New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$213m net loss next year). Shareholders have been diluted in the past year (18% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.6m sold). Live News • Jun 10
AST SpaceMobile Secures FCC Approval for Satellite Network and Sets June 2026 Falcon 9 Launch AST SpaceMobile received FCC authorization for commercial operations of up to 248 satellites, supporting its plan to deliver direct-to-device cellular broadband coverage across the U.S.
The company is targeting deployment of about 45 BlueBird satellites by the end of 2026, with the BlueBird 8, 9 and 10 satellites scheduled to launch on a SpaceX Falcon 9 on June 17, 2026.
AST SpaceMobile reported Q1 2026 net loss of US$191 million and expects a US$155 to 160 million asset write-off related to the BlueBird 7 loss, partly offset by insurance, while holding contracted revenue commitments above US$1.2 billion and 2026 revenue guidance of US$150 to 200 million.
Regulatory clearance, large contracted commitments and an active launch schedule indicate that the business is moving from technology proof-of-concept toward a more commercial footing, even as it absorbs a material satellite loss.
You should weigh the execution risk around upcoming launches and the company’s loss profile against its carrier partnerships with nearly 60 mobile network operators and its exposure to rising investor interest in space-related stocks tied to the planned SpaceX IPO. Live News • Jun 03
AST SpaceMobile Gains Investor Focus With New Partnerships and Satellite Deployment Plan SpaceX’s high-profile IPO filing has lifted sentiment across space stocks, with AST SpaceMobile moving sharply higher alongside peers such as Rocket Lab and Planet Labs.
AST SpaceMobile is working toward deploying about 45 BlueBird satellites by the end of 2026. It is backed by FCC authorization for up to 248 satellites and partnerships with nearly 60 mobile operators, including AT&T, Verizon and T-Mobile.
The company reported a Q1 2026 net loss of about US$191 million, including a write-off linked to the BlueBird 7 launch failure. It also faces additional execution risk after a Blue Origin rocket explosion raised concerns about launch timelines.
Taken together, AST SpaceMobile is seeing stronger investor attention and a clearer regulatory path, while still carrying significant operational and capital intensity risks as it builds out its network and navigates launch dependencies.
If you are considering the stock, the key issues to watch are satellite deployment cadence, use of contracted revenue commitments of over US$1.2 billion, and how management manages costs and potential schedule setbacks relative to its 2026 revenue guidance of US$150 million to US$200 million. Buy Or Sell Opportunity • May 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to US$130. The fair value is estimated to be US$107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 120% over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 271% in a year. Earnings are forecast to grow by 56% in the next year. Major Estimate Revision • May 18
Consensus EPS estimates fall by 61% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$181.1m to US$169.1m. Losses expected to increase from US$0.88 per share to US$1.42. Telecom industry in the US expected to see average net income growth of 15% next year. Consensus price target down from US$86.40 to US$83.90. Share price was steady at US$83.67 over the past week. Recent Insider Transactions • May 17
Lead Independent Director recently sold US$1.1m worth of stock On the 13th of May, Julio Torres sold around 15k shares on-market at roughly US$76.34 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.8m more than they bought in the last 12 months. Announcement • May 13
AST SpaceMobile, Inc. Reaffirms Earnings Guidance for the Full Year 2026 AST SpaceMobile, Inc. reaffirmed earnings guidance for the full year 2026. For the year, the company expected revenues to be on track to achieve revenue of $150.0 million to $200.0 million, primarily driven bymobile network partners and the U.S. Government. New Risk • May 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$487m Forecast net loss in 1 year: US$213m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$213m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • May 12
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$0.66 loss per share (further deteriorated from US$0.20 loss in 1Q 2025). Revenue: US$14.7m (up US$14.0m from 1Q 2025). Net loss: US$191.0m (loss widened 318% from 1Q 2025). Revenue missed analyst estimates by 60%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 146% per year, which means it is well ahead of earnings. Announcement • Apr 30
