The Investor
11 Nov 2025, 07:33
AST SpaceMobile reported third-quarter 2025 revenue of 14.7 million dollars, driven mainly by U.S. Government contract milestones and gateway deliveries. The company achieved more than 1 billion dollars in aggregate contracted revenue commitments from partners, reflecting strong commercial demand as it advances toward its 2026 service rollout.
Recent milestones include long-term commercial agreements with Verizon and Saudi Arabia’s stc Group—worth 175 million dollars in prepaid services—and new U.S. Government contract awards. AST also announced plans for a new EU satellite constellation with Vodafone and upcoming service activations across the U.S., Canada, Japan, Saudi Arabia, and the U.K.
The company began its multi-launch campaign, with BlueBird 6 shipped to India for a December launch and BlueBird 7 heading to Cape Canaveral in November. It expects to launch five satellites by the end of Q1 2026, targeting a 45–60 satellite constellation by the end of 2026.
Operating expenses reached 94.4 million dollars in the quarter, up from 74.0 million dollars in Q2, due mainly to higher engineering and gateway delivery costs. Adjusted operating expenses were 67.7 million dollars.
AST reported 3.2 billion dollars in total liquidity, including cash, equivalents, restricted cash, and ATM facility availability. It raised 1.15 billion dollars from a 10-year convertible note offering at a 2% coupon and reduced its older 4.25% convertible notes to 50 million dollars outstanding. CEO Abel Avellan said the results demonstrate accelerating commercial traction and a solid balance sheet to fund its global satellite broadband rollout.
Recent milestones include long-term commercial agreements with Verizon and Saudi Arabia’s stc Group—worth 175 million dollars in prepaid services—and new U.S. Government contract awards. AST also announced plans for a new EU satellite constellation with Vodafone and upcoming service activations across the U.S., Canada, Japan, Saudi Arabia, and the U.K.
The company began its multi-launch campaign, with BlueBird 6 shipped to India for a December launch and BlueBird 7 heading to Cape Canaveral in November. It expects to launch five satellites by the end of Q1 2026, targeting a 45–60 satellite constellation by the end of 2026.
Operating expenses reached 94.4 million dollars in the quarter, up from 74.0 million dollars in Q2, due mainly to higher engineering and gateway delivery costs. Adjusted operating expenses were 67.7 million dollars.
AST reported 3.2 billion dollars in total liquidity, including cash, equivalents, restricted cash, and ATM facility availability. It raised 1.15 billion dollars from a 10-year convertible note offering at a 2% coupon and reduced its older 4.25% convertible notes to 50 million dollars outstanding. CEO Abel Avellan said the results demonstrate accelerating commercial traction and a solid balance sheet to fund its global satellite broadband rollout.
