一下 AST Space Mobile 的收入预期。你对这家公司怎么看？关键在于他们与现有电信公司有着牢固的关系。
Okay, let's discuss AST Space Mobile's revenue expectations. What is your opinion about this company? The main thing is that they have strong relationships with existing telecom companies.
AST 有一个吸引人的地方，因为他们提供卫星直连手机的连接，而且拥有有价值的商业合作关系。所以我认为这家公司有非常大的机会。
AST has an attractive aspect because they provide direct satellite-to-mobile connections and they have valuable business partnerships. So I think there is a really big opportunity for this company.
他们的发射成功了，但他们依赖 Blue Origin 这样的发射合作伙伴，而后者的 New Glenn 火箭已被严重推迟。
Their launch was successful , but they are dependent on launch partners like Blue Origin, whose New Glenn rocket has been severely delayed.
这些卫星非常大。一旦发射进入太空，每颗卫星大约有半个篮球场那么大。它们体积巨大，而且能够直接从手机与卫星通信。
These satellites are huge. Once launched into space, each satellite is about half the size of a basketball court. They are huge and they can communicate directly from mobile to satellite.
AST SpaceMobile 正在给太空领域的其他参与者一个真正的机会，去追平甚至超越这种能力。是的，而且我看到几天前，也就是11月6日，他们和 Firefly 达成了某种协议。
当时这给股价带来了一些动能。关于它的估值一直有讨论，但从长期来看，也就是说，它今年已经下跌了大约50%。
AST SpaceMobile is giving other players in the space sector a real opportunity to match or surpass that capability. Yes, and I saw that a few days ago, on November 6th, they had some kind of deal with Firefly.
At that time, it brought some momentum to the share price. There has been discussion about its valuation , but on a long-term basis, meaning it has fallen by about 50 percent this year.
我知道你无法以 Hyperframe Research 的名义给出股票推荐，但当我们思考领导力特质时——Elon Musk 和 SpaceX，以及我们谈到的另外两家，Rocket Lab 和 AST SpaceMobile——是不是大家都在达成交易？
I know you can't give stock recommendations from Hyperframe Research, but when we think about leadership qualities—Elon Musk and SpaceX and the other two we talked about, Rocket Lab and AST SpaceMobile—is everyone getting into a deal ?
你刚才在谈 Iridium 和 Rocket Lab。我谈到了 Firefly 和 AST，还有另一家，名字以“R”开头……就是他们签的那份合同。他们一直在不断达成交易。
You were just talking about Iridium and Rocket Lab. I talked about Firefly and AST , and there's another one, which started with an 'R' ... that contract that they had. They just keep making deals.
那么，这是否让你相信，这里对所有太空公司来说都有成功的机会？有没有谁看起来在火箭推进器的操控上有点马虎？所以，那些进展更快的公司，比如在发射方面更快的 Rocket Lab，或者在卫星方面更快的 AST SpaceMobile，会更有能力在这个新的太空市场中生存下来，因为我们确实需要一个能与 SpaceX 匹敌的竞争对手。
So, does this lead you to believe that there is opportunity here for all space companies to succeed? Is there anyone who seems to be a little sloppy at the wheel of a rocket thruster?
So, those who are moving faster , like Rocket Lab in terms of launches or AST Spacemobile in terms of satellites , will be more able to survive in this new space market , because we really need a worthy competitor to SpaceX.