AST SpaceMobile, Inc., Annual General Meeting, Jun 12, 2026 AST SpaceMobile, Inc., Annual General Meeting, Jun 12, 2026. Announcement • Apr 23
AST SpaceMobile Receives FCC Approval To Deliver Direct-To-Device Cellular Broadband From Space AST SpaceMobile, Inc. had the Federal Communications Commission (FCC) grant its application to modify its authorization to launch and operate its SpaceMobile non-geostationary orbit (NGSO) satellite system in low Earth orbit (LEO). The authorization enables AST SpaceMobile to deploy and operate an NGSO constellation of up to 248 satellites to deliver Supplemental Coverage from Space (SCS) directly to unmodified mobile devices across the United States, using premium low-band spectrum - 700 MHz and 800 MHz - which offers superior penetration and coverage characteristics, in coordination with its mobile network operators strategic partners Verizon, AT&T, and FirstNet. The grant reflects the Commission’s recognition of AST SpaceMobile’s ability to operate alongside existing terrestrial networks while managing interference and complying with applicable technical requirements, further validating the company’s unique technology and system design. It also supports the broader regulatory framework for AST SpaceMobile’s global deployment, enabling country-by-country authorizations across multiple frequency bands. AST SpaceMobile system is designed to operate across a broad range of frequency bands supporting feeder links, telemetry, tracking, and command (TT&C), and service links globally, with updated technical parameters designed to enhance performance and efficiency, including low-band cellular spectrum for direct-to-device service links in the United States and globally, V-band spectrum for gateway and feeder link operations (37.5–42.0 GHz, 45.5-47 GHz, 47.2–50.2 GHz, 50.4–51.4 GHz), S-band and UHF spectrum for TT&C operations. Announcement • Apr 20
AST SpaceMobile Addresses Orbital Launch Of BlueBird 7 On New Glenn Launch Vehicle AST SpaceMobile, Inc. addressed the orbital launch of BlueBird 7 on the New Glenn launch vehicle. During the New Glenn 3 mission, BlueBird 7 was placed into a lower than planned orbit by the upper stage of the launch vehicle. While the satellite separated from the launch vehicle and powered on, the altitude is too low to sustain operations with its on-board thruster technology and will de-orbited. The cost of the satellite is expected to be recovered under the company’s insurance policy. BlueBird 7 would have been AST SpaceMobile’s eighth deployed into low Earth orbit and is one of many planned for its space-based cellular broadband network. The company is currently in production through BlueBird 32, with BlueBird 8 to 10 expected to be ready to ship in approximately 30 days. The company continues to expect an orbital launch every one to two months on average during 2026, supported by agreements with multiple launch providers, and it continues to target approximately 45 satellites in orbit by the end of 2026. Announcement • Apr 17
AST SpaceMobile Inc Announces BlueBird 7 Launch AST SpaceMobile, Inc. announced that BlueBird 7 is scheduled to launch from the Kennedy Space Center Visitor Complex in Cape Canaveral, Florida. The orbital launch is scheduled with a 6:45 am through 8:45 am EDT window, on Blue Origin’s New Glenn-3 mission from Cape Canaveral Space Force Station. BlueBird 7 has the largest communications array ever deployed in low Earth orbit and is designed to deliver space based cellular broadband connectivity to everyday smartphones. BlueBird 7 is part of AST SpaceMobile’s next-generation commercial satellites designed to deliver direct-to-device cellular broadband connectivity from space to standard, unmodified smartphones, expected to greatly exceed 120 Mbps peak data speeds. The next-generation BlueBird satellites feature a phased-array antenna spanning approximately 2,400 square feet, engineered to support the power and sensitivity required to connect directly to everyday mobile phones from low Earth orbit. These satellites are designed to support full 4G and 5G broadband speeds, including voice, data, and video services. To be eligible to attend the launch event in person, retail investors must hold shares, must have been shareholders for at least 6 months, and must be shareholders at the time of application. Registration will close at 8 pm EDT on Friday, April 17, 2026. AST SpaceMobile might conduct a random drawing among registrants to attend this historic launch event if the number of registrations exceed the venue capacity. AST SpaceMobile has more than 3,850 patents and patent-pending claims with 95% vertically integrated manufacturing across testing facilities in Midland, Texas and beyond, collectively spanning nearly 500,000 square feet. The company has agreements with over 50 mobile network operators globally with nearly 3 billion subscribers combined and strategic partnerships with AT&T, Verizon, Vodafone, Rakuten, Google, American Tower, Bell and stc Group. The exact timing of orbital launches is subject to change based on a number of factors, including launch readiness of the launch provider, weather conditions, and other factors, many of which are beyond control. Members of the public will be able to watch a live broadcast on the launch day on AST SpaceMobile's YouTube channel. Major Estimate Revision • Mar 09
