AST SpaceMobile Shipped 3 More BlueBird Satellites to Cape Canaveral. Here's How Many It Needs in Orbit Before Revenue Shows Up.
Key PointsAST is getting ready to launch three more BlueBird satellites, but it’s still far from its near-term target of 45 to 60 satellites.
AST SpaceMobile is preparing to launch three additional BlueBird satellites, according to Nasdaq Markets. The company is working toward a near-term target of having between 45 and 60 satellites in orbit.
The Motley Fool reports that the developer of low Earth orbit satellites has successfully launched 13 BlueBird satellites to date. These satellites are larger than SpaceX's Starlink satellites and are designed to help telecommunications companies like Verizon and AT&T expand cellular networks into remote areas. While AST SpaceMobile is working with more than 60 carriers to reach over 3 billion wireless subscribers, it does not yet generate recurring commercial revenue.
Currently, the company's revenue is derived from government contracts and prepayments from telecom partners.
Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
