AST SpaceMobile
What matters nowUpdated 5 h ago
- The latest filing is an 8-K dated Sep 28, 2026 that reports a director or officer change under Item 5.02 1.
- Q2 2026 results were filed on Aug 10, 2026, in a 10-Q for the quarter ended Jun 30 2 and an 8-K with results 3. Q2 revenue was $31.5 million, including $24.4 million of product revenue from gateways and $7.1 million of service revenue.
- The stock traded at $46.955 on the pooled 24/7 venue price, down 8.17% from a prior close of $51.13. Recent daily moves were -8.22% on Oct 13, -7.02% on Oct 9, -9.58% on Oct 8 and +7.8% on Oct 6.
- The company had a market cap of $14.04 billion as of the latest data. Over the past 180 days, insiders sold 157,809 shares for $12.8 million across 6 sales, 2 of them planned, and bought 10,822 shares for $0.6 million. Trailing twelve-month net loss was $618.8 million, free cash flow was -$1.64 billion, and net debt was $683.7 million as of Jun 30, 2026.
- The next scheduled event is Q3 2026 results and a conference call, expected Nov 10, 2026, though the date is not yet confirmed. Monthly options expiration follows on Nov 20, 2026, and the quarterly index rebalance is on Dec 18, 2026.
AST SpaceMobile is building a space-based cellular broadband network meant to connect ordinary phones directly from orbit. Its BlueBird satellites are large arrays that unfold after launch. Revenue reached $70.9 million in 2025, its first year as a revenue-generating business, and Q2 2026 revenue was $31.5 million. The company had 13 satellites in orbit after the August 2026 BlueBird 8-13 launch, and it still needs more launches, gateways and commercial service before the network earns most of its revenue.
How it makes money
AST SpaceMobile sells equipment and services to mobile network operator partners and to the U.S. Government. Product revenue comes mainly from gateway deliveries that link its satellites to partners' terrestrial networks. Service revenue comes from government contracts and milestones. Longer term, the company plans commercial cellular broadband service through its mobile operator partners.
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Biggest businessesAll products & projects →
BlueBird satellite constellation
13 satellites in orbit as of Q2 2026. The company targets about 45 by year-end 2026.
Next: BlueBird 7 lost after its launch placed it in too low an orbit · 2026-04
Gateways for mobile operator partners
Gateway deliveries drove Q2 2026 product revenue of $24.4 million. Nearly 50 gateways are in various stages of completion.
Services and U.S. Government work
Service revenue was $7.1 million in Q2 2026. Revenue includes work under U.S. Government contracts.
Latest newsAll news →
AST SpaceMobile Q2 revenue $31.5 million; net loss $230.9 million, $(0.77) per share
AST SpaceMobile reported second-quarter 2026 revenue of $31.5 million, with product revenue of $24.4 million and services revenue of $7.1 million.
SpaceX launches BlueBirds 11, 12 and 13, bringing the constellation to 13 satellites
SpaceX launched three more BlueBird satellites on a Falcon 9 from Cape Canaveral on August 5, 2026.
AST SpaceMobile prices $1.0 billion of 1.625% convertible notes due 2034
AST SpaceMobile priced $1.0 billion of 1.625% convertible senior notes due February 1, 2034, with an option for up to $150 million more.
AST SpaceMobile discloses advanced talks on Japan J-LEO subsidy with Rakuten
In a July 15, 2026 filing, AST SpaceMobile said it was in advanced discussions with Rakuten, a shareholder, on the preliminary selection of RAST Co., Ltd.
SpaceX launches first Block 2 BlueBirds 8, 9 and 10 on Falcon 9
SpaceX launched BlueBirds 8, 9 and 10 on a Falcon 9 from Cape Canaveral on June 17, 2026, the first Block 2 satellites in the constellation.
AT&T, T-Mobile and Verizon propose a direct-to-device joint venture; AST SpaceMobile backs it
AT&T, T-Mobile and Verizon announced a proposed joint venture to bring satellite-based direct-to-device service to their customers.
Products & businesses
BlueBird satellite constellation
13 satellites in orbit as of Q2 2026. The company targets about 45 by year-end 2026.
Next: BlueBird 7 lost after its launch placed it in too low an orbit · 2026-04
Gateways for mobile operator partners
Gateway deliveries drove Q2 2026 product revenue of $24.4 million. Nearly 50 gateways are in various stages of completion.
Services and U.S. Government work
Service revenue was $7.1 million in Q2 2026. Revenue includes work under U.S. Government contracts.
What it's building next
Commercial cellular broadband service
Beta service is being prepared with strategic partners. 3,000 digital cells are active across the continental U.S. No commercial launch date has been given.
Next: Beta service with strategic mobile operator partners · 2026-12-31
Spectrum access
The company paid $100.0 million in advances to Ligado in the first half of 2026. The Ligado transaction had not closed as of the Q2 2026 results.
Joint venture with the top three U.S. mobile operators
A joint venture with the three largest U.S. mobile operators is planned. No formation or closing date has been given.
