AST SpaceMobile: 5 commercial sats launch in September; we’re OK on cash for next 12 months; fresh US government interest

by Peter B. de Selding

LA PLATA, Maryland — Startup broadband satellite-to-smartphone service provider AST SpaceMobile said it had enough cash to manage the business for until at least August 2025, a 12-month period during which it will begin limited operations in the United States and generate early revenue from AT&T, Verizon and the U.S. government.

In an Aug. 14 investor call and regulatory filing, AST said it had $287.6 million of cash as of June 30. It has already paid the approximately $115 million to . . .

To view the entire article, become a subscriber!

You may also like