Sign in

ASTS on Nasdaq

AST SpaceMobile

Logo: AST SpaceMobile, Public domain, via Wikimedia Commons5

American satellite manufacturer

AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.3 Its shares trade on Nasdaq under the symbol ASTS.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$70.9MRevenue, fiscal 20256
-$341.9MNet income, fiscal 20256
2017Founded1

Compare with Spire Global, Anghami or uCloudlink Group Inc., or pick any stock.

  • TickerASTS on Nasdaq1
  • Industryspace industry1
  • HeadquartersMidland1
  • Founded inMidland1
  • Websiteast-science.com
  • Incorporated inDE7
  • Business addressMidland Intl. Air & Space Port, 2901 Enterprise Lane, Midland, Tx 797067
  • Filer categoryLarge accelerated filer7
  • Legal formCorporation4
  • LEI254900MBSC9P2UCI66234
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATE CREATIONS NETWORK INC., 19803 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 74401354

See how the biggest companies compare on our leaderboards

AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-482.2%Net margin6
413.0%Revenue growth, 20256
-14.3%Return on equity6
0.92×Debt to equity6
-$1.1BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 63% of the revenue AST SpaceMobile broke down this way in fiscal 2025.

  1. Product$44.4M663%up 8778% from 2024
  2. Service$26.5M637%up 577% from 2024
Products and services by year
Products and services202320242025
Product$0$500.0K$44.4M
Service$0$3.9M$26.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development40¢$28.1M
  • Other costs55¢$38.9M
  • Income tax5¢$3.9M

Out of $70.9M in revenue.6 The company lost money this year.

Financial statements

Revenue101112136$70.9M in 2025+1089% since 2020
0$20.0M$40.0M$60.0M$80.0M2020: $6.0M$6.0M20202021: $12.4M$12.4M2021+108%2022: $13.8M$13.8M2022+11%2023: $0$020232024: $13.8M$13.8M20242025: $70.9M$70.9M2025+413%
Gross profit101112$0 in 2023
0$2.0M$4.0M$6.0M$8.0M2020: $2.9M$2.9M20202021: $4.8M$4.8M2021+65%2022: $7.1M$7.1M2022+47%2023: $0$02023
Net income1411136-$341.9M in 2025+558% since 2020
-$400.0M-$300.0M-$200.0M-$100.0M02020: -$52.0M-$52.0M20202021: -$30.6M-$30.6M2021−41%2022: -$31.6M-$31.6M2022+4%2023: -$87.6M-$87.6M2023+177%2024: -$300.1M-$300.1M2024+243%2025: -$341.9M-$341.9M2025+14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenues$70.9M$4.4M$0
Engineering services costs$142.5M$93.5M$78.8M
General and administrative costs$101.7M$61.6M$41.6M
Research and development costs$28.1M$28.8M$47.5M
Depreciation and amortization$51.1M$63.3M$54.5M
Total operating expenses$358.6M$247.2M$222.4M
(Loss) gain on remeasurement of warrant liabilities-$68.2M-$268.6M$9.0M
Interest expense-$36.1M-$18.7M-$4.5M
Other (expense) income, net-$114.4M$1.9M-$10.3M
Loss on extinguishment of debt$0-$11.0M$0
Total other (expense) income, net-$169.4M-$282.2M$1.4M
Loss before income tax expense-$457.1M-$525.0M-$221.0M
Income tax expense-$3.9M-$1.3M-$1.7M
Net loss before allocation to noncontrolling interest-$461.0M-$526.3M-$222.7M
Net loss attributable to noncontrolling interest-$119.1M-$226.2M-$135.1M
Net loss attributable to common stockholders-$341.9M-$300.1M-$87.6M
Weighted-average number of shares outstanding - basic256.0M shares154.5M shares81.8M shares
Weighted-average number of shares outstanding - diluted256.0M shares154.5M shares81.8M shares
Interest income$49.2M$14.2M$7.2M