Consensus EPS estimates upgraded to US$0.88 loss, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$193.0m to US$181.1m. 2026 losses expected to reduce from -US$1.01 to -US$0.881 per share. Telecom industry in the US expected to see average net income growth of 2.3% next year. Consensus price target up from US$80.39 to US$88.53. Share price rose 13% to US$89.48 over the past week. Price Target Changed • Mar 04
Price target increased by 11% to US$89.08 Up from US$80.39, the current price target is an average from 8 analysts. New target price is 15% below last closing price of US$105. Stock is up 210% over the past year. The company is forecast to post a net loss per share of US$0.88 next year compared to a net loss per share of US$1.34 last year. Reported Earnings • Mar 03
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$1.34 loss per share. Revenue: US$70.9m (up US$66.5m from FY 2024). Net loss: US$341.9m (loss widened 14% from FY 2024). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Buy Or Sell Opportunity • Feb 27
Now 24% undervalued Over the last 90 days, the stock has risen 41% to US$79.19. The fair value is estimated to be US$104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 759% in a year. Earnings are forecast to decline by 14% in the next year. Announcement • Feb 20
AST SpaceMobile, Inc. to Report Q4, 2025 Results on Mar 02, 2026 AST SpaceMobile, Inc. announced that they will report Q4, 2025 results on Mar 02, 2026 Price Target Changed • Feb 12
Price target increased by 9.4% to US$81.64 Up from US$74.64, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of US$82.22. Stock is up 174% over the past year. The company is forecast to post a net loss per share of US$1.26 next year compared to a net loss per share of US$1.94 last year. Buy Or Sell Opportunity • Feb 12
Now 22% undervalued Over the last 90 days, the stock has risen 34% to US$82.22. The fair value is estimated to be US$106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 757% in a year. Earnings are forecast to decline by 13% in the next year. Announcement • Feb 12
AST SpaceMobile, Inc. has filed a Follow-on Equity Offering. AST SpaceMobile, Inc. has filed a Follow-on Equity Offering.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 6,337,964
Transaction Features: Registered Direct Offering Announcement • Feb 11
AST SpaceMobile, Inc. Successfully Completes Unfolding of BlueBird 6, the Largest Commercial Communications Array Antenna Ever Deployed in Low Earth Orbit AST SpaceMobile, Inc. announced the successful unfolding of its next-generation BlueBird 6 satellite. BlueBird 6 features the largest commercial communications array antenna ever deployed in Low Earth Orbit (LEO). Spanning approximately 2,400 square feet, the satellite is engineered to support peak data speeds of up to 120 Mbps with plans to deliver up to ten times the bandwidth capacity of the BlueBird 1-5 series. The aperture enables full 4G and 5G cellular broadband services, including voice, data, and video to standard, unmodified smartphones everywhere. The company is on track to launch 45–60 satellites by the end of 2026, with launches planned every one or two months on average. The performance of BlueBird 6 is driven by several major breakthroughs in space-based architecture. The massive antenna array significantly allows the satellite to reliably transmit and receive signals from standard handheld devices. Furthermore, the large aperture enables highly precise beamforming, creating narrower, more focused coverage areas. This precision minimizes interference, maximizes network capacity, and ensures consistent, high-quality user experience for cellular broadband services, including voice, data, and video. This milestone represents years of innovation and proprietary engineering, supported by more than 3,800 patent and patent pending claims, and is yet another step in the Company’s execution of its commercial roadmap, validating its differentiated, vertically integrated manufacturing and technology platform. The company operates nearly 500,000 square feet of manufacturing and operations facilities and employs a workforce of nearly 1,800 people. The company is 95% vertically integrated, maintaining strict United States control over the manufacturing process. AST SpaceMobile has agreements with over 50 mobile network operators globally with nearly 3 billion subscribers combined and strategic partnerships with AT&T, Verizon, Vodafone, Rakuten, Google, American Tower, Bell and stc Group. Announcement • Jan 22
