AST SpaceMobile, Inc.

ASTS Nasdaq Communication Services · Communications Services, Nec Midland, TX ast-science.com
$60.69
Mkt Cap 18.15B

Developer of a satellite-based cellular broadband network designed to connect directly to standard smartphones for commercial and government use.

From the annual report

We are building the first and only global Cellular Broadband network in space to be accessible directly by everyday smartphones (2G/4G-LTE/5G devices) for commercial use, and for other applications for government use utilizing our extensive intellectual property ( IP ) and patent portfolio. The SpaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. The SpaceMobile Service currently is planned to be provided by a constellation of high-powered, large phased-array satellites in LEO using low-band and mid-band spectrum controlled by MNOs. On March 22, 2025, we and certain of our subsidiaries entered into certain definitive agreements with Ligado Networks LLC ( Ligado LLC ) and its subsidiaries for usage rights for mid-band spectrum, which were approved by the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court ) on June 23, 2025. Ligado’s Chapter 11 plan was confirmed by the Bankruptcy Court on or about September 29, 2025. Subject to the completion of certain conditions, including regulatory approval, as a result of the transaction with Ligado, we expect our network will be enhanced by our long-term access to up to 45 MHz of the lower mid-band satellite spectrum in the United States and Canada through our usage agreements.

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REVENUE TTM
$115.3M
FCF TTM
-$1.64B
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