AST SpaceMobile Reports Mixed Q3 Results, Upside Potential
Update: 2025-11-11
Description
AST SpaceMobile, a space-based cellular broadband company, reported a loss of $0.45 per share and lower-than-expected revenue of $14.7 million in Q3. Despite this, their stock price rose slightly, and they confirmed their revenue forecast for H2 2025. The companys CEO, Abel Avellan, highlighted strong demand and new agreements with major carriers like Verizon and STC Group. AST SpaceMobile plans to start activating services in the US and expand into Canada, Japan, Saudi Arabia, and the UK by early 2026, with five orbital launches scheduled by Q1 2026. Operating expenses increased to $94.4 million due to higher engineering and equipment delivery costs, but the company maintains a strong financial position with $3.2 billion in cash and available funds.
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