Ast Spacemobile, Inc. Announces Timing of Bluebird 7 Orbital Launch, Advancing Direct-To-Device Cellular Broadband Connectivity AST SpaceMobile, Inc. announced the launch timing for its BlueBird 7 mission. The launch is scheduled for late February from Launch Complex 36 at Cape Canaveral Space Force Station on Blue Origin's New Glenn launch vehicle. Identical to BlueBird 6, BlueBird 7 is the second satellite in AST SpaceMobile's next-generation campaign. At nearly 2,400 square feet, it features the commercial communications array in low Earth orbit, 3.5 times larger than BlueB birds 1-5. Its unprecedented size and cutting-edge design, built on significant technical innovation and supported by more than 3,800 patent and patent-pending claims, enable peak data rates of up to 120 Mbps space-based broadband connectivity for voice, data, and streaming. The next generation BlueB birds are designed to be compatible with all major launch vehicles. Future missions on New Glenn are expected to deliver up to 8 next generation BlueB birds per flight, with its seven-meter fairing enabling twice the payload volume of five-meter class commercial launch systems. AST SpaceMobile's mission is to enable 4G and 5G space-based cellular broadband for billions globally without requiring any changes to mobile devices. Members of the public will be able to watch a live broadcast on the launch day on AST SpaceMobile's YouTube channel. The exact timing of orbital launch is subject to change based on a number of factors, including launch readiness of the launcher system, weather conditions, and other factors, many of which are beyond control. Price Target Changed • Jan 20
Price target increased by 14% to US$81.64 Up from US$71.51, the current price target is an average from 8 analysts. New target price is 27% below last closing price of US$112. Stock is up 387% over the past year. The company is forecast to post a net loss per share of US$1.26 next year compared to a net loss per share of US$1.94 last year. New Risk • Jan 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.8m sold). Announcement • Jan 19
Ast Spacemobile, Inc. Announces Resignation of Hiroshi Mikitani from Board, Effective from January 13, 2026 On January 13, 2026, Mr. Mikitani notified AST SpaceMobile, Inc. (the “Company”) of his resignation from the Board, effective on the same date. Mr. Mikitani was a member of the Network Planning & Spectrum Committee. The decision of Mr. Mikitani to resign from the Board was not a result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices. Recent Insider Transactions • Dec 18
Executive VP & COO recently sold US$773k worth of stock On the 10th of December, Shanti Gupta sold around 10k shares on-market at roughly US$77.34 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shanti has been a net seller over the last 12 months, reducing personal holdings by US$2.4m. Recent Insider Transactions • Dec 17
Executive VP & COO recently sold US$773k worth of stock On the 10th of December, Shanti Gupta sold around 10k shares on-market at roughly US$77.34 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shanti has been a net seller over the last 12 months, reducing personal holdings by US$2.4m. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.0m sold). Announcement • Nov 22
AST SpaceMobile, Inc Announces BlueBird 6 Launch Date, the Largest Commercial Communications Array Ever Deployed in Low Earth Orbit AST SpaceMobile, Inc. announced BlueBird 6, a U.S. licensed satellite, is scheduled to launch on December 15th from the Satish Dhawan Space Center in India. BlueBird 6 is the first of AST SpaceMobile's next-generation satellites. When launched, it will feature the largest commercial phased array in low Earth orbit at nearly 2,400 square feet. This represents a 3.5 times increase in size over BlueBird's 1-5 and supports 10 times the data capacity. Announcement • Nov 15
AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $23.908754 million. AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $23.908754 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 381,990
Price\Range: $62.59
Transaction Features: Registered Direct Offering Reported Earnings • Nov 11
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.45 loss per share (improved from US$1.11 loss in 3Q 2024). Revenue: US$14.7m (up US$13.6m from 3Q 2024). Net loss: US$122.9m (loss narrowed 28% from 3Q 2024). Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 108% per year, which means it is well ahead of earnings. Announcement • Nov 11
