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BlueWalker-3 was launched under a government contract two years before AST SpaceMobile recorded its first commercial revenue from the constellation.
AST SpaceMobile plans to deliver its first five commercial satellites to Cape Canaveral in July or August for a SpaceX Falcon 9 launch to low Earth orbit.
AST SpaceMobile reported having $212,400,000 in cash reserves and $51,500,000 available under a debt facility as of 2024-03-31.
AT&T agreed to provide $20,000,000 in January as part of its relationship with AST SpaceMobile and the agreement did not include additional prepayment revenue beyond that $20,000,000.
AST SpaceMobile disclosed a definitive agreement with AT&T that extends until 2030 and upgrades a prior Memorandum of Understanding.
AST SpaceMobile received a $155,000,000 strategic investment in January from AT&T, Vodafone, Google, and other investors.
AST SpaceMobile raised $417,000,000 in 2021 through a merger with a special purpose acquisition company (SPAC).
AST SpaceMobile recorded $500,000 in revenue for the three months ending 2024-03-31, marking its first commercial revenue from the constellation.
AST SpaceMobile recorded $31,100,000 in adjusted operating expenses for the first quarter of 2024.
AST SpaceMobile shares closed at $4.03 on 2024-05-16 after rising more than 68% when the company disclosed a revenue-sharing deal with AT&T.
AST SpaceMobile projects capital expenditure needs of between $25,000,000 and $40,000,000 during the remaining quarterly periods of 2024.
AT&T and AST SpaceMobile have been collaborating on space-based direct-to-mobile connectivity since 2018.
AT&T will continue working directly with AST SpaceMobile on developing, testing, and troubleshooting technology to help enable continental U.S. satellite coverage.
AT&T and AST SpaceMobile previously collaborated under a Memorandum of Understanding before signing the definitive commercial agreement.
AST oversaw 17 operations in March 2024, breaking the previous monthly record of 13 operations.
AST had licensed 43 launches and 3 reentries by April 23, 2024.
Nield argued that AST currently receives inadequate attention and resources within the FAA compared to other aviation issues.
The FAA stated that AST needs additional evaluators, specialists, and analysts to double its capacity for new authorization determinations.
Deputy Secretary of Transportation Polly Trottenberg suggested the commercial space industry might need to pay user fees or taxes to support AST funding.
SpaceX vice president Bill Gerstenmaier warned that AST's workload could ground US space launch capability if not addressed.