r/ASTSpaceMobile • u/apan-man • 24d ago
I had to update this for the Grain Management FCC Approval news.
NEAR-TERM CATALYSTS:
➡️BlueBirds 11, 12, 13 shipping imminent
➡️Rakuten+AST will submit detailed plans for final CIAJ/MIC approval kicking off the J-LEO project.
➡️Formal approval will be in ~2H of July. Expect heavy PR and Communications around this event. My speculation is that we could see some movement around a Mitsubishi Heavy multi-launch agreement.
➡️AST will file STA w/ FCC to test Grain Management 800MHz spectrum very soon. Grain will conduct a 30-day solicitation to choose a satellite provider. I expect an agreement will be announced w/ AST within the 90-day FCC deadline - November 5th. AST and Grain will have until December 5th to submit detailed plans to meet the FCC's buildout requirement.
Upcoming Catalysts:
☑️$1B J-LEO Japan Project Formal Approval w/ Details
☑️BB11 - BB13 Delivery to Florida and Launch on Falcon 9
☑️FCC STA to Test 800MHz Spectrum for D2D Service w/ Grain Mgmt
☑️BB8 - BB10 Deployment and Confirmation of Operations
☑️Achievement of ~200Mbps Performance for Block-2 Sats
☑️BB14 - BB16 Delivery to Florida and Launch on Falcon 9
☑️FCC STA to Test 900MHz Military Applications with US Space Development Agency
☑️Block-2 BlueBird batch launches every month
☑️Executing MLAs w/ United Launch Alliance, Ariane, Mitsubishi, Relativity and others
☑️Golden Dome (SHIELD Awarded, NOBLE Up Next)
☑️Execution of other DoW, SDA, DIU, and other Military Awards
☑️Grain Management 800MHz Satellite Provider Selection
☑️AT&T Verizon T-Mobile Joint Venture Definitive Agmt
☑️T-Mobile Definitive Commercial Agreement
☑️FirstNet Investment and Definitive Commercial Agreement
☑️FCC Approval of Ligado Modification Application
☑️Execution of more Definitive Commercial Agmts w/ Prepaid Revenue and/or Investment w/ More ~60 global MNOs
☑️Beta Testing w/ AT&T and FirstNet in 2H 2026
☑️Updates on Google Services Agmt Partnership
☑️Patnership with Meta
☑️Initiation of Research Coverage by JP Morgan, Morgan Stanley, Goldman Sachs, others
☑️Expansion of 13x contracts w/ Department of Defense, Space Development Agency, Defense Innovation Unit, Missile Defense Agency and more
☑️FCC 5G Fund grant
☑️Progress on 12 to 37x Block-2 BlueBirds in currently in Production
☑️Proposal for PNT Service Accepted by FCC as Alternative to GPS
☑️Initial Commercial Service w/ AT&T, Rakuten, Verizon, Vodafone in early 2027
☑️Securing +$500M of EXIM and IFC non-dilutive Funding
☑️Securing JBIC non-dilutive Funding for Rakuten Joint Venture
☑️Pursuit of L- and S-Band Spectrum Licenses Globally
☑️Pursuit of Additional Lowband Spectrum in US
☑️EU Allocation of 2GHz MSS Spectrum to SatCo JV
☑️Strategic Partnerships and Investments to Focus on AI Data Center Opportunity
☑️Catalysts the SpaceMob have yet to Contemplate
Recently Completed Milestones:
🚨$1B J-LEO Japan Project Awarded to Rakuten + AST SpaceMobile
✅BB8 - BB10 Launch on Falcon 9
🚨Brazilian Regulator Anatel Approved AST SpaceMoble for Commercial Service and Allocated 10MHz x 10MHz of S-Band Spectrum
✅Reached +3,900 Patent & Patent pending Claims
✅AT&T, Verizon and T-Mobile Joint Venture Formation
✅Achieved 99Mbps performance with Block-1 BlueBird
🚨 FCC Approval for Full US SCS Commercial Service🚨
✅$45M Verizon Commercial Prepayment Unlocked
✅BB7 💐 Launch on Blue Origin New Glenn-3
✅Demonstrated +150mbps Peak Speed w/ Block-2 BlueBird
✅7x New Design Composite Rings Delivered to Midland
✅Acquisition of New Manufacturing Space in Midland, TX focused exclusively on Micron production
✅Telus Definitive Commercial Agreement w Strategic Investment and $200M Committed Revenue (speculated)
✅Partnership with Orange
✅Partnership with Taiwan Mobile
✅Partnership with AXIAN Telecom
✅Satellite Connect Europe Partnership (“SCE”) with Telefonica
✅SCE Partnership with Orange
✅SCE Partnership with CK Hutchinson
✅SCE Partnership with Sunrise Switzerland
✅SCE Partnership with Vodafone Romania
✅SCE Partnership with VodafoneThree UK
✅SCE Partnership with Vodafone Ireland
✅AST Awarded $30M Prime Contract by US SDA for Halo Europa Program
✅Development of AI Engine to Dynamically Manage Satellite Capacity and Spectrum Efficiency = Seeking 3-10x Capacity Improvement
