AST SpaceMobile(US:ASTS)2025-03-05 01:10Business Highlights - Achieved full operational status for the first five BlueBird commercial satellites, featuring the largest commercial communications arrays in LEO[12] - Secured a $43 million revenue contract with the U S Space Development Agency to support critical government missions[16] - Accelerated satellite manufacturing with planning and production of 40 Block 2 BlueBird satellites underway[14] - Spectrum agreement for access to up to 45 MHz of premium lower mid-band spectrum in the U S , enabling peak data transmission speeds of up to 120 Mbps nationwide[14] - Agreements with approximately 50 mobile network operators globally, representing nearly 3 0 billion existing subscribers[19] Financial Position - Robust balance sheet with nearly $1 0 billion in cash, cash equivalents, and restricted cash as of December 31, 2024, pro forma for convertible notes offering[14] - Adjusted operating expenses for the three months ended December 31, 2024, were $40 76 million[40] - Capital expenditures increased from $26 5 million in Q3 2024 to $86 0 million in Q4 2024[36] Strategic Partnerships - Vodafone definitive commercial agreement through 2034 establishes a framework to offer SpaceMobile service across Europe and Africa[16] - Plans to form a jointly owned Vodafone European distribution entity to accelerate commercialization strategies across the European continent[16]