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AST SpaceMobile Provides Business Update and Third Quarter 2026 Results

ASTS
  • AST SpaceMobile expects nationwide intermittent service activation in the U.S. & key markets before year-end 2026.
  • The company announced Blacklift, a 20-ton reusable rocket designed to deploy BlueBird satellites starting in late 2028 using Miranda & Vira engines.
  • AST SpaceMobile secured a U.S. DPAS rating for its dual-use program, with plans to deploy over 100 BlueBird satellites via SpaceX, Blue Origin, & others during 2027 & 2028.
  • Japan's Ministry of Internal Affairs & Communications provided $1.0 billion in non-dilutive funding for midband satellite manufacturing & launches.
  • Third quarter 2026 revenue reached $42.3 million, driven by commercial & U.S. government gateway deliveries & milestones.
  • The company received a U.S. Space Force contract for advanced space-based sensing capabilities valued at approximately $100 million.
  • AST SpaceMobile holds approximately $3.2 billion in cash, cash equivalents, & restricted cash as of September 30, 2026.
  • Production is transitioning to full-scale ASIC integration beginning with BlueBird 34, targeting a rate of six ASIC satellites per month by December 2026.
  • BlueBirds 11, 12, & 13 are currently operational in orbit, while BlueBirds 14–25 are scheduled for launch between late 2026 & early 2027.
  • The company expects to have approximately 45 BlueBird satellites in orbit by mid-2027, with cumulative deployments exceeding 100 by 2028.
  • AST SpaceMobile validated the first satellite beam handovers between ground-based & space-based cellular networks with partner AT&T.
  • Commercial service authorization was granted in Brazil with 50 MHz of combined S-band & low band spectrum.
  • Adjusted operating expenses for Q3 2026 were $133.6 million, reflecting an increase from Q2 2026 due to higher engineering & R&D costs.
  • The company remains on target to achieve annual revenue guidance of $150.0 million to $200.0 million for 2026.
  • A quarterly business update conference call is scheduled for November 9, 2026, at 5:00 p.m. Eastern Time.