AST SpaceMobile announced its first five commercial BlueBird satellites are targeted for launch on or after September 12, 2024, from Cape Canaveral. These satellites, featuring the largest commercial communications arrays in low Earth orbit, aim to provide non-continuous cellular broadband service across the US and select global markets.The company expects to receive over $155M in proceeds from the exercise of public warrants, with $71M already received. This brings AST SpaceMobile's pro forma cash position to over $440M as of June 30, 2024. The funds will support near-term operations and financial efficiencies, including interest payments and early debt retirement.AST SpaceMobile has agreements with over 45 mobile network operators globally, representing 2.8B subscribers. The company remains focused on minimizing costs and dilution, prioritizing commercial prepayments and quasi-governmental capital sources for future funding needs.

AST SpaceMobile announced its first five commercial BlueBird satellites are targeted for launch on or after September 12, 2024, from Cape Canaveral. These satellites, featuring the largest commercial communications arrays in low Earth orbit, aim to provide non-continuous cellular broadband service across the US and select global markets.The company expects to receive over $155M in proceeds from the exercise of public warrants, with $71M already received. This brings AST SpaceMobile's pro forma cash position to over $440M as of June 30, 2024. The funds will support near-term operations and financial efficiencies, including interest payments and early debt retirement.AST SpaceMobile has agreements with over 45 mobile network operators globally, representing 2.8B subscribers. The company remains focused on minimizing costs and dilution, prioritizing commercial prepayments and quasi-governmental capital sources for future funding needs.