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olivLaw · US equity research

AST SpaceMobile, Inc. ASTS

Communications Services, NEC · SIC 4899 · Vertical: Communications Services, NEC (SIC 4899)

36.33USD−11.33% · 1 dayClose 02 Nov 2026

AST SpaceMobile is building a space-based cellular broadband network accessible directly by standard smartphones, aiming to cover areas without terrestrial signal through partnerships with mobile network operators. The company is now in the launch phase of its Block 2 constellation, with revenue still modest and full-year 2026 guidance set against a range of roughly 150 to 200 million USD.

At the close of 02 Nov 2026, AST SpaceMobile, Inc. (ASTS) stock was 36.33 USD (−11.33% on the day), with beta 2.65, 52-week range 36.33–133.09 USD. Latest reported quarter (Q2 2026): revenue of 31.5 m USD (+2,626.6% YoY), net income of -230.9 m USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
P/E (TTM)
unavailable
E/P (TTM)
unavailable
Dividend yield
unavailable
Beta (2y)
2.65
Volatility (1y) 108%
52-week range
36.33133.09

Price history

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Technical reading

RSI (14)
30.3
weak (30–45)
Bollinger (20, 2)
30.55 – 59.85
in the lower half of the band · %B 0.20 · band width 64.8%
SMA 50 / 200
54.37 / 77.17
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-4.82 / -4.89
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−37.8%−2.3%−35.5 pp—
3 months−42.8%−0.8%−42.0 pp—
6 months−46.9%+4.7%−51.6 pp—
Year to date−50.0%+10.2%−60.1 pp—
1 year−54.7%+10.3%−65.0 pp−18.8%
3 years+777.5%+73.0%+704.5 pp−14.7%
5 years+201.2%+61.8%+139.4 pp—
Max drawdown (1y)
−72.7%
28 May 2026 → 02 Nov 2026
Max drawdown (5y)
−85.6%
16 Aug 2022 → 02 Apr 2024
Compound annual growth (5y)
+24.7%
S&P 500 +10.1%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
31.5 m USD
+2,626.6% YoY
Net income
-230.9 m USD
unavailable YoY
Diluted EPS
unavailable
unavailable YoY
net / operating
-732.6% / unavailable

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue1.1 m1.9 m718.0 k1.2 m14.7 m54.3 m14.7 m31.5 m
Research & development14.7 m5.3 m7.1 m6.4 m5.5 m9.1 m7.1 m7.8 m
Depreciation & amortisation14.5 m8.5 m11.0 m11.7 m12.7 m15.7 m17.6 m20.7 m
Interest expense5.4 m4.0 m4.7 m5.7 m5.7 m15.7 m21.7 m23.6 m
Pre-tax income-302.4 m-51.9 m-63.5 m-135.2 m-163.5 m-95.0 m-248.4 m-298.8 m
Income tax646.0 k156.0 k168.0 k742.0 k374.0 k2.6 m1.2 m1.1 m
Net income-171.9 m-35.9 m-45.7 m-99.4 m-122.9 m-74.0 m-191.0 m-230.9 m
Operating cash flow-33.4 m ≈-28.4 m-28.5 m-43.5 m ≈-64.5 m ≈65.0 m-48.1 m-97.2 m ≈
Capex30.3 m ≈82.0 m120.5 m310.2 m ≈238.4 m ≈395.7 m261.6 m597.6 m ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202020212022⚠ 202320242025
Revenue6.0 m12.4 m13.8 m04.4 m70.9 m
Revenue YoYunavailable+107.9%+11.4%—unavailable+1,511.8%
Net income-52.0 m-30.6 m-31.6 m-87.6 m-300.1 m-341.9 m
Net income YoYunavailableunavailableunavailable—unavailableunavailable
Diluted EPSunavailableunavailableunavailableunavailableunavailableunavailable
Diluted EPS YoYunavailableunavailableunavailable—unavailableunavailable
net %-870.8%-246.3%-228.9%unavailable-6,820.1%-482.2%
Free cash flow-30.9 m-95.2 m-213.7 m-267.7 m-300.3 m-1.1 bn

The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
2.3 bn USD
Financial debt
2.2 bn USD
Net debt
-116.1 m USD
Equity
2.4 bn USD
Total assets
5.0 bn USD
Debt / equity
0.93x
Current ratio
16.35x
ROE
-22.3%
ROA
-11.5%
FCF margin
-1,602.2%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
0
2024
4.4 m
2025
70.9 m