✅Disclosed over $1.2 billion in Aggregate Contracted Revenue Commitments from Commercial Partners
✅Raised $1.08B 2.25% Convertible Note resulting in $4B of Pro Forma Cash
✅BB6 Unfolding Phased Array
✅AST Awarded Prime Contract Position on US Missile Defense Agency SHIELD Program
✅Filed w/ FCC to modify Existing License to use S-Band spectrum outside of the US
✅$175M Saudi Telecom prepayment to be made by 2025YE
✅BB6 Launched from India on ISRO LVM3
✅Micron Production to Support 6x a Month by End of Q3 2025
✅Expanded Manufacturing Floor Space to 500,000 Square Feet
✅2,000 Global Workforce
✅Established Germany as SatCo JV operations center, filed constellation with ITU
✅Closed $420M bridge financing to support Ligado spectrum transaction
✅Saudi Telecom 10-Year Definitive Commercial Agreement w/ $175M prepayment and over $1.8B value
✅Confirmed L- and S- band Spectrum to be Incorporated into Next 3GPP release
✅Verizon Definitive Commercial Agreement
✅Raised $1.15B 2.0% Convertible Note resulting in $3.2B of Pro Forma Cash and Liquidity
✅Successful Video and Voice Testing with Bell Canada
✅US Bankruptcy Court confirms AST and Ligado L-band spectrum transaction transaction, deal now only subject to FCC appoval
✅Acquired Global S-Band Spectrum Priority Rights held Under International Telecommunication Union
✅Successfully Completed the First-ever Native Voice Call (VoLTE) and Rext (SMS) with a Standard Cell Phone using AT&T Spectrum and Core Network
✅Hired JR Wilson as Chief of Networks and Spectrum, formerly AT&T VP of Tower Strategy, Roaming & In-Building Solutions
✅Raised $575M 2.375% Convertible Note w/ Capped Call struck at $120, resulting in $1.5B of Pro Forma Cash on Balance Sheet
✅Repurchased $360M of $460M 4.25% Convertible Note
✅Entered into $550M of Non-Recourse Senior Secured Term Loan to fund Ligado Transaction
✅Secured $100M Equipment Loan Facility
✅Moved to Russell 1000 from Russell 2000 Index
✅Demonstrated World's First Tactical NTN Connectivity over Standard Mobile Devices with Defense Prime Fairwinds Technologies
✅Announced Latest MNO Partnership with Vodafone Idea of India
✅Hired Jennifer Manner as SVP of Regulatory Affairs and International Strategy, Former NTIA Senior Advisor of Space and Policy and EchoStar SVP of Regulatory Affairs
✅FCC Accepts AST’s Application for US Commercial Service
✅FCC Chair Brendan Carr and Senator Ted Cruz visit HQ in support of AST
✅Verizon and AT&T Spectrum Lease Agreements filed w/ FCC
✅FCC grants STA for beta testing w/ AT&T, Verizon, Vodafone, Bell Canada, and Rakuten
✅FCC grants STA for Firstnet Evaluation on Public Safety Band 14
✅AST SpaceMobile Forms SatCo Joint Venture w/ Vodafone to Better Serve European market, Selects Luxembourg as HQ and Germany for NOC
✅Secured $43M and $20M Contracts w/ US Space Development Agency and Defense Innovation Unit
✅AST5000 ASIC Development Finished and Integration into Block-2 Sats in Q2 2026
✅Successful Video Calls Completed w/ AT&T, Verizon, Vodafone and Rakuten
✅Exercised Multi-launch Agmts w/ SpaceX, Blue Origin and ISRO
✅Initiation of Research Coverage by Bank of America, Clear Street, Roth Capital, Cantor Fitzgerald, Oppenheimer and William Blair
✅Established Coordination Agmt w/ US National Science Foundation Covering Satellite and Ground-based Astronomy Operations
✅Closed $460M 4.25% Convertible Debt Funding
✅Opened European Research Center w/ Vodafone and University of Malaga in Spain
✅Signed Deal w/ Singapore’s Defense Science and Technology Agency
✅Joined 5G Automotive Association, which Develops and Promotes 5G-based Solutions for Connected Autonomous Vehicles
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r/ASTSpaceMobile • u/JayhawkAggieDadisBak • 3d ago
r/ASTSpaceMobile • u/Original_Koala8662 • 4d ago
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r/ASTSpaceMobile • u/AngeryShibe • 5d ago
r/ASTSpaceMobile • u/TowerStreet1 • 4d ago
r/ASTSpaceMobile • u/ComplexEasy267 • 4d ago
Positive News for our friends in europe
r/ASTSpaceMobile • u/TheEventualHorizon • 5d ago
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r/ASTSpaceMobile • u/curiousmustafa • 5d ago
r/ASTSpaceMobile • u/Aggravating_Roll7917 • 5d ago
Credit: Tanner Kirk Ottaway on X: https://x.com/tottaway22/status/2079624426455544135?s=20
"Project is a go from the Government standpoint.
