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Jun 30, 2024
AST SpaceMobile Q2 2024 Earnings Report
AST SpaceMobile reported second quarter results and provided a business update.
Key Takeaways
AST SpaceMobile is preparing for the launch of its first five commercial satellites in September. Verizon has joined as a strategic investor and customer, contributing a $100 million financial commitment. Initial Block 2 BlueBird planning and production of 17 satellites are underway.
First 5 commercial satellites are on target for dedicated orbital launch in the first half of September.
Verizon added as strategic investor and customer with a $100 million financial commitment.
First 5 commercial satellites are capable of U.S. nationwide non-continuous service with 5,600+ cells in premium low-band spectrum.
Initial Block 2 BlueBird planning and production of 17 satellites underway at AST SpaceMobile manufacturing facilities in Texas.
Forward Guidance
AST SpaceMobile is focused on launching its first commercial satellites, expanding its commercial ecosystem, and advancing its technology and production capabilities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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