Overview
- AST SpaceMobile announced a fully funded push to orbit 45 to 60 direct-to-phone satellites by 2026 with launches scheduled every one to two months
- The company’s Q2 earnings revealed a $1.5 billion cash reserve earmarked for satellite deployment and constellation build-out
- Shares of AST SpaceMobile jumped over 10 percent as telecom partners including AT&T, Verizon and Vodafone secure deals for space-based cellular coverage across key markets
- SpaceX lodged formal objections with the FCC over orbital sustainability and astronomers warn the growing mega-constellation could worsen debris risks and sky interference
- AST is bolstering spectrum holdings with new S-Band and L-Band rights and aims to launch intermittent U.S. service by end-2025, expanding to the U.K., Japan and Canada in early 2026