AST SpaceMobile Stock: Q1 Miss Puts $3.5 Billion Cash Cushion And 2026 Satellite Bet In Focus
AST SpaceMobile posted a bigger first-quarter loss than expected, with revenue also missing Wall Street forecasts late Monday. The company held onto its 2026 revenue guidance and said the upcoming launch of its next three BlueBird satellites aboard a Falcon 9 is still set for mid-June. It’s working to transition its space-based cellular network from pilot projects and initial contracts into ongoing commercial service.