#1
#1 out of 1
technology1d ago
AST SpaceMobile Provides Business Update and First Quarter 2026 Results
- AST SpaceMobile reports Q1 2026 revenue of $14.7 million and progress on BlueBird satellites heading toward mid-June launch.
- BlueBird 8, 9 and 10 are on track for delivery to Cape Canaveral with an expected orbital launch in mid-June on a Falcon 9.
- FCC grants Supplemental Coverage from Space, authorizing SpaceMobile Service in the United States.
- Company reports 3.5 billion dollars in cash, cash equivalents, and restricted cash as of March 31, 2026.
- Q1 operating expenses totaled $164.1 million, with notable increases in engineering services and G&A costs.
- The company plans to deploy approximately 45 satellites in orbit during 2026 to enable global SpaceMobile coverage.
- Strategic partnerships with Telus, Bell Canada, Axian Telecom and others expand the global operator ecosystem.
- AST SpaceMobile reiterates 2026 revenue guidance of $150 million to $200 million.
- First quarter 2026 gross results include a non-GAAP reconciliation and adjustments disclosed in the press release.
- The firm emphasizes a robust balance sheet, IP portfolio and manufacturing footprint to scale its SpaceMobile service.
Vote 0