AST SpaceMobile, Inc. Reiterates Revenue Guidance for the Second-Half 2025 AST SpaceMobile, Inc. reiterated revenue guidance for the second-half 2025. Company reiterated its second-half 2025 revenue guidance of $50.0 million to $75.0 million. New Risk • Oct 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.0m sold). Revenue is less than US$5m (US$4.9m revenue). Announcement • Oct 30
AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $161.06002 million. AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $161.06002 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 2,048,849
Price\Range: $78.61
Transaction Features: Registered Direct Offering Announcement • Oct 28
AST SpaceMobile, Inc. to Report Q3, 2025 Results on Nov 10, 2025 AST SpaceMobile, Inc. announced that they will report Q3, 2025 results on Nov 10, 2025 Price Target Changed • Oct 23
Price target increased by 15% to US$58.24 Up from US$50.74, the current price target is an average from 8 analysts. New target price is 19% below last closing price of US$71.72. Stock is up 186% over the past year. The company is forecast to post a net loss per share of US$1.08 next year compared to a net loss per share of US$1.94 last year. Announcement • Oct 22
AST SpaceMobile, Inc. has filed a Follow-on Equity Offering. AST SpaceMobile, Inc. has filed a Follow-on Equity Offering.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: Registered Direct Offering Price Target Changed • Oct 08
Price target increased by 13% to US$53.86 Up from US$47.86, the current price target is an average from 8 analysts. New target price is 34% below last closing price of US$81.20. Stock is up 259% over the past year. The company is forecast to post a net loss per share of US$1.02 next year compared to a net loss per share of US$1.94 last year. Announcement • Oct 07
AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $800 million. AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $800 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 11,806,375
Price\Range: $67.76
Transaction Features: At the Market Offering Recent Insider Transactions Derivative • Sep 05
Executive VP & CTO exercised options and sold US$768k worth of stock On the 3rd of September, Huiwen Yao exercised 40.00k options at around US$0.064, then sold 16k of the shares acquired at an average of US$48.04 per share and kept the remainder. Since December 2024, Huiwen's direct individual holding has decreased from 55.00k shares to 20.75k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 28
Executive VP recently sold US$1.0m worth of stock On the 26th of August, Andrew Johnson sold around 20k shares on-market at roughly US$52.48 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.8m. This was Andrew's only on-market trade for the last 12 months. Reported Earnings • Aug 12
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.41 loss per share. Net loss: US$99.4m (loss widened 37% from 2Q 2024). Revenue missed analyst estimates by 81%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in the US. New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Significant insider selling over the past 3 months (US$4.4m sold). Revenue is less than US$5m (US$4.6m revenue). Price Target Changed • Aug 01
Price target increased by 7.9% to US$48.91 Up from US$45.34, the current price target is an average from 7 analysts. New target price is 6.8% below last closing price of US$52.46. Stock is up 183% over the past year. The company is forecast to post a net loss per share of US$0.98 next year compared to a net loss per share of US$1.94 last year. Announcement • Jul 15
AST SpaceMobile, Inc. announced that it has received $203.299994 million in funding from Google LLC AST SpaceMobile, Inc announced a private placement of 8,900,000 shares at price $22.842696 for gross proceeds $20,32,99,994.4 on July 14, 2025. The transaction includes participation from Google New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Significant insider selling over the past 3 months (US$4.4m sold). Revenue is less than US$5m (US$4.6m revenue). New Risk • Jun 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Significant insider selling over the past 3 months (US$4.4m sold). Revenue is less than US$5m (US$4.6m revenue). Announcement • Jun 27
AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $502.943263 million. AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $502.943263 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 9,450,268
Price\Range: $53.22
Transaction Features: Registered Direct Offering Announcement • Jun 26
