Reported 6 months ago
AST SpaceMobile has recently secured contracts with AT&T and Verizon to provide cellphone-to-cellphone broadband internet connections via AST SpaceMobile satellites in orbit, with details such as contract values and durations unclear. Despite promising technology and successful achievements, concerns arise regarding the financial sustainability of AST SpaceMobile, with projections suggesting that current contracts may not generate sufficient revenue to support the company's satellite network expansion plans. Cash flow issues could jeopardize the company's ability to fulfill its ambitious goals, such as launching 168 satellites, raising questions about AST SpaceMobile's long-term viability.
Source: YAHOO