AST SpaceMobile Addresses Today’s Orbital Launch of BlueBird 7 on the New Glenn Launch Vehicle

Key Points:

• AST SpaceMobile's BlueBird 7 satellite was launched on the New Glenn 3 mission but was placed into a lower than planned orbit, making it unsustainable for operations; the satellite will be de-orbited.
• Despite the loss, AST SpaceMobile expects to recover the satellite's cost through its insurance policy and continues production with BlueBird 32 underway and BlueBird 8 to 10 ready to ship within about 30 days.
• The company aims to maintain an average of one to two orbital launches per month in 2026, targeting approximately 45 satellites in orbit by year-end, supported by agreements with multiple launch providers.
• AST SpaceMobile is developing the first global space-based cellular broadband network accessible by standard smartphones, intended to close connectivity gaps for billions of unconnected mobile users worldwide.
• The company highlights various risks and uncertainties in its forward-looking statements, including regulatory, competitive, financial, and operational factors that could impact its future performance and satellite deployment plans.