AST SpaceMobile, Inc. reported its business update and third-quarter financial results for the period ended September 30, 2026. The company announced that it is advancing to service readiness, with initial, intermittent nationwide coverage expected in key markets by the end of 2026. This rollout will begin with strategic partners in the United States, Canada, Japan, Saudi Arabia, and the United Kingdom.

AST SpaceMobile stated it expects to work with all major mobile network operators in the United States and Europe. The company claims to have a potential commercial ecosystem of over 60 mobile network operators representing over 3 billion subscribers. The company also noted that it successfully validated the first-ever satellite beam handovers between ground-based and space-based cellular broadband networks with partner AT&T in the United States.

In terms of manufacturing, AST SpaceMobile is transitioning to full-scale ASIC integration, beginning with BlueBird 34, while advancing production through BlueBird 51. The company expects to achieve a production rate of six ASIC satellites per month in December 2026. As of September 30, 2026, the company had approximately $3.2 billion in cash, cash equivalents, and restricted cash.

On the financial front, third-quarter revenue grew to $42.3 million from commercial and U.S. government customers. Total operating expenses for the third quarter were $211.0 million, a decrease of $118.1 million compared to the second quarter of 2026, largely due to a loss on involuntary conversion in the prior quarter.

AST SpaceMobile secured $1.0 billion in non-dilutive funding from the Japan Ministry of Internal Affairs and Communications for the manufacturing and launch of midband satellites. Additionally, the company announced Blacklift, its own 20-ton reusable rocket, intended to deploy BlueBird satellites into low Earth orbit starting in late 2028. The company also secured a United States Defense Priorities and Allocations System (DPAS) rating for its dual-use government and commercial satellite program.

AST SpaceMobile reported that it has been awarded a U.S. Space Force Contract for advanced space-based sensing capabilities (SB-AMTI) with approximately $100 million in revenue, bringing the total number of U.S. Government awards to 16. The company remains on target to achieve revenue guidance of $150.0 million to $200.0 million for 2026.