ASTS

Satellite Constellation Deployment & Network Expansion

Cluster Description

This cluster captures commitments to build, launch, and scale the satellite constellation and associated ground/network infrastructure that deliver global, space‐based cellular broadband. More recent commitments (e.g. from June 2025) supersede or update earlier plans and emphasize partnerships, continuous service and manufacturing cadence targets.

Commitments

• 2025-06-18 – Partnership for Satellite Connectivity to expand mobile broadband across India by collaborating with AST SpaceMobile, including development of a SpaceMobile Satellite System to provide voice, video, and data streaming.
• 2025-04-30 – Initiate a limited, noncontinuous SpaceMobile Service and complete assembly, integration, and testing of 60 Block 2 BB satellites with planned launches in 2025–2026 to enable continuous service.
• 2025-05-12 – Deploy over 60 satellites via five orbital launches over the next six to nine months and accelerate satellite manufacturing with a target cadence of six satellites per month by Q4 2025.
• 2025-05-12 – Contracted multi-provider orbital launch plan and activation of initial cellular broadband capabilities across key markets (U.S., Europe, Japan) to support network expansion.
• 2024-11-14 – (Earlier but superseded) Launch and Operation of SpaceMobile Service using Block 1 and planned Block 2 BB satellites; the 2025 commitments now update these initial plans.

Spectrum Access & Technology Enhancements

Cluster Description

This cluster includes commitments to secure long-term spectrum access and to advance satellite technology (e.g. increased bandwidth, ASIC development) that underpins enhanced network capacity and data transmission speeds. More recent documents (e.g. June 2025) update earlier spectrum and technology enhancements.

Commitments

• 2025-06-13 – Secure long-term access to up to 45 MHz of lower mid-band spectrum for direct-to-device satellite applications with peak data speeds up to 120 Mbps; this supersedes earlier spectrum commitments.
• 2025-01-06 – (Consolidated by later updates) Commit to receiving long-term spectrum usage rights for 80+ years for L-Band MSS spectrum and additional MHz in the 1670–1675 MHz Band; includes institutional financing of $550 million.
• 2025-01-30 – Plan to develop and launch next-generation Block 2 BlueBird satellites designed to deliver up to 10 times the bandwidth capacity of current models.
• 2025-04-03 – (Earlier complementary commitment) Enhance satellite design with a unique LEO constellation and achieve 95% vertical integration in satellite manufacturing to improve processing bandwidth.

Commercial Partnerships & Government Contract Commitments

Cluster Description

This cluster groups commitments related to establishing commercial agreements with Mobile Network Operators (MNOs), strategic partnerships and securing government contracts that expand revenue streams and validate the broad market and public utility of the satellite network. Recent commitments update earlier revenue and partnership initiatives.

Commitments

• 2025-06-10 – Inclusion in the U.S. large-cap Russell 1000® Index to bolster market visibility and support connectivity mission, reflecting commercial market validation.
• 2025-03-03 – Establishment of SatCo, a jointly owned European satellite service provider to deliver space-based broadband to 340 million customers in 15 countries.
• 2025-03-03 – Formation of a European distribution entity with Vodafone to expand SpaceMobile service across Europe and Africa through long-term commercial agreements (effective through 2034).
• 2025-02-26 – Award of a $43 million contract with the U.S. Space Development Agency, reinforcing government confidence in AST SpaceMobile’s capabilities.
• 2024-12-09 – (Earlier but now updated) Securing contracts with U.S. government prime contractors and expanding commercial agreements with key MNOs like AT&T and Verizon.

Financial Strategy & Capital Raising Initiatives

Cluster Description

This cluster consolidates commitments focused on funding growth, capital raising initiatives, and financial instrument transactions (such as convertible senior notes and non-dilutive financing). Recent financing commitments update or override earlier capital strategies in support of rapid operational scaling.

Commitments

• 2025-06-13 – Institutional financing commitment of $550 million to support the spectrum transaction, underlining the capital backing for operational expansion.
• 2025-01-27/2025-01-22 – Multiple convertible senior notes offerings valued at approximately $400 million (with an additional option of $60 million) along with planned capped call transactions to mitigate shareholder dilution; these transactions are expected to settle by January 27, 2025.
• 2025-01-22 – (Earlier related commitment) Proposed private offering of convertible senior notes to raise funds for working capital and strategic transactions, with proceeds allocated for capped call transactions.
• 2024-11-14 – (Consolidated from earlier updates) Ongoing capital raising plans including at-the-market offerings, all of which have been refined in light of more recent non-dilutive financing strategies pursued in 2025.

Strategic Partnerships & Organizational Governance

Cluster Description

This cluster addresses the building of strategic alliances, appointments of directors and leadership adjustments, and the formation of multinational collaborative entities. Recent commitments highlight evolving governance and partnership structures that support long-term strategic and commercial objectives.

Commitments

• 2025-06-18 – In the context of the satellite connectivity partnership, AST SpaceMobile emphasizes collaborative initiatives (including partnerships with mobile operators and technology partners) to integrate space-based and terrestrial networks.
• 2025-03-03 – Creation of SatCo in Europe to serve as a dedicated entity for delivering space-based broadband, marking a strategic push in multinational commercialization.
• 2025-03-03 – Establishing a definitive long-term commercial agreement with Vodafone, including plans for a joint European distribution entity, to expand service offerings across Europe and Africa.
• 2025-01-29 – Appointment of new directors (Keith Larson and Andrew Johnson) to strengthen board governance and network planning capacities, thereby enhancing strategic decision-making.
• 2024-06-25 – (Earlier but foundational) Realignment of the executive leadership team to accelerate commercialization and full-scale manufacturing, reinforcing the company’s global expansion strategy.