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SPAC Investing: AST & Science ($NPA) Part 2 - Framing Risks and Pro-Forma Projections

The key to investing is to understand which questions to ask, which issues to focus on, and when to step back to see "the big idea." In this second installment on NPA / AST & Science, we will understand more about how the satellite system works in an effort to explore the technical risks involved with the business. As a story stock, NPA will be buffeted by naysayers, envious industry stakeholders, and the general vagaries of the market. Technical risks aside, it is also important for an investor to contextualize forward estimates against a business model and understand the key metrics investors will measure when valuing the Company


NPA Information Part 2
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