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As of 2023-12-31, AST SpaceMobile had incurred approximately $299,700,000 of gross capitalized property and equipment costs and had accumulated depreciation and amortization of $61,200,000.
AST SpaceMobile estimates approximately $45,000,000 was spent on development of the BlueBird Block 2 ASIC.
AST SpaceMobile achieved 3 Bits/Hertz using its BlueWalker 3 demonstration asset.
AST SpaceMobile plans capacity of up to 40 MHz per beam on its commercial satellites to support 120 Mbps peak data rates.
AST SpaceMobile’s custom ASIC entered the tape-out phase with TSMC and is planned to enable up to 120 Mbps peak data rates on 40 MHz spectrum channels and a processing bandwidth of up to 10,000 MHz per satellite.
Total operating expenses for AST SpaceMobile increased by $69,500,000 to $222,400,000 for the year ended 2023-12-31, compared to $152,900,000 for the year ended 2022-12-31.
AST SpaceMobile ended the first quarter of 2024 with cash, cash equivalents and restricted cash of approximately $210,800,000.
Total Adjusted operating expenses for AST SpaceMobile for the fourth quarter of 2023 were $38,600,000.
As of 2023-12-31, AST SpaceMobile had cash, cash equivalents and restricted cash of $88,100,000.
AST SpaceMobile has additional liquidity of $51,500,000 in gross proceeds available to draw under its Senior Secured Credit Facility, subject to certain conditions and approvals.
AST SpaceMobile developed a novel, custom, low-power architecture for the Block 2 BlueBird satellite that aims to enable up to a tenfold improvement in processing bandwidth per satellite, a program developed over four years with the equivalent of an estimated 150 man-years and approximately $45,000,000 of development.
AST SpaceMobile operates vertically integrated manufacturing and testing facilities in Midland, Texas that collectively span 185,000 square feet.
AST SpaceMobile received a fixed-firm-price contract award with the United States Government through a prime contractor that is expected to produce initial revenue in 2024-01-01.
AST SpaceMobile expects its planned ASICs and a 2,400-square-foot BlueBird satellite size to support up to 10,000 MHz of processing bandwidth per satellite in the future.
AST SpaceMobile launched the BlueWalker 3 technology demonstration satellite in late 2022.
AST SpaceMobile raised $155,000,000 from AT&T and other investors in January.
AST SpaceMobile’s first five commercial BlueBird satellites, known as Block 1 and similar in size to BlueWalker-3, are slated to launch together on a SpaceX Falcon 9 rocket in the coming months.
Rakuten’s mobile operator business plans to launch a satellite-to-mobile broadband service with AST SpaceMobile in Japan from 2026.
AST SpaceMobile needs additional capital to provide 0.005 kg connectivity globally from low Earth orbit to phones and other devices outside cell tower coverage.
AST SpaceMobile raised $155,000,000 from Google, AT&T, and Vodafone in January ahead of plans to deploy its first commercial low Earth orbit satellites early in 2024 for a direct-to-smartphone service.