Compare AST SpaceMobile with another company

Corporate structure

AST SpaceMobile sits at the top of its group. 17 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AST SpaceMobile

  • Abel Antonio Avellan Filed SCHEDULE 13D/A on AST SpaceMobile, latest Jun 23, 2026 (19 filings since Mar 11, 2022)
  • Hiroshi Mikitani Filed SCHEDULE 13D/A on AST SpaceMobile, latest May 5, 2026 (4 filings since Oct 10, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on AST SpaceMobile, latest Mar 26, 2026 (6 filings since Nov 4, 2024)
  • Vodafone Ventures Ltd Filed SCHEDULE 13D/A on AST SpaceMobile, latest Feb 17, 2026 (3 filings since Jan 18, 2024)
  • American Tower Corporation Filed SCHEDULE 13D/A on AST SpaceMobile, latest Dec 11, 2025
  • BlackRock Filed SCHEDULE 13G/A on AST SpaceMobile, latest Apr 28, 2025 (5 filings since Jan 29, 2024)
  • AT&T Filed SCHEDULE 13D on AST SpaceMobile, latest Feb 10, 2025
  • Adriana Cisneros Filed SC 13D/A on AST SpaceMobile, latest Jun 10, 2024
  • Invesat LLC Filed SC 13D/A on AST SpaceMobile, latest Mar 6, 2024
  • Ionic Capital Management LLC Filed SC 13G/A on AST SpaceMobile, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • EJF Capital LP Filed SC 13G/A on AST SpaceMobile, latest Feb 25, 2022
  • CITADEL ADVISORS LLC Filed SC 13G/A on AST SpaceMobile, latest Feb 14, 2022
  • AST SpaceMobile Midland, Texas, United States
    • Kongsberg NanoAvionics Subsidiary · Vilnius
    • AST & Science Iberia, Sociedad Limitada Unipersonal Subsidiary · Spain
    • AST & Science Israel Ltd. Subsidiary · Israel
    • AST & Science Texas LLC Subsidiary · Texas, United States
    • AST & Science, LLC Subsidiary · Delaware, United States
    • AST Space Mobile USA LLC (f/k/a AST & Defense, LLC) Subsidiary · Delaware, United States
    • AST SpaceMobile Europe I, LLC Subsidiary · Delaware, United States
    • AST SpaceMobile Europe II, LLC Subsidiary · Delaware, United States
    • AST SpaceMobile Holdings IV, LLC Subsidiary · Delaware, United States
    • AST SpaceMobile Holdings, LLC Subsidiary · Delaware, United States
    • AST SpaceMobile India Private Limited Subsidiary · India
    • AST SpaceMobile Manufacturing, LLC Subsidiary · Texas, United States
    • AST SpaceMobile Services, LLC (f/k/a AST Services, LLC) Subsidiary · Florida, United States
    • AST SpaceMobile UK Limited Subsidiary · United Kingdom
    • BackstopCo, LLC Subsidiary · Delaware, United States
    • Spectrum USA I, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AST SpaceMobile reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$173.7M6 Dec 31, 2025$122.4M6 Dec 31, 2024+42.0%
Property and equipment, net$1.4B6 Dec 31, 2025$337.7M6 Dec 31, 2024+314.2%
Operating-lease assets (leased space)$19.4M6 Dec 31, 2025$14.0M6 Dec 31, 2024+38.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.3B6 Dec 31, 2025$565.0M6 Dec 31, 2024+313.4%
Marketable securities, current$2.0B6 Dec 31, 2025$510.4M6 Dec 31, 2024+291.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$12.0M6 Dec 31, 2025$1.1M6 Dec 31, 2024+1030.6%

Properties, in its own words

We currently operate from multiple locations, including our corporate headquarters and satellite assembly, integrating and testing facilities in Texas.

