AST SpaceMobile Eyes Broader Satellite Rollout After Commercial Wins
Q3 Results Show Revenue Growth, Major U.S. and Middle East Partnerships, and Confident Expansion Plans for 2026
AST SpaceMobile added to its commercial momentum by signing new multi-year agreements with Verizon and Saudi Arabia’s stc Group, even as third-quarter results showed a net loss and revenues fell short of analyst forecasts. The company, which operates from Midland, Texas, aims to accelerate its satellite deployment in the coming months while laying groundwork for nationwide and global service coverage.
“During the past few months, commercial activity has significantly accelerated, demonstrating the robust demand for our solution across the ecosystem.”
Abel Avellan, AST SpaceMobile
The company reported third-quarter 2025 revenue of $14.7 million, primarily from government contracts and gateway equipment sales, a significant jump from $2 million last quarter. Net loss for the quarter reached $163.8 million as AST SpaceMobile continued heavy investments in satellite technology and infrastructure. Despite the wider-than-expected loss, AST SpaceMobile’s stock price rose by 3.3% in aftermarket trading, signaling investor optimism about long-term prospects.
“AST SpaceMobile continues to lead the direct-to-device space-based cellular broadband industry,” commented Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile. “During the past few months, commercial activity has significantly accelerated, demonstrating the robust demand for our solution across the ecosystem.
“Our definitive commercial agreements with Verizon and stc Group are milestone achievements, representing transformational partnerships stemming from our commercial and network operator partner strategy as we continue to build long-term commercial relationships with industry leaders around the world, which includes agreements with over 50 MNO partners with nearly 3 billion subscribers globally,” Avellan said.
Recent deals drive optimism for broader coverage: A 10-year, $175 million prepayment agreement with stc Group targets expansion across Saudi Arabia and the MENA region, while the Verizon pact aims at full coverage across the continental U.S. The company announced aggregate contracted revenue commitments exceeding $1 billion and expects fourth-quarter revenue between $50 million and $75 million as service activation begins in key markets like the U.S., Canada, Japan, Saudi Arabia, and the United Kingdom in early 2026.
AST SpaceMobile closed new funding rounds totaling over $1.15 billion in October 2025, alongside access to more than $3.2 billion in total liquidity. Leadership signaled confidence that resources are sufficient to support manufacturing and launching more than 100 satellites for global direct-to-smartphone broadband access.
Through the third quarter of 2025, the company says it remained on target to execute against its plans to bring its direct-to-device service to market in the coming periods as it looks to launch Block 2 Bluebird satellites beginning in December.