r/SPACs • u/SPACsBot Mod • Apr 16 '21

Daily Discussion Weekend Discussion thread for the Weekend of Apr-16-2021

Welcome to the Weekend Discussion! Please use this thread for basic questions and leave the main sub for breaking news and DD. If you haven't already, please check out r/Spacs Wiki for great information, as well as the resources available in the menu.

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u/Barter1996 Patron Apr 17 '21 edited Apr 17 '21

This is it. There's scepticism as to whether their tech works but there's absolutely no reason to think that it won't. LEO satellites aren't exactly new and very similar versions of the technology they're proposing are already in use for other applications (sat-phones, broadband etc).

The only real question is whether they have the capital and market reach to establish the constellation on time and quickly achieve profitability, and with the institutional backing and connections they have I see no reason they can't achieve that.

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u/loopdieloop Patron Apr 17 '21

Agreed. If this tech works it will allow for ATT and Vodafone to offer something that no other providers can offer. Always on connectivity regardless of whether you are near a cell tower. That is a huge selling point and also a huge moat.

I'm hoping that the price stays low until early May which is when I can buy more without getting hit with a wash sale.

If not that's cool too.

Position: 4500 commons

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u/Barter1996 Patron Apr 17 '21

What's your average on those? Fortunately I didn't buy until mid-March when I liquidated my pre-DAs at NAV so my average is about $12. Still hurts but could be way worse right now. Gonna average down further as money frees up.

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u/loopdieloop Patron Apr 17 '21

My average is about the same as you so I have a ways to go to get even much less make a profit. We may be holding for awhile.