Summary by Futu AI
AST SpaceMobile reported Q3 2024 revenue of $1.1 million from U.S. government contracts, while net loss widened to $303.1 million compared to $50.7 million in Q3 2023. Operating expenses increased 13% to $66.6 million, driven by higher engineering services, R&D, and general administrative costs. The company recorded a $236.9 million loss on warrant liability remeasurement due to significant warrant exercises and share price increases.The company successfully launched five Block 1 BlueBird satellites in September 2024, with total costs of $119 million. Cash and cash equivalents stood at $518.9 million as of September 30, with $430.8 million raised during Q3 through warrant exercises and equity offerings. The company repaid its $54.9 million senior secured credit facility loan in November 2024.AST SpaceMobile continues to advance its commercial satellite deployment plans, estimating $19-21 million per satellite for a constellation of 90 Block 2 BlueBird satellites. The company plans to initiate limited service with 25 satellites and expects to need an additional $120-170 million in funding to achieve this milestone. Management believes current cash reserves are sufficient for the next 12 months of operations.
This strategy is often seen in tariff policies and trade negotiations.
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
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