8-K: AST SpaceMobile Provides Business Update and First Quarter 2025 Results

AST SpaceMobile announced plans for five contracted satellite launches over the next 6-9 months, with the first Block 2 BlueBird satellite launch scheduled for July 2025. The company expects to reach a manufacturing cadence of six satellites monthly in 2025, supporting continuous cellular broadband coverage in key markets by 2026.The company projects revenue opportunities of $50-75M for H2 2025, backed by partnerships with major carriers including AT&T, Rakuten, Verizon, and Vodafone. Additionally, AST secured new government contracts, including a $20M agreement with the Defense Innovation Unit and received $13.6M in gateway equipment bookings from MNO partners in Q1.For Q1 2025, AST reported operating expenses of $63.7M, including $18.8M in depreciation and stock-based compensation. The company maintains a strong financial position with $874.5M in cash and restricted cash, while pursuing over $500M in potential non-dilutive funding through EXIM Bank and IFC.

AST SpaceMobile announced plans for five contracted satellite launches over the next 6-9 months, with the first Block 2 BlueBird satellite launch scheduled for July 2025. The company expects to reach a manufacturing cadence of six satellites monthly in 2025, supporting continuous cellular broadband coverage in key markets by 2026.The company projects revenue opportunities of $50-75M for H2 2025, backed by partnerships with major carriers including AT&T, Rakuten, Verizon, and Vodafone. Additionally, AST secured new government contracts, including a $20M agreement with the Defense Innovation Unit and received $13.6M in gateway equipment bookings from MNO partners in Q1.For Q1 2025, AST reported operating expenses of $63.7M, including $18.8M in depreciation and stock-based compensation. The company maintains a strong financial position with $874.5M in cash and restricted cash, while pursuing over $500M in potential non-dilutive funding through EXIM Bank and IFC.