SEC (XBRL)· 02 Mar 2026verified

Cost of revenue
2023
0
2024
—
2025
—

SEC (XBRL)· 01 Apr 2024verified

Gross profit
2023
0
2024
—
2025
—

SEC (XBRL)· 01 Apr 2024verified

Research & development
2023
47.5 m
2024
28.8 m
2025
28.1 m

SEC (XBRL)· 02 Mar 2026verified

Operating income
2023
—
2024
—
2025
—

SEC (XBRL)· 01 Mar 2021verified

Depreciation & amortisation
2023
54.5 m
2024
63.3 m
2025
51.1 m

SEC (XBRL)· 02 Mar 2026verified

EBITDA
2023
—
2024
—
2025
—

SEC (XBRL)· 01 Mar 2021derived

Interest expense
2023
4.5 m
2024
18.7 m
2025
31.8 m

SEC (XBRL)· 02 Mar 2026verified

Pre-tax income
2023
-221.0 m
2024
-525.0 m
2025
-457.1 m

SEC (XBRL)· 02 Mar 2026verified

Income tax
2023
1.7 m
2024
1.3 m
2025
3.9 m

SEC (XBRL)· 02 Mar 2026verified

Net income
2023
-87.6 m
2024
-300.1 m
2025
-341.9 m

SEC (XBRL)· 02 Mar 2026verified

Weighted average diluted shares
2023
81.8 m
2024
154.5 m
2025
256.0 m

SEC (XBRL)· 02 Mar 2026verified

Balance sheet · USD

Cash
2023
85.6 m
2024
565.0 m
2025
2.3 bn

SEC (XBRL)· 02 Mar 2026verified

Receivables
2023
—
2024
1.4 m
2025
37.7 m

SEC (XBRL)· 02 Mar 2026verified

Inventories
2023
—
2024
1.1 m
2025
12.0 m

SEC (XBRL)· 02 Mar 2026verified

Current assets
2023
106.9 m
2024
600.2 m
2025
2.5 bn

SEC (XBRL)· 02 Mar 2026verified

Property, plant & equipment, net
2023
238.5 m
2024
337.7 m
2025
1.4 bn

SEC (XBRL)· 02 Mar 2026verified

Goodwill
2023
—
2024
—
2025
—

SEC (XBRL)· 31 Mar 2023verified

Intangibles (excl. goodwill)
2023
—
2024
—
2025
—

SEC (XBRL)· 31 Mar 2022verified

Total assets
2023
360.9 m
2024
954.6 m
2025
5.0 bn

SEC (XBRL)· 02 Mar 2026verified

Accounts payable
2023
20.6 m
2024
17.0 m
2025
46.8 m

SEC (XBRL)· 02 Mar 2026verified

Short-term debt
2023
252.0 k
2024
2.9 m
2025
12.0 m

SEC (XBRL)· 02 Mar 2026verified

Long-term debt
2023
59.3 m
2024
155.6 m
2025
2.2 bn

SEC (XBRL)· 02 Mar 2026verified

Current liabilities
2023
46.2 m
2024
75.9 m
2025
150.3 m

SEC (XBRL)· 02 Mar 2026verified

Total liabilities
2023
147.3 m
2024
285.4 m
2025
2.6 bn

SEC (XBRL)· 02 Mar 2026verified

Equity
2023
213.6 m
2024
669.1 m
2025
2.4 bn

SEC (XBRL)· 02 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-148.9 m
2024
-126.1 m
2025
-71.5 m

SEC (XBRL)· 02 Mar 2026verified

Capex
2023
118.8 m
2024
174.1 m
2025
1.1 bn

SEC (XBRL)· 02 Mar 2026verified

Free cash flow
2023
-267.7 m ≈
2024
-300.3 m ≈
2025
-1.1 bn ≈

SEC (XBRL)· 02 Mar 2026derived

Investing cash flow
2023
-118.8 m
2024
-174.1 m
2025
-1.5 bn

SEC (XBRL)· 02 Mar 2026verified

Financing cash flow
2023
116.7 m
2024
780.0 m
2025
3.8 bn

SEC (XBRL)· 02 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
1,511.8%
computed by olivLawFY 2025
Revenue CAGR 3Y
72.5%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
64.1%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
input data missing
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
-536.7%
computed by olivLawTTM to 30 Jun 2026
FCF margin
-1,420.7%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-34.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-16.0%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
683.7 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
unavailable
input data missing
Debt / equity
1.2x
computed by olivLawbalance sheet at 30 Jun 2026
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
13.1x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
12.9x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
12.0x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-144.7 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
1.5 bn USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
-1.6 bn USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
251 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 18.8% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

