Ast Spacemobile Inc
- Industry
- Satellite Communications
- Exchange
- US
- Country
- USA
- IPO date
- Nov 1, 2019
- Employees
- 1,126
- Website
- ast-science.com
Composite valuation range · conservative $5–$10 / fair $12–$20 / optimistic $30–$45. At $58.29, Above the optimistic ceiling · future growth overdrawn.
At publication $83.67 (May 18, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States. The company provides a cellular broadband network in space to be accessible directly by smartphones for commercial use and other applications, as well as for government use. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.
History
AST SpaceMobile, Inc. was founded in 2017 and is headquartered in Midland, Texas, where it designs, develops, and manufactures its BlueBird constellation of low-Earth-orbit satellites to deliver cellular broadband directly to ordinary, unmodified smartphones. The company went public on 2019-11-01, and its business combination was completed in 2021. It has scaled from being a development-stage venture toward deployment: Class A shares outstanding grew from about 71.82 million at the end of 2022 to roughly 285.4 million at the end of 2025 and about 298.5 million by the end of March 2026, while the company built out a global manufacturing and operations footprint exceeding 500,000 square feet, including a Texas micron production line with capacity to support more than 10 satellites per month. Revenue reached about $70.9 million in 2025 (product revenue $44.389 million and service revenue $26.529 million), with first-quarter 2026 revenue of about $14.735 million driven mainly by gateway deliveries and U.S. government milestones. By early 2026 the company employed about 1,126 people, had secured FCC approval for a 248-satellite constellation and U.S. SCS commercial service (including authorization to deploy 223 additional LEO satellites), and targeted roughly 45 BlueBird satellites in orbit during 2026.
Industry position
AST SpaceMobile operates in the satellite communications industry, positioning itself in the direct-to-device (D2D) segment of delivering cellular broadband from space to standard smartphones, primarily through wholesale commercial agreements with mobile network operators rather than a direct retail telecom brand, with additional government applications. Underlying demand is large: GSMA reported the global mobile industry supported 8.8 billion wireless connections and 5.8 billion unique mobile subscribers in 2025, and the FCC noted that the U.S. D2D market saw at least 130MHz of spectrum and more than $28 billion in deal flow over an 18-month period. The company's most tangible competitive assets are its technology and patent position, regulatory progress, and MNO distribution relationships: it disclosed 38 global patent families and about 3,850 patents and patent application claims (roughly 1,900 granted or allowed) at the end of 2025, holds the FCC approvals noted above, and reported a partner ecosystem approaching 60 global MNOs covering over 3 billion subscribers (a company figure), including arrangements with AT&T, Verizon, and FirstNet in the United States. On capability, the company stated it achieved a peak of 98.9 Mbps in orbit and that its Block 2 satellites aim to nearly double that speed, differentiating its higher-bandwidth approach from text-oriented or low-bandwidth satellite connectivity. It competes in a market the FCC describes as intensely contested, where SpaceX/Starlink and T-Mobile's T-Satellite service have already reached the market, while Iridium and Globalstar serve as established satellite-operator reference points.