AST SpaceMobile, Inc.

AST SpaceMobile, Inc. announced the formation of a joint venture with Rakuten Group, Inc. named Rakuten AST, Inc. This venture aims to build a direct-to-device satellite communications network in Japan, designed to enhance disaster resilience and economic security. The project is expected to receive approximately $1 billion USD in funding from Japan's Ministry of Internal Affairs and Communications (MIC) over three years. AST SpaceMobile will provide the necessary satellites, while Rakuten will manage the network operations within Japan. The joint venture plans to commence domestic operations by the end of March 2029.

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.

AST SpaceMobile reported a net loss attributable to common stockholders of $230.9 million for the second quarter of 2026, widening from $99.4 million in the prior year. However, total revenues significantly increased to $31.5 million from $1.2 million year-over-year, driven by product and service sales. The company continued its satellite deployment efforts, successfully launching multiple Block 2 BlueBird satellites (BB6, BB8-BB13), though one satellite, BB7, was lost due to a launch anomaly. Net cash used in operating activities for the first half of 2026 was $145.2 million, reflecting ongoing investments in its space-based network.

AST SpaceMobile reported Q2 2026 revenue of $31.5 million, consistent with its planned quarterly ramp. The company significantly increased its revenue backlog to approximately $1.30 billion, including new U.S. Government awards. Operationally, AST SpaceMobile launched six new spacecraft, bringing its total in-orbit constellation to 13, and is preparing for beta services in 2026. The company also fortified its balance sheet with over $3.7 billion in pro forma cash.

AST SpaceMobile announced a proposed private offering of $1.0 billion in convertible senior notes due 2034, with an option for initial purchasers to buy an additional $150 million. The company reported preliminary unaudited cash and cash equivalents of approximately $2,723 million as of June 30, 2026. Proceeds from the offering are intended to fund growth initiatives and secure additional access to orbit for its space-based cellular broadband network. Additionally, AST SpaceMobile is targeting the launch of about 45 BlueBird satellites in early 2027 and is in advanced discussions with Rakuten for a potential joint venture valued at up to $1 billion.

AST SpaceMobile, Inc. held its Annual Meeting on June 12, 2026, where stockholders voted on several key proposals. All 10 director nominees were successfully elected to serve until the 2027 Annual Meeting. Additionally, stockholders ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved a non-binding advisory vote on the compensation paid to named executive officers.

AST SpaceMobile reported a significant increase in total revenues for Q1 2026, reaching $14.7 million, up from $0.7 million in Q1 2025, driven by product and service sales. However, the company's net loss attributable to common stockholders widened considerably to $191.0 million from $45.7 million year-over-year, primarily due to increased operating expenses and other expenses. The company also disclosed the loss of its Block 2 BB7 satellite in April 2026, with an estimated carrying value of $155.0-$160.0 million, expecting a replacement launch and filing insurance claims.

AST SpaceMobile announced its first quarter 2026 financial results and provided a comprehensive business update. The company is targeting approximately 45 BlueBird satellites in orbit during 2026, with BlueBird 8, 9, and 10 scheduled for a mid-June launch. Key achievements include 98.9 Mbps peak data speeds from an in-orbit satellite and FCC authorization for commercial SpaceMobile Service in the United States. The company reported Q1 revenue of $14.7 million and reaffirmed its full-year 2026 revenue guidance of $150.0 million to $200.0 million.

AST SpaceMobile, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 12, 2026. Stockholders will vote on the election of 10 director nominees, the ratification of KPMG LLP as the independent auditor for fiscal year 2026, and a non-binding advisory vote on executive compensation. The company also noted the resignation of director Hiroshi Mikitani on January 13, 2026, and its status as a "controlled company" with Abel Avellan controlling approximately 71.6% of the voting power.