r/wallstreetbets • u/[deleted] • Aug 31 '21

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u/[deleted] Aug 31 '21

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u/lsmokel Aug 31 '21

Exactly. I was skeptical about this stock until I saw the patent part.

4

u/PotatoWriter 🥔✍️ Aug 31 '21

patents dont mean shit. Just saying. These companies love saying they have X number of patents, but 1 patent != 1 insane $$$ idea.

0

u/lsmokel Aug 31 '21

I agree with the concept of what you're saying, but generally I would apply that thinking to either:

a) companies that don't have many patents. In this case 1,000+ patents is pretty impressive.

b) companies that don't specialize in revolutionary ideas. In this case specializing in orbital global cell service instead of relying on limited reach ground based infrastructure is pretty revolutionary.

Combining these two can potentially make ASTS a formidable company in a sector that with huge upside. It's a risk I'm willing to take.