Property · Location · Leased / Owned

The rest of Item 2

Assembly, Integration and Testing Facility · Midland, Texas · Owned

Assembly, Integration and Testing Facility · Midland, Texas · Leased

Assembly, Integration and Testing Facility · Homestead, Florida · Leased

Engineering and Development Center · Lanham, Maryland · Leased

Office · Miami, Florida · Leased

Engineering, Development and Production Center · Israel · Leased

Engineering, Development and Production Center · Spain · Leased

Engineering and Development Center · United Kingdom · Leased

Engineering and Development Center · India · Leased

The facilities owned or leased and operated by us are maintained in good condition.

Item 2 of the 10-K filed Mar 2, 2026.19

The story

AST SpaceMobile was founded in May 2017 by Abel Avellan as AST & Science LLC. Avellan remains the chairman and chief executive officer of the company. Originally from Venezuela, Avellan is a United States citizen who previously worked for Swedish telecommunications conglomerate Ericsson. In 1999, Avellan founded Emerging Markets Communications, a satellite-based communications services provider to maritime and other mobility markets, which was acquired in 2016 for US$550 million. He also serves as a Commissioner of the UN Broadband Commission for Sustainable Development.

AST & Science purchased a controlling interest in NanoAvionics, a Lithuanian satellite manufacturing company, on March 6, 2018.

In March 2020, AST & Science LLC announced a Series B investment round, led by Vodafone and Rakuten, that raised $110 million for the company. Samsung Next, American Tower, and Cisneros also participated.

New Providence's first special-purpose acquisition company (SPAC) announced in April 2021 that its shareholders had approved a proposal to form AST SpaceMobile in a business combination with AST & Science LLC. AST SpaceMobile began to trade on the Nasdaq in the week after that announcement. New Providence had raised $462 million through an initial public offering (IPO) and a private investment in public equity (PIPE) to fully fund the development and first phase of its satellite constellation.

AST SpaceMobile started generating revenue through a U.S. Government contract in 2024. However, the company does not expect to begin generating substantial revenue through mobile network operators like AT&T and Verizon until the company's BlueBird 1-5 satellites are fully operational. The mobile network operators with whom the company has agreements and understandings collectively serve over 2.8 billion existing subscribers.

In July 2022, Nokia announced that it had won a five-year 4G and 5G deal from AST SpaceMobile.

AST SpaceMobile sold its majority ownership stake in NanoAvionics to Kongsberg Defence & Aerospace in September 2022.

In January 2024, AST SpaceMobile announced a new partnership with Google and AT&T to collaborate on product development, testing, and implementation plans for bringing satellite connectivity to Android smartphones.

Read the full text

In May 2024, the company announced a $100 million partnership with Verizon to expand coverage to more remote parts of the United States, beyond the reach of a land-based network.

On August 21, 2024, after the company confirmed its first commercial satellite launch in early September, AST SpaceMobile stock price jumped to $38.60 per share, or around 1,800% compared to record lows of $1.97 per share on April 2, 2024. As a result, the company's market cap exceeded $8 billion in August 2024. On December 9, 2024, AST SpaceMobile announced a commercial contract to provide space-based cellular broadband connectivity to Vodafone in Europe and Africa, as well as Vodafone's partners, through 2034; making a first test mobile video call with a standard smartphone the following month.

In December 2024, SpaceNews named AST SpaceMobile "Emerging Space Company of the Year" at its annual Icon Awards.

As of Q2 2025, AST SpaceMobile has raised over US$2 billion.

Time Magazine included the company's BlueBird satellite design in its Best Inventions list in 2025, and Fast Company recognized CEO Abel Avellan among its Visionaries of the Year.

In mid-October 2025, AST SpaceMobile shipped its first next-generation BlueBird Block 2 satellite, FM1 (designated BlueBird-6), to India for launch preparations.

Following delivery, AST SpaceMobile prepared FM1 for a target launch date in December 2025.

