ASTS News
5 R40 articles on AST SpaceMobile, Inc. (ASTS). Latest, Aug 25, 2026: Rocket Lab Values Iridium's Spectrum at $3.32B—More Than the Entire Constellation.
R40 Coverage
Rocket Lab Values Iridium's Spectrum at $3.32B—More Than the Entire Constellation.
Rocket Lab's merger filing marks Iridium's spectrum at $3.32B — 43.7% of the price, 1.72x the constellation, and more than Iridium's pre-leak market value.
Rocket Lab Is Buying $884 Million of Iridium Revenue at 9x Sales. Its Own Enterprise Value Sits at 58x.
Rocket Lab is paying 9.0x sales for Iridium — revenue 115% of its own — with stock valued at 57.6x. The collar moves the mix only between 4.0% and 6.6%.
SpaceX Paid $19.6B for Pre-Revenue Spectrum. Our Model Breaks Even at 23M Handsets.
SpaceX's $19.6B EchoStar spectrum buys a vertical our model still scores at zero for six quarters. Break-even is 23.2M monetised handsets against 74.3M assumed.
Satellite Spectrum: What the Bands Are, How the Licences Are Won, and Who Holds What
A first-principles guide: what each satellite band is for, why orbit decides which bands work, how the ITU hands out transmit rights, and who holds what today.
AST SpaceMobile Burned $695M in One Quarter. Its $3.7B Cash Covers Five More.
AST SpaceMobile burned $694.8M in the June quarter against $31.5M of revenue. Its $3.7B pro forma cash covers 5.3 quarters; the $1.3B backlog buys 1.9 more.
August 2026
SpaceX and AST SpaceMobile Circle Grain's 800 MHz Spectrum
Both are reported to have expressed interest in ~$6bn of 800 MHz licences Grain Management took from T-Mobile in a swap; the licences span 3,224 counties, preliminary bids are due the first week of September and the FCC has set 5 November for completion.
FCC Grants Temporary Authority to Test 800 MHz Direct-to-Device
The Commission granted AST limited special temporary authority to test satellite-to-smartphone connectivity in the 800 MHz band, the same frequencies at issue in the Grain licence sale.
Q2 2026 Business Update: Revenue $31.5m, Backlog $1.30bn
Revenue of $31.5m from gateway deliveries and US Government milestones; total operating expenses $329.1m including a $125.9m loss on the BlueBird 7 involuntary conversion; FY2026 revenue guidance of $150-200m reaffirmed.
July 2026
$1.0bn of 1.625% Convertible Senior Notes due 2034 Issued
The private offering closed on 20 July 2026 with an option for a further $150m; the company reported over $3.7bn of pro forma cash, cash equivalents and restricted cash.
Liquidity Update Filed Alongside the Notes Offering
Preliminary unaudited figures as of 30 June 2026 were disclosed to support the convertible offering, including total cash, cash equivalents and restricted cash.
May 2026
Avellan on CNBC: 'Every American Can Get Our Service'
The CEO said launches should run roughly monthly and repeated the claim of hundreds of megabits per second delivered directly to unmodified handsets.