earnings
confidence high
sentiment positive
materiality 0.75
AST SpaceMobile: First five BlueBird satellites operational; secures launch for ~60 more
AST SpaceMobile, Inc.
- First five BlueBird satellites unfolded; filed FCC STA request to begin beta service with AT&T and Verizon.
- Secured launch agreements with Blue Origin and SpaceX for up to 60 Block 2 satellites in 2025-2026.
- Added three U.S. Government contract awards; selected by SDA as prime for HALO program.
- Cash and equivalents $518.9M; received $153.3M from warrant redemption, repaid $48.5M credit facility.
- Q3 total operating expenses $66.6M (incl. $21.4M D&A and stock comp); adjusted op ex $45.3M; no revenue.