Record Financial Position
AST SpaceMobile completed a $460 million convertible senior note offering, resulting in nearly $1 billion in cash on the balance sheet, significantly reducing the cost of capital with a 4.25% coupon.
Strategic Partnerships and Expansion
The company has agreements with approximately 50 mobile network operators globally, covering nearly three billion subscribers, including partnerships with major telcos like AT&T, Verizon, Vodafone, and Rakuten.
Satellite Manufacturing and Launch
AST SpaceMobile is scaling its satellite manufacturing effort with plans for 40 Block 2 Bluebird satellites, expanding production facilities globally, and securing launch capacity for approximately 60 satellites during 2025 and 2026.
Government Contracts
Secured a $43 million contract with the US Space Development Agency, marking the company's fifth contract with the US government and highlighting dual-use capabilities for commercial and government applications.
Regulatory and Spectrum Achievements
Received special temporary authority (STA) approval from the FCC to commence service with AT&T and Verizon, and signed an agreement for long-term access to up to 45 MHz of lower mid-band spectrum in the US.