Manufacturing and Satellite Launch Progress
AST SpaceMobile has completed the assembly of microns and phased arrays for eight Block 2 BlueBird satellites and expects to reach a manufacturing cadence of six satellites per month during 2025. They plan to launch 45 to 60 satellites during 2025 and 2026, aiming for continuous coverage in key markets.
Commercial and Government Partnerships
The company has agreements with over 50 MNO partners, representing nearly 3 billion subscribers globally. They have also completed key milestones under U.S. government contracts, demonstrating their satellite technology for non-terrestrial network connectivity.
Spectrum Acquisition and Strategy
AST SpaceMobile announced an agreement to acquire 60 megahertz of global S-Band spectrum priority rights, complementing their L-Band spectrum strategy in the U.S. and Canada. This acquisition enhances their ability to offer services globally, subject to regulatory approvals.
Financial Strength and Capital Raising
The company is well-capitalized with over $1.5 billion in cash following convertible note and ATM facility transactions. They also converted $360 million of outstanding convertible notes into equity, reducing their debt.
Revenue Opportunities
AST SpaceMobile expects revenue in the second half of 2025 to range between $50 million to $75 million, driven by government contracts, gateway sales, and potential commercialization efforts.