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Product revenue Equipment revenue, including gateway deliveries tied to mobile network operator partners. The company reports one operating segment, so this is a revenue line, not a separate reporting segment. | $44.4M | 62.6% | |
| Service revenue Service revenue, including work under U.S. Government contracts and related milestones. The company reports one operating segment, so this is a revenue line, not a separate reporting segment. | $26.5M | 37.4% |
Fiscal 2025 · from the annual report
Financial statements
| Metric | TTM | Q2 FY2026 2026-06-30 | Q1 FY2026 2026-03-31 | Q4 FY2025 2025-12-31 | Q3 FY2025 2025-09-30 | Q2 FY2025 2025-06-30 | Q1 FY2025 2025-03-31 | Q4 FY2024 2024-12-31 | Q3 FY2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | $1.9Md | $1.1M |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Net income | −$618.8M | −$230.9M | −$191.0M | −$74.0Md | −$122.9M | −$99.4M | −$45.7M | −$35.9Md | −$171.9M |
| Operating cash flow | −$144.7M | −$97.2Md | −$48.1M | $65.0Md | −$64.5Md | −$43.5Md | −$28.5M | −$28.4Md | −$33.4Md |
| Capital expenditure | $1.49B | $597.6Md +93% | $261.6M +117% | $395.7Md +382% | $238.4Md +686% | $310.2Md +1297% | $120.5M +204% | $82.0Md +267% | $30.3Md -59% |
| Cash & equivalents | $2.29B | $2.29B | $3.03B | $2.34B | $1.20B | $923.6M | $873.8M | $565.0M | $516.4M |
| Total debt | $2.97B | $2.97Bd | $2.97Bd | $2.22Bd | $706.6Md | $490.1Md | $465.9Md | $158.5Md | $200.9Md |
| Metric | FY2025 2025-12-31 | FY2024 2024-12-31 | FY2023 2023-12-31 | FY2022 2022-12-31 |
|---|---|---|---|---|
| Revenue | — | $4.4M | $0 -100% | $13.8M |
| Cost of revenue | — | — | $0 -100% | $6.7M |
| Gross profit | — | — | $0 -100% | $7.1M |
| Research & development | $28.1M -2% | $28.8M -39% | $47.5M +4% | $45.6M |
| Depreciation & amortization | $51.1M -19% | $63.3M +16% | $54.5M +1056% | $4.7M |
| Interest expense | $31.8M +70% | $18.7M +316% | $4.5M +2150% | $200.0K |
| Income tax | $3.9M +194% | $1.3M -21% | $1.7M +172% | $617.0K |
| Net income | −$341.9M | −$300.1M | −$87.6M | −$31.6M |
| Diluted shares (weighted) | 256.0M | 154.5M | 81.8M | — |
| Operating cash flow | −$71.5M | −$126.1M | −$148.9M | −$156.5M |
| Capital expenditure | $1.06B +511% | $174.1M +47% | $118.8M +107% | $57.3M |
| Cash & equivalents | $2.34B | $565.0M | $85.6M | $238.6M |
| Long-term debt (incl. current portion) | $2.21B | $155.6M | $59.3M | $4.8M |
| Total debt | $2.22Bd | $158.5Md | $59.5Md | $4.8M |
| Total assets | $5.01B | $954.6M | $360.9M | $438.4M |
| Total liabilities | $2.62B | $285.4M | $147.3M | $78.5M |
| Shareholders' equity | $2.39B | $669.1M | $213.6M | $359.8M |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
AST SpaceMobile Q2 revenue $31.5 million; net loss $230.9 million, $(0.77) per share
AST SpaceMobile reported second-quarter 2026 revenue of $31.5 million, with product revenue of $24.4 million and services revenue of $7.1 million.
SpaceX launches BlueBirds 11, 12 and 13, bringing the constellation to 13 satellites
SpaceX launched three more BlueBird satellites on a Falcon 9 from Cape Canaveral on August 5, 2026.
AST SpaceMobile prices $1.0 billion of 1.625% convertible notes due 2034
AST SpaceMobile priced $1.0 billion of 1.625% convertible senior notes due February 1, 2034, with an option for up to $150 million more.
AST SpaceMobile discloses advanced talks on Japan J-LEO subsidy with Rakuten
In a July 15, 2026 filing, AST SpaceMobile said it was in advanced discussions with Rakuten, a shareholder, on the preliminary selection of RAST Co., Ltd.
SpaceX launches first Block 2 BlueBirds 8, 9 and 10 on Falcon 9
SpaceX launched BlueBirds 8, 9 and 10 on a Falcon 9 from Cape Canaveral on June 17, 2026, the first Block 2 satellites in the constellation.
AT&T, T-Mobile and Verizon propose a direct-to-device joint venture; AST SpaceMobile backs it
AT&T, T-Mobile and Verizon announced a proposed joint venture to bring satellite-based direct-to-device service to their customers.