36.33 USD

02 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
-34.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-536.7%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
1,511.8%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Source: SEC (XBRL)published 10 Aug 2026
verified 794derived 73

Score by group

19% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · input data missing
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Multiple comparisons use the SIC vertical: Communications Services, NEC (SIC 4899)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-536.7%0 (vs peers)33%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth72.5%100 (on a fixed band)44%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet13.1x100 (on a fixed band)22%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial100/100 · 1/3 factors with a value
  • Growth· partial100/100 · 1/2 factors with a value
  • Quality· partial0/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

AST SPACEMOBILE, INC. (ASTS). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 70.9 m USD in 2025; YoY growth 1,511.8%; net margin -536.7%; ROE -34.8%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Revenue CAGR 3Y: 72.5%
  • Current ratio: 13.1x

What contradicts it

  • Net margin: -536.7%

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Communications Services, NEC (SIC 4899) · same industry (4-digit SIC) · compared with 19 companies

Multiples and returns vs the median

P/E
—
vertical median 29.0x
EV/EBITDA
—
vertical median —
P/S
—
vertical median 1.6x
P/B
—
vertical median 1.7x
ROE
-34.8%
vertical median -29.3%
below median
Net margin
-536.7%
vertical median -15.0%
below median
EBIT margin
—
vertical median -7.7%
Revenue YoY
1,511.8%
vertical median 2.5%
above median (+59,245.7%)
Net debt/EBITDA
—
vertical median —
Dividend yield
—
vertical median 0.1%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
GSATGlobalstar, Inc.10.5 bn—-16.7%-19.4%+9.0%+37% / +248%
VSATViasat, Inc.10.2 bn—-0.6%-0.6%+2.7%+116% / +262%
ECHOEchoStar Corporation4.7 bn—-33.5%-38.7%−5.2%+34% / +838%
IRDMIridium Communications Inc.4.6 bn29.031.7%18.1%+4.9%+167% / +15%
CALXCalix, Inc2.3 bn48.66.9%4.6%+20.3%−35% / −6%
GOGOGogo Inc.313.0 m—-0.8%-0.1%+104.7%−68% / −77%
CCOICogent Communications Holdings, Inc.309.9 m—-721.5%-4.7%−5.8%−68% / −91%
KVHIKVH Industries, Inc.131.5 m—-4.4%-4.7%−2.5%+21% / +51%
OBAIOur Bond, Inc.69.1 m——-169.7%+2.4%unavailable / unavailable
IOTRiOThree Limited49.7 m—-37.4%-7.9%+40.4%−38% / unavailable
UCLUcloudlink Group Inc.48.3 m10.425.0%7.7%−11.1%−89% / −91%
ANGHAnghami Inc.31.6 m—-270.8%-81.4%unavailable+22% / −85%
AEHLAntelope Enterprise Holdings Ltd30.5 m—-39.2%-10.7%+37.0%−98% / −100%
ELWTElauwit Connection, Inc.28.4 m——-45.3%+154.5%−35% / unavailable
FABCFabric.ai, Inc.13.4 m———−87.2%−43% / −94%
AKANAkanda Corp.2.1 m—-1,830.0%-489.6%+97.5%−96% / −100%
SPIRSpire Global, Inc.——-61.7%-145.2%−35.2%+4% / +68%
TSATTelesat Corporation——-25.0%-37.2%−26.8%+43% / +242%
ASTSAst Spacemobile, Inc.——-34.8%-536.7%+1,511.8%−55% / +778%
BZFDBuzzFeed, Inc.——-92.8%-35.8%−2.4%−3% / −23%

1- and 3-year price returns: for ASTS from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

AST SpaceMobile is building a space-based cellular broadband network accessible directly by standard smartphones, aiming to cover areas without terrestrial signal through partnerships with mobile network operators. The company is now in the launch phase of its Block 2 constellation, with revenue still modest and full-year 2026 guidance set against a range of roughly 150 to 200 million USD 3.

SWOT

Strengths

  • The company holds an extensive patent portfolio and phased-array technology considered the largest in low Earth orbit 12.
  • Partnerships signed with many mobile operators give access to a large pool of potential subscribers 3.
  • The financial position after the July 2026 convertible notes offering gives flexibility for investment 3.

Weaknesses

  • Revenue is still modest relative to development and launch costs 13.
  • The company has a history of losses and has not yet reached profitability 1.
  • Reliance on third parties for launches and components could delay the planned timetable 1.

Opportunities

  • Spectrum expansion through the Ligado and S-Band agreements could open new markets, if approvals are obtained 12.
  • Government contracts for security and emergency applications could increase revenue 3.
  • Vertical integration of satellite manufacturing could reduce unit costs over time 1.

