Quarterly ResultNov 9, 2026, 04:51 PM
AST SpaceMobile Q3 Revenue $42.3M; Announces Blacklift Rocket, DPAS Rating
AI Summary
AST SpaceMobile reported its third quarter 2026 financial results, with revenue increasing to $42.3 million. The company also provided a business update, highlighting progress towards nationwide intermittent service activation by year-end 2026 and the announcement of 'Blacklift,' its proprietary reusable rocket for satellite deployment. Key developments include securing a U.S. priority DPAS rating and obtaining $1.0 billion in non-dilutive funding. Despite revenue growth, the company reported a net loss of $132.4 million for the quarter.
Key Highlights
- AST SpaceMobile Q3 revenue reached $42.3 million, up from $14.7 million in Q3 2025.
- Net loss for Q3 2026 was $132.4 million, or $0.44 per share, compared to a net loss of $122.9 million, or $0.45 per share, in Q3 2025.
- Company expects nationwide intermittent service activation in key markets by year-end 2026.
- Announced Blacklift, a proprietary 20-ton reusable rocket for satellite deployment starting late 2028.
- Secured U.S. priority DPAS rating for dual-use satellite programs.
- Received $1.0 billion in non-dilutive funding from Japan Ministry of Internal Affairs and Communications.
- Targeting a production rate of six ASIC satellites per month by December 2026.
- Cash, cash equivalents, and restricted cash stood at approximately $3.2 billion as of September 30, 2026.
Price Impact
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