$ASTS Vodafone Idea and BSNL striking a nationwide network deal could be huge for accelerating AST D2D solution in India. I will circle back later today with my thoughts.

$ASTS $SPCX Adam Jonas' take on connectivity and compute at the edge aligns with what I think is the most compelling TAM for satellite broadband, even over D2D. I was a senior leader within Amazon's fulfillment for 7+ years, and speak regularly with senior leaders across transportation, fulfillment, drone, and delivery tech companies. The timing we talk about for industrial-scale middle and last mile autonomous delivery is 3-5 years. Estimates are 30-50% CAGR over the decade for commercial autonomous systems, and I think that's almost certainly underestimates the scale up phase over the next 5 years. In last mile alone, there are ~65M parcel deliveries/day and ~12M delivered meals/day. A drone will do ~15-30 deliveries per day on average. E-commerce market share is currently 17% of retail, and delivered meals are 7% of restaurant orders. Drones will be 5-10x cheaper and 3-5x faster than current last mile delivery at scale, so market share will swing to delivery. You can do the device count math. Enterprises (and gov't) will pay many multiples above consumers per device for the highest reliability, priority, and bandwidth service that terrestrial networks can never service. Many will also require a sovereign solution to protect their data. You can whine about how long it takes to get more metal in orbit, but a drone-swarmed world is around the corner. The difficulty of execution actually makes the investment more attractive to me. Once you have constellations, it's very difficult to get one-shotted by an upstart. You can argue about who takes what share of the market. But there are two credible Western players and the market will have an insatiable demand for both differentiated offerings. I think sovereignty will be a deciding factor for most companies, especially those ex-US. "connectivity is the fabric that turns individual robots and machines into a collective intelligence."

$ASTS $T: 🚨 @ATT is now starting to advertise @AST_SpaceMobile service on Instagram 👀

*META DEBUTS A DEDICATED, PALM-SIZED DEVICE WITH 5G TO USE MUSE

*META DEBUTS A DEDICATED, PALM-SIZED DEVICE WITH 5G TO USE MUSE

❗️ The FCC says four spectrum auctions planned before the end of 2028 could raise more than $100 billion. The first, set for 2027, will sell 160 MHz from the middle of the upper C-band (3.98–4.2 GHz). Chairman Brendan Carr says interest now reaches beyond AT&T, Verizon and T-Mobile, which carry nearly all US mobile connections, and that selling airwaves to more companies will bring new competition. The FCC has also been making room for satellite broadband. Last week it said it wants more spectrum available for satellite internet, and in May it approved SpaceX's purchase of spectrum from EchoStar.

Next up in our 3-part series on the metal additive printers behind the KARNO™ parts: the X Line. Colibrium Additive's X Line platform is purpose-built for industrial-scale metal additive manufacturing, combining one of the industry's largest build volumes with automated production to deliver high-throughput, repeatable manufacturing. The X Line platform with its dual laser and efficient powder handling systems enable continuous, high volume production ramp of KARNO components. Watch Hyliion’s Mike show you each side of the machine: