AST SpaceMobile reports Q2 cash $939M, guides $50-75M revenue in H2 2025, 5 satellites operational

AST SpaceMobile, Inc.

Cash, equivalents, restricted cash $939M as of Jun 30; pro forma over $1.5B including new notes.
Raised $575M via 2.375% convertible notes; repurchased $100M of existing notes, outstanding now $100M.
Completed microns for eight Block 2 BlueBird satellites; target 40-satellite equivalent by early 2026.
Secured 60 MHz global S-Band spectrum rights; L-Band access up to 45 MHz in US/Canada subject to FCC approval.
Revenue guidance $50M-$75M in H2 2025; plan 45-60 satellites by 2026 for continuous service.

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