AST SpaceMobile reports $14.7m Q1 revenue, targets 45 BlueBirds in 2026

AST SpaceMobile reported $14.7 million in first-quarter revenue, compared with $718,000 in the same period a year earlier. The company said revenue was driven mainly by gateway deliveries and payments from the US government. Since March 2026, AST SpaceMobile has secured three new government contracts through prime contractors after meeting in-orbit operational milestones.

AST SpaceMobile said it is moving ahead with new satellite launches after last month's failed deployment with Blue Origin. CEO Abel Avellan said BlueBird 8, 9 and 10 are on track to be delivered to Cape Canaveral, Florida, for a mid-June launch aboard a SpaceX Falcon 9 rocket. The company said satellites 11 through 33 are in advanced stages of production and assembly at its facilities in Texas, phased arrays are complete through BlueBird 28, and its micron production plant in Texas is operating at full capacity with enough output for components for more than 10 satellites per month. Avellan said AST SpaceMobile can manufacture six satellites per month.

AST SpaceMobile said total operating expenses in the quarter were $164.1 million, up from $63.7 million a year earlier, while net loss reached $249.6 million, compared with $63,628 in the previous year. At the end of the quarter, the company held about $3.5 billion in cash, cash equivalents and restricted cash. AST SpaceMobile maintained its 2026 revenue guidance of $150 million to $200 million and said its commercial partner ecosystem now includes almost 60 mobile network operators (MNOs, companies that run mobile networks) serving more than 3 billion subscribers, including recent additions Telus in Canada and Axian Telecom in Africa alongside AT&T, Verizon, Vodacom, Orange, MTN and Bell.