AST SpaceMobile announced Q3 2024 results and business updates on November 14, 2024. The company reported successful initial operations of its first five BlueBird satellites, filing an STA request with the FCC to begin beta service with AT&T and Verizon. AST secured orbital launch capacity with Blue Origin and SpaceX for up to 60 Block 2 BlueBird satellites in 2025-2026.The company expanded its customer ecosystem, adding three new U.S. government contracts. Financial highlights include $518.9 million in cash and equivalents, with Q3 operating expenses of $66.6 million. AST received $153.3 million from warrant redemption and repaid $48.5 million of its Senior Secured Credit Facility in Q4.CEO Abel Avellan stated, "We achieved many significant milestones in the quarter and continue our momentum with several key pieces now in place." The company is prioritizing non-dilutive capital raising approaches, including commercial prepayments and MNO partner commitments.

AST SpaceMobile announced Q3 2024 results and business updates on November 14, 2024. The company reported successful initial operations of its first five BlueBird satellites, filing an STA request with the FCC to begin beta service with AT&T and Verizon. AST secured orbital launch capacity with Blue Origin and SpaceX for up to 60 Block 2 BlueBird satellites in 2025-2026.The company expanded its customer ecosystem, adding three new U.S. government contracts. Financial highlights include $518.9 million in cash and equivalents, with Q3 operating expenses of $66.6 million. AST received $153.3 million from warrant redemption and repaid $48.5 million of its Senior Secured Credit Facility in Q4.CEO Abel Avellan stated, "We achieved many significant milestones in the quarter and continue our momentum with several key pieces now in place." The company is prioritizing non-dilutive capital raising approaches, including commercial prepayments and MNO partner commitments.