other material
confidence high
sentiment positive
materiality 0.70
AST SpaceMobile to build Blacklift rocket with Firefly engines in deals totaling ~$1.3B
AST SpaceMobile, Inc.
- Pays ~$800M upfront for a perpetual license to manufacture Firefly's Miranda and Vira engines: $400M cash plus 10-14M Class A shares set by forward VWAP.
- $250M for engines on the first three Blacklift rockets plus $250M over three years for Firefly engineering services, ~$1.3B in total.
- Blacklift is a reusable 20-ton rocket targeting up to five BlueBird satellites per launch starting late 2028; a new U.S. engine plant is planned.
- Miranda is a 230,000 lbf thrust engine with 175+ hot-fire tests and 4,200 seconds of runtime; Firefly (FLY) CEO Jason Kim calls it a 'bold transformational deal.'
- External launch agreements now cover over 100 BlueBirds cumulatively in 2027-2028; BlueBird arrays are in production through unit 51 in Midland, Texas.