AST SpaceMobile, Inc. & Fairwinds Technologies Demonstrate World's First Tactical NTN Connectivity over Standard Mobile Devices AST SpaceMobile, Inc. announced the successful demonstration of the world's first Non-Terrestrial Network (NTN) tactical satellite communications delivering high-throughput data, voice, and video using unmodified mobile devices in collaboration with Fairwinds Technologies (a privately held company). The field test showcased key defense-related use cases, including real-time connectivity to the Tactical Assault Kit (TAK) over a VPN, multimedia streaming via TAK, and secure multi-party video calls, all executed on standard, unmodified smartphones. This milestone demonstration was conducted near AST SpaceMobile's gateway facility on Oahu, Hawaii, with active participation from U.S. Indo-Pacific Command (USINDOPACOM), including representation from the U.S. Navy, Marine Corps, Army, U.S. Space Command, and the Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E) FutureG team. Announcement • Jun 25
AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $502.943263 million. AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $502.943263 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 9,450,268
Price\Range: $53.22
Transaction Features: Registered Direct Offering Breakeven Date Change • Jun 24
Forecast to breakeven in 2027 The 5 analysts covering AST SpaceMobile expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$562.0m in 2027. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Recent Insider Transactions • Jun 11
President & Chief Strategy Officer recently sold US$1.8m worth of stock On the 9th of June, Scott Wisniewski sold around 50k shares on-market at roughly US$35.65 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by US$2.9m. New Risk • Jun 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (US$4.0m sold). Revenue is less than US$5m (US$4.6m revenue). Recent Insider Transactions • May 20
Executive VP & CTO recently sold US$1.5m worth of stock On the 16th of May, Huiwen Yao sold around 55k shares on-market at roughly US$26.82 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$7.1m more than they bought in the last 12 months. Major Estimate Revision • May 19
Consensus revenue estimates increase by 22%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$50.9m to US$62.1m. EPS estimate fell from -US$0.898 to -US$0.985 per share. Telecom industry in the US expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at US$41.77. Share price was steady at US$26.66 over the past week. Recent Insider Transactions Derivative • May 18
Executive VP & CTO notifies of intention to sell stock Huiwen Yao intends to sell 55k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of May. If the sale is conducted around the recent share price of US$25.88, it would amount to US$1.4m. Since September 2024, Huiwen's direct individual holding has decreased from 762.43k shares to 55.00k. Company insiders have collectively sold US$5.6m more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 13
AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $500 million. AST SpaceMobile, Inc. has filed a Follow-on Equity Offering in the amount of $500 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • May 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$300m free cash flow). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (US$2.5m sold). Revenue is less than US$5m (US$4.4m revenue). New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$300m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Significant insider selling over the past 3 months (US$2.5m sold). Revenue is less than US$5m (US$4.4m revenue). Recent Insider Transactions • Mar 20
President & Chief Strategy Officer recently sold US$1.0m worth of stock On the 17th of March, Scott Wisniewski sold around 36k shares on-market at roughly US$28.35 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by US$1.1m. Recent Insider Transactions • Mar 16
Lead Independent Director recently sold US$615k worth of stock On the 10th of March, Julio Torres sold around 20k shares on-market at roughly US$30.73 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.9m more than they bought in the last 12 months. Major Estimate Revision • Mar 10
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$67.6m to US$51.9m. Forecast losses increased from -US$0.664 to -US$0.898 per share. Telecom industry in the US expected to see average net income growth of 39% next year. Consensus price target up from US$34.20 to US$37.20. Share price rose 30% to US$33.40 over the past week. Price Target Changed • Mar 06
Price target increased by 8.8% to US$37.20 Up from US$34.20, the current price target is an average from 6 analysts. New target price is 16% above last closing price of US$32.18. Stock is up 991% over the past year. The company is forecast to post a net loss per share of US$0.90 next year compared to a net loss per share of US$1.94 last year. New Risk • Mar 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$300m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$300m free cash flow). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (US$4.4m revenue). New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (US$4.4m revenue). Announcement • Feb 19
