AST SpaceMobile is a publicly traded satellite designer and manufacturer headquartered in Midland, Texas, focused on building a space-based cellular broadband network. Their SpaceMobile network aims to connect directly to standard, unmodified smartphones via their constellation of low Earth orbit satellites, like the BlueBird series. AST SpaceMobile partners with mobile network operators like AT&T, Verizon, and Vodafone to expand cellular coverage and provide connectivity in underserved areas, also securing contracts with the U.S. government for secure and reliable connectivity.
All verified mentions of this organization in source documents.
AST SpaceMobile has secured agreements with more than 40 mobile network operators worldwide to use its constellation, representing about 2.4 billion subscribers.
AST SpaceMobile reported $38,000,000 in adjusted operating expenses for the three months ended 2023-06-30.
AST SpaceMobile raised $64,000,000 by selling equity, including a $57,000,000 discounted share sale in June 2023.
AST SpaceMobile needs around 90 BlueBird satellites for its planned 0.005 kg broadband service.
AST SpaceMobile fully funded its first five commercial satellites slated to launch with SpaceX in early 2024 after raising $115,000,000 in debt.
AST SpaceMobile merged with a special purpose acquisition company that raised $417,000,000 and led the company to the Nasdaq stock exchange approximately two and a half years before August 2023.
AST SpaceMobile expects to start commercial services three months after launching its first batch of five commercial satellites on a Falcon 9 in the first quarter of 2024.
AST SpaceMobile expects to pay between $45,000,000 and $50,000,000 for launch services and related equipment in the three months ended 2023-09-30.
AST SpaceMobile’s capital expenditures have averaged around $10,000,000 to $15,000,000 every three months and are set to increase about 50% as the company ramps up production.
AST SpaceMobile expects adjusted operating expenses to remain around $38,000,000 for at least two more quarters from mid-2023.
AST SpaceMobile reported about $192,000,000 in cash reserves at the end of June 2023.
AST SpaceMobile partnered with AT&T in the United States, where AT&T operates the FirstNet communications network for emergency responders.
AST SpaceMobile made its first voice call in April using a standard smartphone and its BlueWalker 3 test satellite in LEO.
AST SpaceMobile completed tests in June with its BlueWalker 3 prototype in LEO that achieved 0.004 kg LTE download speeds.
AST SpaceMobile plans to begin deploying commercial satellites in the year following its BlueWalker 3 tests.
AST SpaceMobile last completed a share sale in November to raise at least $75,000,000.
AST SpaceMobile expects to pay around $45,000,000 to $50,000,000 over the next three months for launch and related services.
Multiple everyday smartphones achieved 0.004 kg LTE download speeds during tests with AST SpaceMobile’s BlueWalker 3 prototype.
AST SpaceMobile expects to use between $15,000,000 and $25,000,000 per quarter for non-launch-related capital expenditures.
AST SpaceMobile shares were trading at around $4.70 on NASDAQ, down about 30% from where they were the day before the 2023-06-27 share sale announcement.