AST SpaceMobile Q1 2026 revenue $14.7 million; net loss widens to $191.0 million
AST SpaceMobile reported first-quarter 2026 revenue of $14.7 million, up from $0.7 million a year earlier, with product revenue of $13.4 million.
FCC authorizes AST SpaceMobile constellation of 248 satellites for commercial service
The FCC granted AST SpaceMobile authority to launch and operate a constellation of 248 non-geostationary satellites for Supplemental Coverage from Space, using low-band spectrum coordinated with Verizon, AT&T and FirstNet.
BlueBird 7 is left in an off-nominal orbit after New Glenn launch
BlueBird 7 launched on Blue Origin's third New Glenn rocket from Cape Canaveral on April 19, 2026, but the payload was not placed into its intended orbit.
AST SpaceMobile reports full-year 2025 revenue of $70.9 million and Q4 net loss of $74.0 million
AST SpaceMobile reported 2025 revenue of $70.9 million, with fourth-quarter revenue of $54.3 million driven by gateway deliveries and U.S.
AST SpaceMobile proposes $1.0 billion of convertible senior notes due 2036
AST SpaceMobile announced a proposed private offering of $1.0 billion of convertible senior notes maturing April 15, 2036, with initial purchasers able to buy up to $150 million more.
SEC filings
| Oct 1, 26 | 4 | Form 4: Thorsen Wayne (EVP & Chief Commercial Officer) — award 200,000 sh | sec.gov ↗ |
| Oct 1, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Sep 28, 26 | 8-K | 8-K: Director/Officer Change (Item 5.02) | sec.gov ↗ |
| Sep 17, 26 | 4 | Form 4: Yao Huiwen (Chief Technology Officer) — open-market sale 40,000 sh | sec.gov ↗ |
| Sep 17, 26 | 4 | Form 4: Gupta Shanti B. (Chief Operating Officer) — open-market sale 12,000 sh | sec.gov ↗ |
| Sep 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 1, 26 | 4 | Form 4: Cisneros Adriana (Director) — open-market buy 10,822 sh | sec.gov ↗ |
| Aug 24, 26 | 4/A | 4/A: Insider transaction report (amended) | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Yao Huiwen (Chief Technology Officer) — option exercise 40,000 sh | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Avellan Abel Antonio (Chief Executive Officer, Director, 10% Owner) — award 150,000 sh | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Bernal Maya (Chief Accounting Officer) — award 20,000 sh | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Johnson Andrew Martin (CFO and CLO, Director) — award 75,000 sh | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Gupta Shanti B. (Chief Operating Officer) — award 75,000 sh | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Wisniewski Scott (President) — award 75,000 sh | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Turco Christopher Edward (EVP and Chief of Staff) — award 200,000 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Gupta Shanti B. (Chief Operating Officer) — tax withholding 12,767 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Johnson Andrew Martin (CFO and CLO, Director) — tax withholding 22,135 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Bernal Maya (Chief Accounting Officer) — tax withholding 2,919 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Wisniewski Scott (President) — tax withholding 22,135 sh | sec.gov ↗ |
| Aug 10, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Aug 10, 26 | 8-K | 8-K: Results of Operations, Regulation FD Disclosure (Items 2.02, 7.01) | sec.gov ↗ |
| Jul 24, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Jul 20, 26 | 8-K | 8-K: Material Agreement, New Financial Obligation, Unregistered Equity Sale, Other Events (Items 1.01, 2.03, 3.02, 8.01) | sec.gov ↗ |
| Jul 15, 26 | 8-K | 8-K: Results of Operations, Regulation FD Disclosure, Other Events (Items 2.02, 7.01, 8.01) | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-16 | Gupta Shanti B. Chief Operating Officer | Sale | 12.0K | $58.89 | $706.7K |
| 2026-09-16 | Yao Huiwen Chief Technology Officer | Sale 10b5-1 plan | 40.0K | $58.93 | $2.4M |
| 2026-08-31 | Cisneros Adriana Director | Buy | 10.8K | $57.22 | $619.2K |
| 2026-06-11 | Johnson Andrew Martin CFO and CLO, Director | Sale | 45.8K | $93.81 | $4.3M |
| 2026-06-05 | Yao Huiwen Chief Technology Officer | Sale 10b5-1 plan | 40.0K | $96.37 | $3.9M |
| 2026-05-20 | Johnson Andrew Martin CFO and CLO, Director | Sale | 5.0K | $90.25 | $451.3K |
| 2026-05-13 | Torres Julio A. Director | Sale | 15.0K | $76.34 | $1.1M |
| 2026-04-15 | Mikitani Hiroshi 10% Owner | Sale | 1.4M | $86.22 | $116.4M |
| 2026-04-14 | Mikitani Hiroshi 10% Owner | Sale | 1.7M | $91.42 | $154.5M |
| 2026-03-23 | Yao Huiwen Chief Technology Officer | Sale 10b5-1 plan | 40.0K | $88.88 | $3.6M |