AST SpaceMobile, Inc. to Report Q4, 2024 Results on Mar 03, 2025 AST SpaceMobile, Inc. announced that they will report Q4, 2024 results at 5:00 PM, US Eastern Standard Time on Mar 03, 2025 Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Johan Wibergh was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 03
AST SpaceMobile, Inc., Annual General Meeting, May 15, 2025 AST SpaceMobile, Inc., Annual General Meeting, May 15, 2025. New Risk • Jan 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$237m free cash flow). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (US$2.5m revenue). Price Target Changed • Jan 24
Price target decreased by 7.7% to US$35.04 Down from US$37.98, the current price target is an average from 5 analysts. New target price is 72% above last closing price of US$20.35. Stock is up 629% over the past year. The company is forecast to post a net loss per share of US$1.74 next year compared to a net loss per share of US$1.07 last year. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$237m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (US$2.5m revenue). Breakeven Date Change • Dec 31
Forecast to breakeven in 2027 The 4 analysts covering AST SpaceMobile expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$948.7m in 2027. Average annual earnings growth of 57% is required to achieve expected profit on schedule. New Risk • Dec 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 69% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$237m free cash flow). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.1m sold). Revenue is less than US$5m (US$2.5m revenue). New Risk • Dec 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 69% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$237m free cash flow). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$3.2m sold). Revenue is less than US$5m (US$2.5m revenue). New Risk • Nov 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$237m free cash flow). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Significant insider selling over the past 3 months (US$3.2m sold). Revenue is less than US$5m (US$2.5m revenue). Breakeven Date Change • Nov 18
No longer forecast to breakeven The 4 analysts covering AST SpaceMobile no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$37.0m in 2026. New consensus forecast suggests the company will make a loss of US$95.2m in 2026. New Risk • Nov 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$237m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$237m free cash flow). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Significant insider selling over the past 3 months (US$3.2m sold). Revenue is less than US$5m (US$2.5m revenue). Announcement • Oct 28
AST SpaceMobile, Inc. Completes Unfolding of First Five Commercial Satellites in Low Earth Orbit AST SpaceMobile, Inc. announced the successful unfolding of its first five commercial satellites, BlueB birds 1-5. With this significant post-launch technical activity now complete, ahead of schedule at 6 weeks after the launch of the satellites, the BlueB birds are now preparing for commercial and US government operations. AST SpaceMobile's technology features large, phased array antennas supported by over 3,450 patent and patent-pending claims. This innovative design aims to extend cellular coverage globally, eliminating dead zones and delivering space-based cellular broadband connectivity to underserved regions. These advanced phased arrays, the largest ever deployed commercially in low Earth orbit, connect directly to standard smartphones at broadband speeds. This eliminates the need for specialized equipment, enabling seamless use with existing mobile phones while enhancing and complementing mobile operator networks. AST SpaceMobile's technology also offers significant advantages for government applications, with its dual-use capability supporting both communications and non-communications use cases. The company's innovative approach positions it to deliver advanced space-based solutions for a range of strategic needs, providing scalable, secure, and reliable connectivity to support various government missions. Recent Insider Transactions • Oct 15
EVP & CTO recently sold US$1.1m worth of stock On the 8th of October, Huiwen Yao sold around 45k shares on-market at roughly US$24.26 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.1m. Insiders have been net sellers, collectively disposing of US$3.1m more than they bought in the last 12 months. 
