M🅰️tthew Hulen

Views expressed here are my own.

[AST SpaceMobile @AST_SpaceMobile]

AST SpaceMobile Successfully Completes Unfolding of BlueBird 6, the Largest Commercial Communications Array Antenna Ever Deployed in Low Earth Orbit

https://t.co/gA4cdxPbic

[TheKOOKReport @thekookreport]

$ASTS COMMUNITY NOTE: Pierre's assertion is akin to measuring insurance TAM (prospectively) by how many houses actually burn each year. Here, while the insurance market has a 70% loss ratio, this is the wrong calculation b/c when houses get nuked, they are high magnitude scenarios. This is why people buy the insurance.

To calculate the TAM, it's not the number of houses that burn but the number of homeowners who do not want to take the risk - even if unlikely - that it will happen to them. As a result, the perceived value to hedge against a low probability event is very high relative to the cost . Only 0.1% of homes have total loss claims each year yet ~90% of homeowners have insurance. The 90% is the right analogue whereas Pierre concludes the equivalent TAM would be the 0.1%.

[America @america]

America is Back. Thank you, @realDonaldTrump!

[Abel Avellan @AbelAvellan]

First BlueWalker 3, now three BlueBirds! Four of the largest-ever commercial communications arrays are now unfolded and the BlueBirds are getting ready for initial commercial operations. Congratulations to my team for their continued outstanding work!!!
🤠🇺🇲📶#5G
#ATT #Google #Verizon #Vodafone #Bell #Rakuten #ConnectTheUnconnected #SatelliteToCell #Broadband

[M🅰️tthew Hulen @MattHulen]

I may be the only one, but I still think there are some folks short stock and long warrants - and I don’t mean the synthetic put. When the stock was $2 in April the warrant was $0.40 -since it is really a binary play you could short 1 share of the stock and trade into 5 warrants. If the stock goes to zero your warrants are worthless, but since you paid with a short you wouldn’t owe anything back and would only lose the borrowing fees.

Obviously there is the situation where the stock is $11.50 til 2026 and then you lose out on all the warrants and owe the shorts, but knowing this was either going to work or not - I wish I would’ve done it, or at least done the math on it with the borrowing cost and expected warrant value through a slower rise. I’ve pretty much held shares since 2021, and did swap about half out for warrants earlier this year to get more exposure with the same downside.

Tell me if I’m missing something though -

[M🅰️tthew Hulen @MattHulen]

@ASTS_Investors What are thoughts on some of these shorts being warrant holders? Short the shares to leverage into the warrants.

[United Airlines @united]

Since 2015, we've given Global Services status to Congressional Medal of Honor recipients in recognition of their exceptional service. The debt our country owes for their service can never be repaid; it can only be respected and honored. #MedalofHonorDay

[Luke David 🇺🇸 @TheLukeDavid]

So proud of this guy. BIG things coming for our @united CSRs. @Rahman_CIEO #beingUnited @weareunited

[Luke David 🇺🇸 @TheLukeDavid]

Some special visitors stopped by to recognize the great work happening at the Supv/Lead Roles and Responsibilities workshop at ORD. Thanks to Greg, Oscar, and Jon for encouraging the team!

[M🅰️tthew Hulen @MattHulen]

Oscar coming and sharing some wisdom in our workshop today! @weareunited #BeingUnited