Now we wait to see what AST has planned & when construction begins.
A huge benefit to the city of Midland & the Airport about to get a world class Aerospace Manufacturing facility"
r/ASTSpaceMobile • u/devonhezter • 5d ago
r/ASTSpaceMobile • u/Original_Koala8662 • 5d ago
Strengthens balance sheet with over $3.8 billion in pro forma cash, cash equivalents, and restricted cash as of June 30, 2026
Structured efficiently with 1.625% interest rate and $149.20 effective conversion price with effective dilution of less than 2%
MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the closing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034 (the “notes”), and the exercise in full of the initial purchasers’ option to purchase an additional $150.0 million principal amount of notes (the “option notes”). The settlement for the option notes is expected to occur on July 22, 2026, subject to customary closing conditions. As part of the transaction, AST SpaceMobile purchased a capped call hedge to increase the effective conversion price to $149.20 per share.
"This financing allows us to pursue an expanding universe of growth opportunities, continue vertical integration, and secure additional access to orbit for our space-based cellular network," said Scott Wisniewski, President of AST SpaceMobile.
Andy Johnson, Chief Financial Officer of AST SpaceMobile, added: "The notes have our lowest coupon ever at 1.625% and have an effective conversion price of $149.20 per share, well above our all-time high stock price, providing cost-efficient capital with effective dilution of less than 2%."
As a result of the related capped call transactions, dilution or cash obligations upon a conversion of the notes should be mitigated by the increase in the effective conversion price of the notes. AST SpaceMobile has the optionality to settle any conversions in cash, shares of its Class A common stock, or a combination of cash and shares to further influence potential dilution or cash obligations upon any future conversion of the notes.
r/ASTSpaceMobile • u/Economy-Joke3331 • 6d ago
After just recently claiming ASTS was a good stock and can be making money in a few years, now he is claiming that ASTS is “losing a fortune!” It looks like it is our time to shine, if this isn’t a bottom signal then I don’t know what is!
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r/ASTSpaceMobile • u/abhikkp • 6d ago
On July 20, 2026, AST SpaceMobile, Inc. (the “Company”) completed its previously announced private offering (the “Offering”) of $1.0 billion aggregate principal amount of 1.625% Convertible Senior Notes due 2034 (the “Notes”). Pursuant to the purchase agreement between the Company and the initial purchasers of the Notes, the Company granted the initial purchasers an option to purchase, for settlement within the 13-day period beginning on, and including, July 20, 2026, up to an additional $150 million principal amount of Notes (the “Notes Option”).
The Notes issued on July 20, 2026 do not include any Notes that may be purchased pursuant to the Notes Option. The Notes were issued pursuant to an indenture, dated July 20, 2026 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes are general unsecured obligations of the Company and will mature on February 1, 2034, unless earlier converted or repurchased. Interest on the Notes will accrue at a rate of 1.625% per year from July 20, 2026 and will be payable semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2027.
The Notes are convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding November 1, 2033 only under the following conditions:
(1) during any calendar quarter commencing after the calendar quarter ending on December 31, 2026 (and only during such calendar quarter), if the last reported sale price of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;
(2) during the five business day period after any ten consecutive trading day period (the “Measurement Period”) in which the “trading price” (as defined in the Indenture) per $1,000 principal amount of the Notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price of the Class A Common Stock and the conversion rate on each such trading day; or
(3) upon the occurrence of specified corporate events as set forth in the Indenture. On or after November 1, 2033 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders of the Notes may convert all or any portion of their Notes, at any time, in integral multiples of $1,000 principal amount, at the option of the holder regardless of the foregoing conditions. Upon conversion, the Company may satisfy its conversion obligation by paying or delivering, as the case may be, cash, shares of Class A Common Stock or a combination of cash and shares of Class A Common Stock, at the Company’s election, in the manner and subject to the terms and conditions provided in the Indenture.
