AST SpaceMobile's BlueBird 7 lost after launch; insurance expected to cover cost

AST SpaceMobile, Inc.

BlueBird 7 placed into lower orbit by New Glenn upper stage; will be de-orbited.
Cost of the satellite expected to be fully recovered under the company's insurance policy.
Production continues through BlueBird 32; BlueBird 8-10 expected to ship in ~30 days.
Reaffirms target of ~45 satellites in orbit by end of 2026 with launches every 1-2 months.
BlueBird 7 was to be the eighth deployed satellite for the space-based cellular network.

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