Overview
- AST SpaceMobile, which reported results after the close Monday, posted a loss of 66 cents per share on $14.7 million in revenue and the stock fell about 11%–14% Tuesday.
- The company kept its full‑year target of $150 million to $200 million and said it expects revenue to build each quarter through 2026.
- AST ended the quarter with about $3.5 billion in cash and more than $1.2 billion in contracted commitments, and it guided second‑quarter capital spending to $575 million to $650 million to cover launch payments.
- Management said BlueBird 8, 9, and 10 are slated to fly on a Falcon 9 in mid‑June, while satellites 11 through 33 are in advanced assembly toward a goal of roughly 45 in orbit during 2026.
- The company confirmed BlueBird 7 was lost after a Blue Origin upper‑stage anomaly and is insured, as competition from Amazon’s planned Globalstar deal and SpaceX’s Starlink increases pressure in direct‑to‑device service.