Threats

  • Launch delays or in-orbit failures could seriously affect the commercial timetable 1.
  • Competition from players with greater resources could reduce market share 1.
  • Changes in regulation or trade policy could slow the launch of the service in some countries 2.

Risks

  • Development delayshigh

    The system is new and complex, and launches have already been delayed; further delays could postpone revenue.

  • Funding needhigh

    The company will need additional capital for the constellation, and financing terms are not assured.

  • Dilution for shareholdersmedium

    Share issuances and convertible notes could reduce the stake of existing shareholders.

  • Regulatory approvalshigh

    The service requires spectrum and operating approvals in each jurisdiction, which may be delayed or refused.

  • Dependence on third-party operatorsmedium

    Revenue depends on agreements with mobile operators, which could be renegotiated or terminated.

Investment thesis

What would need to be true (bull case)

  • If the service starts on time, the company could capture a large market of subscribers without terrestrial coverage, with partnerships already signed.
  • The patent portfolio and large-aperture antenna technology could provide a lasting competitive advantage.
  • Government contracts and a growing backlog could stabilise revenue over the medium term.

What would break the thesis

  • If launches keep slipping, revenue could remain low and capital costs could rise.
  • The company has historical losses and could need to issue new shares, diluting existing shareholders.
  • Competition from mobile operators and new technologies could limit market share.

What to watch

  • Block 2 launches and whether the planned cadence is met2026
  • Delivery against full-year 2026 revenue guidance2026
  • Launch of the beta service with partner operators2026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

AST SpaceMobile develops a mobile and broadband service delivered by satellites in low Earth orbit that works with standard phones without extra equipment 1. The business model relies on working with mobile network operators who offer the service to their customers, with the company intending to use a revenue-sharing model 1. So far revenue comes from contracts with the U.S. government and gateway equipment sales to operators 13.

Segments

Commercial service through mobile operators

The SpaceMobile Service is aimed at customers of mobile network operators, which could extend coverage without building land towers 1. The company has signed partnerships with over 60 operators 3.

Trends

  • Expansion of available spectrumtailwind

    The Ligado agreement and the acquired S-Band ITU rights could substantially expand available spectrum, if regulatory approvals are obtained 12.

  • Maturing direct-to-device markettailwind

    Mobile operators in the U.S., Europe and Asia are exploring satellite solutions, creating demand for the company's service 3.

  • High capital requirementsheadwind

    The estimated cost per satellite and the need for ongoing funding could pressure the balance sheet if launches slip 1.

  • Regulation and trade policymixed

    The need for regulatory approvals for spectrum and launches, along with changes in U.S. trade policy, could slow the timetable 2.

Competitive position

The company faces competition from mobile operators, other satellite operators and the extension of terrestrial networks or new technologies 1. Direct-to-device satellite communications is a segment where competition is intensifying, and competitors may have greater resources 1.

  • Other satellite operators offering direct-to-device services

    The source refers to satellite operators that could offer similar services, without naming them in the available text.

  • Terrestrial mobile operators

    Mobile operators can extend terrestrial coverage or launch their own solutions, reducing the need for satellite services.

  • New technology providers

    New technologies could make the service obsolete or compete for the same demand, according to the risk factors.

  • Non-satellite wireless communications companies

    The company cites competition from the wider wireless communications industry.

News & filings

In the press

The latest news item in our archive is from 13 Oct 2026; the newest SEC filing is from 20 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

SEC filings

  • Current report20 Oct 2026
    Departure or appointment of officers
  • Current report28 Sept 2026
    Departure or appointment of officers · Financial statements and exhibits
  • Quarterly report10 Aug 2026
  • Current report10 Aug 2026
    Results of operations · Regulation FD disclosure · Financial statements and exhibits
  • Current report20 Jul 2026
    Material agreement · Creation of a direct financial obligation · Item 3.02 · Other events · Financial statements and exhibits
  • Current report15 Jul 2026
    Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
  • Current report15 Jun 2026
    Shareholder vote · Financial statements and exhibits
  • Quarterly report11 May 2026
  • Current report11 May 2026
    Results of operations · Regulation FD disclosure · Financial statements and exhibits
  • Proxy statement28 Apr 2026

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / AST SpaceMobile, Inc. · 02 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / AST SpaceMobile, Inc. · 10 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / AST SpaceMobile, Inc. · 10 Aug 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

AST SpaceMobile, Inc. (ASTS): stock, results, valuation and forecast · olivLaw