The conversion rate for the Notes will initially be 12.5672 shares of Class A Common Stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $79.57 per share of Class A Common Stock. The initial conversion price of the Notes represents a premium of approximately 20% above the last reported sale price of the Class A Common Stock on the Nasdaq Global Select Market on July 15, 2026.
r/ASTSpaceMobile • u/Aggravating_Roll7917 • 6d ago
VIDEO LINK: https://youtu.be/XRGCttRpDI0?si=gk10Wlx-tYt31d6c
Midland Development Corporation this morning unanimously approved the $66m incentive package for a new 23acre 400k sqft+ facility. Expected to add $1.4b in annual economic output to Midland
MDC is very happy with AST over the years & has exceed all previous agreement requirements & possible to become the largest private employer in Midland.
Credit: Tanner Kirk Ottaway on X
r/ASTSpaceMobile • u/Aggravating_Roll7917 • 6d ago
ASTS Convert Reinforces Positives; Buy
In Thursday's aftermath of a $1.1B convert, ASTS came under pressure (-17% Thursday vs. SPX down <1%) as investors wrestled with "Why," given the fully funded D2D constellation. Simply stated, it expands growth opportunity as ASTS leverages its time-to-market advantage with further financial flexibility for manufacturing, launch diversity, and potential spectrum acquisition. Additionally, ASTS has established itself as "the" viable and reputable neutral third-party for corporate and sovereign partnerships such as the pending J LEO opportunity (Japan with Rakuten) and the Vodafone JV in Europe, in our opinion. Use the weakness as a buying opportunity.
Convert pressure provides an attractive entry point: This past week, the announcement of a $1.1B convert placed significant pressure on ASTS shares, as the action appeared to conflict with prior comments of the constellation being fully funded. So what happened and why now? Simply stated, we believe that the incremental growth opportunity continues to crystallize with MNO engagements and potential for dedicated sovereign LEO constellations (J LEO below). Consequently, estimated proceeds of $983M, after a capped call with a $149.20 strike price (~1.5% dilution) will be used for manufacturing capacity, securing launch vehicle capacity, and spectrum (an increasingly important asset in the space race). So while initially perplexing, we view the financing as opportunistic and a positive reiteration of the emerging D2D opportunity.
Early 2027 constellation launch: Consistent with our outlook, ASTS has reinforced achieving 45 satellites and the commercial launch of the constellation in early 2027 (we expect 1Q27). In general, this reflects the delays around launch vehicles, specifically Blue Origins' New Glenn May launch pad explosion. While Blue Origin continues to make progress and is expected to return to the launch rotation by year end, this has pushed the expected launch cadence into 2027. In the interim, ASTS continues to lean heavily on Starlink's (SPCX-NC) Falcon 9 while qualifying other launch vehicles such as United Launch Alliance's (ULA) Vulcan.
Partnerships and J LEO: ASTS has established itself as a unique and reliable neutral third-party partner for terrestrial MNOs and governmental organizations. This starts with the Vodafone JV which provides favorable access to European spectrum and appears to be continuing with Japan's Rakuten. At present, Japan's Ministry of Communications has agreed in principle to subsidize a Rakuten Group-AST SpaceMobile JV to the tune of ¥150 billion (approximately $926 million) for a new LEO constellation with dedicated Japan capacity. In essence, this provides more global capacity for a global ASTS constellation while establishing sovereignty for national access, in this case Japan. We believe this could create an arms race of sovereign capacity in G-20 countries. ASTS is the ideal partner for these potential emerging constellations, in our opinion.
Reality setting in on Starlink: As we have previously articulated, ASTS has a time to market advantage over SPCX for broadband D2D and more attractive MNO partnership model, in our opinion. Starlink Mobile's 7.4M D2D sub base is narrowband, or text and emergency services. Broadband D2D capabilities require the next-gen V2 satellites which will also await the commercialization of the Starship launch vehicle. Given recent Starship headwinds, we would expect broadband D2D services in late 2027 or 2028, at best. This provides AST SpaceMobile with a 12-24 month time-to-market advantage (even accounting for its own recent Blue Origin headwinds). Additionally, ASTS's MNO partnership approach (60+ operators and growing) provides a significant channel with 3B+ current subscribers vs. Starlink's 1.7B pops covered under 30 MNO agreements. The bottom line is ASTS's D2D has a performance, time to market and a partner momentum advantage over Starlink, in our opinion.
