AST SpaceMobile
First space-based cellular network for standard smartphones. Partners: AT&T, Verizon, Vodafone, Rakuten, Google. Block 2 BlueBird deployed late 2025. MSCI World Index Feb 2026. Commercial rollout 2026.
FINANCIAL HEALTH
CAPITAL & CREDIT PROFILE
Reported fundamentals from SEC XBRL companyfacts. Derived figures carry their formula in the caption.
Latest quarter (Q1 ended 2026-03-31, filed 2026-05-11): revenue — · net income −$191.0M · cash $3.03B — SEC XBRL.
DEBT TRANCHES (6)
| Tranche | Principal | Rate / spread | Maturity | SEC accession |
|---|---|---|---|---|
| 2032 4.25% Convertible Notes | $3.5M | 4.25% | 2032-03-01 | 0001193125-26-216950 |
| 2032 2.375% Convertible Notes | $325.0M | 2.38% | 2032-10-15 | 0001193125-26-216950 |
| 2036 2.25% Convertible Notes | $1.07B | 2.25% | 2036-04-15 | 0001193125-26-216950 |
| 2036 2.00% Convertible Notes | $1.15B | 2.00% | 2036-12-31 | 0001193125-26-216950 |
| Trinity Capital Equipment Loan | $50.6M | — | — | 0001193125-26-216950 |
| Ubs Bridge Financing Loan | $420.0M | — | — | 0001193125-26-216950 |
| Total (unmatured) | $3.02B |
Total = sum of listed unmatured tranche principal. Extracted from SEC filings; tranche-level, not exhaustive. Rate / spread = interest_rate_bps ÷ 100 — fixed coupon or floating-rate spread, as extracted from the filing; floating-rate bank debt shows the spread over its reference rate, not all-in cost.
SCHEDULE CREDIBILITY
How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.
| Source | Events | Late (share) | Median slip | Median slip, late only | Sub-score | On-time allowance |
|---|---|---|---|---|---|---|
| Roadmap milestones | 3 | 0 (0%) | 0 d | — | 100.0 | 30 d |
SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.
Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17
FLEET & LAUNCH PARTNERS
Satellite operator (BlueBird constellation) — does not operate launch vehicles. Primary launch partners: SpaceX (Falcon 9), ISRO (LVM3 for BlueBird 1).
RECENT DEALS & CONTRACTS
| Date | Type | Amount | Counterparty | Significance |
|---|---|---|---|---|
| Jun 25, 2026 | Grant | $1.00B | Japan Ministry of Internal Affairs and Communications (MIC), Potential Winning Consortiums (e.g., Rakuten Mobile/AST SpaceMobile, KDDI-SpaceX Consortium) | Critical |
SECTOR POSITION
RECENT COVERAGE
| Date | Source | Headline |
|---|---|---|
| Jul 21, 2026 | Payload Space | FCC Eyes Wi-Fi and Bluetooth Bands for Satellites |
| Jul 20, 2026 | SEC EDGAR | AST SpaceMobile — 8-K filed 2026-07-20 |
| Jul 17, 2026 | Ars Technica — Space | Rocket Report: India's Vikram-1 nears debut flight; AST to become rocket company? |
| Jul 08, 2026 | SpaceNews | The satellite industry’s most expensive problem isn’t in orbit |
| Jun 25, 2026 | Payload Space | Japan Eyes Sovereign D2D Satellite Network |
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Corporate homepage (2025/2026 updates) documents AST SpaceMobile's BlueBird satellite program (BlueBird 1-5 + Next Gen), April 19 2026 BlueBird 7 launch schedule, and mission as 'the first and only sp
METHODOLOGY
Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.
Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.