On October 29, 2025, AST SpaceMobile announced a 10-year agreement with stc group that includes a $175 million prepayment commitment to support direct-to-device services in Saudi Arabia and selected regional markets.

ISRO's LVM3 successfully launched the BlueBird Block-2 satellite into low Earth orbit on December 24, 2025, lifting off from Sriharikota at 8:55 a.m. and deploying the satellite 15 minutes later.

From Wikipedia’s article on AST SpaceMobile, shared under CC BY-SA 4.0.8

Leadership

Who has led AST SpaceMobile, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gary P. Smith2019
  2. Abel Antonio Avellan2021–now

President

  1. Scott Wisniewski2024–now

Chief financial officer

  1. James Dunbar Bradley2019
  2. Andrew Martin Johnson2024–now

Chief operating officer

  1. Shanti B. Gupta2024–now
20202025
Board members and other officers (25)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerSean Wallace named May 20, 202248
  • DirectorHiroshi Mikitani named May 20, 202248
  • DirectorRonald Rubin named May 20, 202248

Products and brands

  • AST SpaceMobile Network
  • artificial satellite

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • AST & Science Iberia, Sociedad Limitada Unipersonal Spain9
  • AST & Science Israel Ltd. Israel9
  • AST & Science Texas LLC Texas9
  • AST & Science, LLC Delaware9
  • AST Space Mobile USA LLC (f/k/a AST & Defense, LLC) Delaware9
  • AST SpaceMobile Europe I, LLC Delaware9
  • AST SpaceMobile Europe II, LLC Delaware9
  • AST SpaceMobile Holdings IV, LLC Delaware9
  • AST SpaceMobile Holdings, LLC Delaware9
  • AST SpaceMobile India Private Limited India9
  • AST SpaceMobile Manufacturing, LLC Texas9
  • AST SpaceMobile Services, LLC (f/k/a AST Services, LLC) Florida9
  • AST SpaceMobile UK Limited United Kingdom9
  • BackstopCo, LLC Delaware9
  • Spectrum USA I, LLC Delaware9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • AST SpaceMobile, Inc.Jan 19, 2021 to Oct 1, 20267
  • New Providence Acquisition Corp.Jun 27, 2019 to Apr 1, 20217

Timeline

  1. Sep 28, 20268-K Executive or director change49
  2. Aug 10, 20268-K Results of operations; Regulation FD disclosure50
  3. Jul 20, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares51
  4. Jul 15, 20268-K Results of operations; Regulation FD disclosure; Other events52
  5. Jun 15, 20268-K Shareholder vote53
  6. May 11, 20268-K Results of operations; Regulation FD disclosure54
  7. Apr 20, 20268-K Regulation FD disclosure; Other events55
  8. Mar 2, 20268-K Results of operations; Regulation FD disclosure56
  9. Feb 23, 20268-K Other events57
  10. Feb 20, 20268-K New debt or obligation; Unregistered sale of shares; Other events58
  11. Feb 17, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares59
  12. Feb 11, 20268-K Results of operations; Regulation FD disclosure; Other events60
  13. Apr 8, 2021New chief executive Abel Antonio Avellan becomes CEO20
  14. Apr 2021Went public Listed on NASDAQ1
  15. Sep 10, 2019New chief executive Gary P. Smith becomes CEO21
  16. 2017Founded Founded in Midland1

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.45) a share, on Nov 10, 2025.61

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results50
  2. Jul 15, 2026Reported quarterly or annual results52
  3. May 11, 2026Reported quarterly or annual results54
  4. Mar 2, 2026Reported quarterly or annual results56
  5. Feb 11, 2026Reported quarterly or annual results60
  6. Nov 10, 2025Reported quarterly or annual results62
  7. Oct 21, 2025Reported quarterly or annual results63
  8. Aug 11, 2025Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

