BillionaireNet
Avellan
A
Rank #814
UNITED STATESTelecomtelecoms

Abel Avellan

Net Worth
$5.032B
+6.52% (24h)
Abel Avellan is a Venezuelan-American entrepreneur and telecommunications executive, currently serving as the Chairman and CEO of AST SpaceMobile, Inc.. His source of wealth stems from his ventures in the telecoms industry, particularly through his company, which is building a space-based cellular broadband network designed to connect directly to standard mobile phones. Avellan's career spans over 25 years in the space and satellite industry, including founding Emerging Markets Communications (EMC), which was sold for $550 million in 2016. He is known for his work in expanding access to satellite technology and bridging communication gaps globally, and has been recognized as a World Teleport Association's Satellite Teleport Executive of the Year. As of December 2025, his net worth is estimated at $4.3 billion.

The Full Dossier

Early Life

Abel Avellan was born in Venezuela and is a naturalized U.S. citizen. He studied engineering at Simón Bolívar University in Venezuela, where he developed a strong foundation in science and technology.

Rise to Success

Avellan's career began in the satellite communications industry, where he gained expertise in global connectivity and network infrastructure. He founded Emerging Markets Communications (EMC) in 1999, which provided satellite communication services to various sectors, including the U.S. Department of Defense and the United Nations. EMC grew to become a leading satellite services company before being sold to Global Eagle Entertainment in 2016 for $550 million. After the sale, Avellan served as President & Chief Strategy Officer at Global Eagle Entertainment until April 2017. In 2017, he founded AST SpaceMobile, Inc., with the goal of creating a space-based broadband system capable of delivering mobile connectivity directly to standard cell phones anywhere on Earth.

Key Business Strategies

AST SpaceMobile focuses on building a space-based cellular broadband network that works directly with unmodified smartphones. The company aims to eliminate coverage gaps worldwide, offering 2G, 3G, 4G, and 5G connections. Avellan's strategy includes partnerships with major telecom companies like Verizon, AT&T, and Vodafone. The company's headquarters and primary manufacturing facilities are located in Midland, Texas. AST SpaceMobile is using large antennas to provide global coverage with fewer satellites than competitors like SpaceX's Starlink.

Philanthropy

As of December 16, 2025, no specific philanthropic initiatives or amounts are readily available in the provided search results.

Career Timeline

2024

Appointed Commissioner to the ITU/UNESCO Broadband Commission

Appointed Commissioner to the ITU/UNESCO Broadband Commission for Sustainable Development.

2021

Appointed CEO of AST SpaceMobile, Inc.

Became CEO of AST SpaceMobile, Inc..

2017

Founded AST SpaceMobile

Founded AST & Science LLC (later AST SpaceMobile, Inc.), to develop a space-based cellular broadband network.

2016

Sold EMC to Global Eagle Entertainment

EMC was sold for $550 million.

1999

Founded Emerging Markets Communications (EMC)

Founded a satellite-based communications services provider, which was later sold for $550 million.

Philanthropic Impact

N/A$XB

N/A

No specific philanthropic information found.

Wealth Trajectory