$ASTS AST SpaceMobile’s Q1 2025 business update and financial results: - Five satellite launches scheduled in next 6–9 months; aim for launches every 1–2 months through 2025–2026. - First Block 2 BlueBird satellite to launch July 2025; manufacturing cadence of 6 satellites/month targeted by Q3. - Projected $50M–$75M in revenue for 2H 2025. - Key partnerships with AT&T, Verizon, Vodafone, and Rakuten using premium low-band spectrum. - Ongoing successful live demonstrations of broadband video calls via satellite using unmodified smartphones. - $43M Space Development Agency contract ramping up. - New DIU contract worth up to $20M for multi-agency connectivity (land, sea, air). - Gateway equipment bookings of $13.6M in Q1; $10M per quarter expected going forward. - Key approvals in progress; secured temporary FCC authority for FirstNet and agreements with NSF. - Positioned for full U.S. and European regulatory clearance. - Signed deals for long-term access to 45 MHz of premium mid-band spectrum. - $874.5M in cash and equivalents as of Q1 2025. - In early phases for over $500M in potential non-dilutive capital from EXIM and IFC.