AST SpaceMobile Reports Significant Quarterly Loss and New Launch Agreements

AST SpaceMobile's Q3 results show a major earnings miss but include strategic moves for global satellite service expansion.

AST SpaceMobile reported a Q3 revenue of $1.1 million, missing analyst expectations of $1.8 million.
The company posted a net loss of $171.9 million, with a loss of $1.10 per share, compared to an expected loss of 20 cents per share.
Operating expenses increased to $66.6 million, driven by higher payroll and development costs.
Five new BlueBird satellites were launched in September, with plans to deploy up to 60 more in the next two years.
New launch service agreements aim to enhance global space-based cellular broadband, targeting markets in the U.S., Europe, and Japan.