Key Highlights

  • Third-quarter Revenue reached $42.3 million from commercial and U.S. government customers.
  • The company secured $1.0 billion in non-dilutive funding for midband satellites from Japan.
  • More than 100 BlueBird satellites are expected to be deployed in aggregate during 2027 and 2028.
  • A space-based sensing contract is expected to contribute approximately $100 million in revenue.

AST SpaceMobile, Inc. (NASDAQ:ASTS) reported third-quarter 2026 revenue of $42.3 million from commercial and U.S. government customers, and provided a Business update that centers on its satellite deployment plans.

Revenue Sources

The company is developing a satellite network designed to connect ordinary mobile phones directly to satellites, a model known as direct-to-device connectivity.

Non-Dilutive Funding and Capital Needs

The company said it has secured $1.0 billion in non-dilutive funding for the manufacture and launch of its midband satellites, which it attributed to the Japan market.

Satellite Manufacturing and launch are capital-intensive, and the funding commitment addresses part of the expected spending. The summary figures do not give a full picture of the total cost of the deployment plan, so the remaining funding requirement cannot be measured from the quarter's data.

Deployment Timeline and Outlook

The $1.0 billion of non-dilutive funding addresses manufacturing and launch costs for midband satellites, which are among the largest expenses in building a constellation.

AST SpaceMobile is building a network that aims to provide cellular broadband service directly to standard mobile phones from space.

The company's deployment schedule links its satellite manufacturing and launch activities to revenue timing.

Final Word

Third-quarter revenue reached $42.3 million from commercial and U.S. government customers. The company secured $1.0 billion in non-dilutive funding for midband satellites from Japan.