Internet From Orbit

Holdings

1. Rocket Lab RKLB · Picks & shovels 30%

   The main listed launch company, also building satellites for others.

2. AST SpaceMobile ASTS · Direct beneficiary 28%

   Building a network that connects ordinary phones directly from orbit, with carrier partners.

3. Iridium Communications IRDM · Direct beneficiary 22%

   An operating global satellite network with steady service revenue.

4. Globalstar GSAT · Direct beneficiary 20%

   Runs the satellite messaging service built into recent iPhones.