Strong Start to 2025 and Revenue Growth
AST SpaceMobile reported a strong start to the year with revenue beginning to come in. The company is executing on satellite manufacturing, commercialization, and regulatory initiatives with five scheduled launches over the next six to nine months.
Major Satellite Manufacturing and Launch Plans
The company plans to deploy over 60 satellites during 2025 and 2026, enabling continuous coverage in key markets such as the United States, Europe, and Japan. They aim to achieve a manufacturing cadence of six satellites per month by Q4 2025.
Successful Commercial and Government Contracts
AST SpaceMobile reported successful calls with partners such as Rakuten, AT&T, Verizon, and Vodafone, and secured a $43 million contract with the U.S. Space Development Agency. They also signed a new contract with another government agency.
Financial Position and Capital Raises
The company ended Q1 with $874.5 million in cash, up from $567.5 million at the end of Q4 2024, driven by a convertible notes offering and an ATM facility. They have plans for a new $500 million ATM facility and are exploring non-dilutive financing options.