AST SpaceMobile (NASDAQ:ASTS) saw its shares climb by 13% in early U.S. trading on Tuesday after the company announced a revised schedule for launching its next set of BlueBird satellites.
The firm, which specializes in satellite-to-smartphone connectivity, aims to build a high-speed cellular broadband network by deploying its constellation of low-Earth-orbit BlueBird satellites. Notable investors include Vodafone (NASDAQ:VOD), AT&T (NYSE:T), Verizon (NYSE:VZ), Google (NASDAQ:GOOGL), among others.
In Monday’s statement, AST SpaceMobile outlined plans to conduct at least five launches of its Block 2 BlueBird satellites by the close of Q1 2026, with additional launches anticipated “every one to two months on average.” The company targets placing between 45 and 60 satellites into orbit during 2025 and 2026.
The announcement also revealed that assembly of microns for phased arrays on eight Block 2 satellites has been completed, with preparations for a further batch equivalent to 40 satellites expected to finish by early 2026.
“Within this updated launch/manufacturing cadence, AST SpaceMobile expects to reach intermittent service in the United States by year-end 2025 followed by service in Canada, Japan, and the UK by the first quarter of 2026,” said analysts from BofA Securities.
Despite the optimistic launch schedule, AST SpaceMobile reported a larger-than-expected second-quarter loss and revenues that fell short of Wall Street forecasts, reflecting increased investments in building its satellite broadband network.
The company posted a loss of 41 cents per share for Q2 ended June 30, compared to analysts’ predictions of a 21-cent loss. Revenues dropped sharply to $1.15 million from $15 million a year ago, missing estimates of $5.56 million.
Nonetheless, AST SpaceMobile remains confident in its outlook, projecting $50 million to $75 million in revenue during the second half of 2025 from both government and commercial clients. BofA analysts noted that revenue expectations for the latter half of the year appear “intact.”
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