AST SpaceMobile Inc. (NASDAQ:ASTS) is advancing its mission to build the world’s first space-based cellular broadband network, with its technology now fueling eight contracts with the U.S. government while the company prepares to deploy 45-60 satellites by the first quarter of 2026.
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What Happened: During the company’s second quarter 2025 earnings call, executives revealed that their unique satellite technology, designed for both commercial and government applications, is gaining significant traction within the defense sector.
“We are very bullish about the government and use cases,” said Abel Avellan, Chairman and CEO of AST SpaceMobile. He noted that multiple branches of the U.S. Armed Forces have already tested and are using the company’s operational satellites for both communication and non-communication applications.
The company’s large phased-array satellites, approximately 3.5 times larger than previous models, offer superior capability at a much lower cost than traditional systems, a key factor in attracting government interest.
Despite missing the second quarter estimates, the company has ample cash to fund projects on its balance sheet.
“Given our pro forma …