AST SpaceMobile: Pioneering Space-Based Cellular Broadband
AST SpaceMobile (ASTS) is a startup building a space-based cellular broadband network. 1 They have launched their first five BlueBird satellites, which are now operational, providing coverage in areas including the US, Europe, and Japan. 2 They are working with AT&T and Verizon on beta service. 3 Future launches of approximately 60 Block 2 satellites are planned with Blue Origin in 2025 and 2026. 4 A new ASIC chip, planned for 2025, will increase data speeds significantly. 5 ASTS has also secured US government contracts. 6 Financially, they have a strong cash position of $518.9 million and are pursuing non-dilutive financing options. 3 They aim to address the global broadband access gap and capitalize on the growing satellite 5G market.
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