Compared to the $350 billion valuation of Starlink, the Texas-based AST SpaceMobile only holds a market cap of $8.7 billion as of now. A major opportunity for AST SpaceMobile is to provide internet to over 2.6 billion people, majorly in developing nations, rather than providing off-grid connectivity in Europe and North America. This is because not all of them can afford Starlink, Forbes reported. The basic base station facility of Starlink begins at $350, while people need to pay roughly $80 per month for Wi-Fi at home. For broadband, Avellan said the "cheapest and most efficient way" is via phone.