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TL;DR

AST SpaceMobile paints a picture of imminent global space broadband glory, with shiny spectrum wins, aggressive launch schedules, and big-name partnerships.

Underneath the gloss, the revenue picture is tiny, most deals aren’t binding, and the fully funded claim leans heavily on debt and perfect execution.

AST Spacemobile Q2 2025

The Future is Almost Here, Just as Soon as Everything Works Out Perfectly

AST SpaceMobile wants you to know they are building the first and only space-based cellular broadband network that works directly with your regular phone. That’s right, no giant antennas strapped to your roof, no clunky satellite handset from the 90s. Just you, your phone, and a few dozen satellites making magic happen. Well, eventually.

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