Analysis & Insights

Curated data and analysis on the trends shaping the space economy.

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How Much Revenue Can SpaceX and ASTS Really Make From DTC? — The Full Mach33 Premium DTC Model

November 19, 2025

PreviewOur open-sourced TAM model showed the size of the Direct-to-Cell opportunity, but TAM is only half the story. The critical investor question is how much of that demand can be served once real-world constellation physics are applied?This Mac...

$37B DTC Coverage-Gap TAM by 2030 — Mach33’s Open-Source DTC Demand Model

November 19, 2025

Executive SummaryDirect-to-Cell (DTC) connectivity (linking standard mobile phones directly to satellites) is shifting from concept to commercial reality. With Starlink, AST SpaceMobile, and major mobile carriers pushing rapidly toward operational...

DTC Phone Hardware Shift: ASTS Wins Early, Starlink Wins Big

October 22, 2025

Executive Summary• Non-Terrestrial-Network-ready phones are arriving. 3GPP Release-17 modems from Qualcomm, MediaTek, and Samsung are now shipping, marking the start of mass-market satellite-capable smartphones.• Hardware evolution drives reliabil...

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SpaceX Intelligence Q3'25 Report

October 15, 2025

Mach33’s Q3 SpaceX Quarterly Report delivers the most comprehensive, data-driven valuation of SpaceX available outside the company. Built on our proprietary model, this quarter integrates updated Monte Carlo simulations with new Direct-to-Cell rev...

T-Mobile + Starlink DTC: From Texts to Data - But How Capable?

October 01, 2025

Executive Summary• FCC waiver unlocks viability: A +10 dB power boost approved in March 2025 lifts Starlink DTC performance from ~4 Mbps to mid-teens Mbps under sparse conditions, transforming weak, intermittent links into more consistent connecti...

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AST SpaceMobile’s 2026 Path: All Eyes on New Glenn

September 24, 2025

AST SpaceMobile is racing to deploy a constellation big enough to power direct-to-cell service across the U.S., Europe, Japan, and the U.K. in 2026, and we map the possible trajectories of its Block-2 launch campaign.

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Starlink Full-Stack Connectivity: $17B DTC Spectrum Bid Could Bypass Carriers

September 10, 2025

SpaceX’s $17B purchase of AWS-4/H-block spectrum and the rollout of V3 Starship-class satellites turn Starlink DTC into a very strong rural/suburban solution, and, paired with terrestrial Starlink hardware in cities, position Starlink as a full-st...

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Starlink’s Spectrum Roadmap: Unlocking Bands for Broadband and Direct-to-Cell

May 20, 2025

A concise, data-driven look at how Starlink is lining up little-used high-frequency bands for dish broadband while angling for scarce low-band spectrum to beam straight to smartphones.