Kevin Mak (@KevinLMak) / X

Kevin Mak

4,503 posts

Kevin Mak

@KevinLMak

Teaches economics and investing at Stanford GSB. Special sits HF mgr. gsb.stanford.edu/faculty-resear… || Not Financial Advice

Stanford, CA

Joined January 2018

Kevin Mak
@KevinLMak
May 14, 2025
$ASTS Recap of yesterday's quarterly update and management call. I haven't reviewed any of Spacemob's analysis yet so some of this may seem repetitive. Overall progress of building + launching satellites looks solid. There has been some ambiguity about the design, build,
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Kevin Mak
@KevinLMak
Dec 13, 2024
Article
How I'd start a fund the scrappy way
This is a continuation from this earlier post. (disclaimer: not quite how I started, but pretty close) You're 25-35 yrs old and you've got 5-10 years of finance-industry experience under your belt....
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Kevin Mak
@KevinLMak
Sep 22, 2024
Article
Price Discovery and Trading
Out of all the lectures that I give at Stanford, I consider the topic of Price Discovery to be the most important one. Here's a brief description of how I teach it. ---- We use a trading simulator in...
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Kevin Mak
@KevinLMak
Mar 5, 2025
$ASTS Turn up the volume. ASTS is crankin' Overall very happy with the progress that they articulated on the call. They have $1B of liquidity and a ~$1B capex plan for the next 12-18 months. How's that for aggressive? This "burn the ships" strategy is, imo, absolutely the way
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Kevin Mak
@KevinLMak
Jun 17, 2025
Article
ASTS Updated Thoughts
Lots going on with AST SpaceMobile lately, so here’s a quick update and some thoughts. Valuation and Setup With the recent move into the $40 range, ASTS now has a market cap north of $9B—making it one...
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Kevin Mak
@KevinLMak
Oct 2, 2025
Signing off for now spacemob🫡, I'll continue to tell you to eat your vegetables even if you keep throwing them back at me. I genuinely hope you all reach the generational wealth that you're aiming to achieve. I mean that from the bottom of my heart.
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Kevin Mak
@KevinLMak
Jul 6, 2025
ASTS short interest has been completely obliterated. On the surface, 74m down to 36m is 38m shares covered. At a rough VWAP of $42/share, that's about $1.6 Billion dollars of ASTS shares that were purchased by short sellers over 4 weeks. Even if you take out the convert (9m) and
Kevin Mak
@KevinLMak
Jul 2, 2025
$ASTS Short interest plummeting. This is kind of interesting because the share swap closed yesterday 7/1. For the most part, it takes a day or two for the "plumbing" to work and get shares issued, settled, returned to lender, and reported as disappearing from short float. On
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Kevin Mak
@KevinLMak
Oct 7, 2025
$ASTS Extremely impressive strength on the tape today, despite the ATM offering and the general malaise around retail/momo/growth stocks, AND the Scotia downgrade. I don't think it's short covering or momentum trading, I think it's catch-up buying on the fundamental/story side.
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Kevin Mak
@KevinLMak
Jun 25, 2025
ASTS headline is mostly benign- slightly positive. They have outstanding convertible debt. They worked out a deal with some debt holders to convert their debt into shares early (now instead of years from now). This cuts their annual cash interest, but they gave a sweetener
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Kevin Mak
@KevinLMak
Jun 9, 2025
Interesting overnight moves…
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Kevin Mak
@KevinLMak
Jul 25, 2025
$asts Fundamentally this convertible debt offering isn't bullish or bearish. The company needs $2-4B over the next 3 years to build out the constellation. They aren't going to get all of it via ExIm non-dilutive financing. Most of it will come from equity issuances, debt
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Kevin Mak
@KevinLMak
Jun 18, 2025
Short sellers had a one day break on ASTS, they’re not gonna like this mornings PR. Back to covering and running the price up. I like how they wait till 9:30am to start buying. Fun prediction: $44.63 high by 10am.
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Kevin Mak
@KevinLMak
Jul 15, 2025
Article
Update on my scrappy start up hedge fund
In August 2024, I saw a post from @__paleologo asking to meet with and learn more about successful "retail" traders. He was skeptical, but open-minded, about whether anyone outside the institutional...
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Kevin Mak
@KevinLMak
Aug 13, 2025
$ASTS Okay seriously though, there's really nothing in the call that is particularly surprising, bullish or bearish. And this is the trend of my usual discussion posts. Both the bulls and bears are hanging onto every Semicolon in every FCC filing trying to pull a thread in
Kevin Mak
@KevinLMak
Aug 13, 2025
Replying to @nuke2astra and @spacanpanman
🚀🧇🛰️📡📲👍💰🏎️😎
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