Billionaire Profile
Abel Avellan
Global Rank
#947

Image: Public domain | via Wikimedia Commons

Abel Avellan

CEO, AST SpaceMobile
US
Real-Time Net Worth
$6.2B
As of December 2025
Age
54
Source
telecoms
Industry
telecom
Citizenship
US

Biography

Abel Avellan, a Venezuelan-American entrepreneur, is the visionary founder, Chairman, and CEO of AST SpaceMobile. Born in Venezuela, he is a naturalized U.S. citizen and a pioneer in the space industry. His career spans over 25 years in the telecommunications sector, with a current net worth estimated at $6.2 billion. Avellan's wealth is primarily derived from his ventures in telecoms and satellite technology. His leadership has been instrumental in creating the first space-based cellular broadband network designed to connect directly to standard mobile phones. He has signed more than 50 wireless providers as strategic partners and raised $2 billion-plus from investors such as AT&T, Google, Rakuten, Verizon, and Vodafone.

Wealth Over Time

In-Depth Profile

Early Life

Abel Avellan was born in Venezuela, where he studied engineering at Simón Bolívar University. He began his career in the satellite communications industry, gaining expertise in global connectivity and network infrastructure.

Rise to Success

In 2000, Avellan founded Emerging Markets Communications (EMC) with $50,000 and a pregnant wife. The company provided satellite communication services in Africa and the Middle East. EMC grew to become one of the leading satellite service providers. In 2016, Avellan sold EMC for $550 million. Building on this experience, Avellan founded AST SpaceMobile in 2017. The company aims to provide broadband services directly to standard mobile phones from space-based satellites. He has led AST SpaceMobile in securing partnerships with major telecommunications companies and raising significant capital.

Key Business Strategies

Avellan's key business strategy revolves around creating a space-based cellular broadband network. This strategy involves deploying satellites to provide direct-to-phone connectivity, eliminating the need for specialized equipment. AST SpaceMobile plans to launch 60 satellites by the end of 2026 to achieve global coverage, which will keep cellphones connected when out of range of a tower.

Philanthropy

Avellan's commitment to connectivity aligns with philanthropic goals, as evidenced by his appointment as a Commissioner to the ITU/UNESCO Broadband Commission for Sustainable Development. He believes in bridging the digital divide and making connectivity a necessity for all.

Career Milestones

2000

Founded Emerging Markets Communications (EMC)

Founded a satellite communication services provider, which became one of the largest in the world.

2016

Sold EMC

Sold Emerging Markets Communications for $550 million.

2017

Founded AST SpaceMobile

Founded AST SpaceMobile to create a space-based cellular broadband network.

2017

Named World Teleport Association's Satellite Teleport Executive of the Year

Recognized for his contributions to the satellite industry.

2024

Appointed Commissioner to the ITU/UNESCO Broadband Commission

Appointed as a commissioner to promote universal connectivity.

Philanthropy & Social Impact

Digital Inclusion

Promoting Universal Connectivity

Unknown

Committed to bridging the digital divide and making connectivity accessible globally, which aligns with his role as a Commissioner to the ITU/UNESCO Broadband Commission.

Business Philosophy & Leadership

Notable Quotes

"“Access to knowledge and information is a human right.”"

"“Our vision is to provide connectivity without disadvantage to wherever people are located.”"

Leadership Principles

Visionary Leadership

Leading the creation of a unique space-based cellular broadband network that aims to connect the unconnected globally.

Strategic Partnerships

Building strong partnerships with major wireless providers to achieve global broadband connectivity.

Technological Innovation

Pioneering a new approach to satellite internet by providing direct-to-phone connectivity.