483 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 108 major events, 167 insider forms, 48 large holders, 1 private raises, 136 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Oct 1, 20263 EDGAR
  3. Sep 28, 20268-K EDGAR
  4. Sep 17, 20264 EDGAR
  5. Sep 17, 20264 EDGAR
  6. Sep 16, 2026144 EDGAR
  7. Sep 16, 2026144 EDGAR
  8. Sep 1, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Aug 24, 20264/A EDGAR
  10. Aug 19, 20264 EDGAR
  11. Aug 19, 20264 EDGAR
  12. Aug 19, 20264 EDGAR
  13. Aug 19, 20264 EDGAR
  14. Aug 19, 20264 EDGAR
  15. Aug 19, 20264 EDGAR
  16. Aug 19, 20264 EDGAR
  17. Aug 18, 20264 EDGAR
  18. Aug 18, 20264 EDGAR
  19. Aug 18, 20264 EDGAR
  20. Aug 18, 20264 EDGAR

The 483 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

39 open-market trades by officers, directors and large owners since October 2021: 7 buys and 32 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Yao HuiwenChief Technology OfficerSale40,000$58.93$2.4MForm 4
Sep 16, 2026Gupta Shanti B.Chief Operating OfficerSale12,000$58.89$706.7KForm 4
Aug 31, 2026Cisneros AdrianaDirectorBuy10,822$57.22$619.2KForm 4
Jun 11, 2026Johnson Andrew MartinCFO and CLOSale45,809$93.81$4.3MForm 4
Jun 5, 2026Yao HuiwenChief Technology OfficerSale40,000$96.37$3.9MForm 4
May 20, 2026Johnson Andrew MartinCFO and CLOSale5,000$90.25$451.2KForm 4
May 13, 2026Torres Julio A.DirectorSale15,000$76.34$1.1MForm 4
Apr 15, 2026Rakuten Group, Inc.10% ownerSale1,350,000$86.22$116.4MForm 4
Apr 14, 2026Rakuten Group, Inc.10% ownerSale1,690,000$91.42$154.5MForm 4
Mar 23, 2026Yao HuiwenChief Technology OfficerSale40,000$88.88$3.6MForm 4
Dec 24, 2025LARSON KEITH RDirectorBuy625$80.00$50.0KForm 4
Dec 17, 2025LARSON KEITH RDirectorBuy715$70.02$50.1KForm 4
Dec 10, 2025Gupta Shanti B.Chief Operating OfficerSale10,000$77.34$773.4KForm 4
Dec 10, 2025LARSON KEITH RDirectorBuy675$72.71$49.1KForm 4
Dec 9, 2025AMERICAN TOWER CORP /MA/Sale2,288,621$69.75$159.6MForm 4
Dec 5, 2025Yao HuiwenChief Technology OfficerSale40,000$73.52$2.9MForm 4
Dec 5, 2025Bernal MayaChief Accounting OfficerSale6,000$73.76$442.6KForm 4
Nov 26, 2025Johnson Andrew MartinCFO and CLOSale10,000$56.00$560.0KForm 4
Nov 20, 2025Cisneros AdrianaDirectorBuy750$50.79$38.1KForm 4
Sep 16, 2025Yao HuiwenChief Technology OfficerSale40,000$40.58$1.6MForm 4

All 39 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Abel Avellan$14.2M$14.2M79
2025Andrew Johnson$250.0K$9.6M79
2025Shanti Gupta$250.0K$9.6M79
2025Scott Wisniewski$250.0K$9.6M79
2025Dr. Huiwen Yao$250.0K$416.8K79
2024Executive Vice PresidentChief Financial Officer, and Chief Legal Officer$163.8K$2.8M79
2024PresidentChief Strategy Officer$250.0K$2.6M79
2024Chief Technology Officer$250.0K$266.1K79

Money raised

Private offerings the company reported to the SEC on Form D.

  1. May 6, 2022Raised $187,500 in a private offering of equity Form D: $75.8 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Rakuten Group, Inc.15,510,078$1.4B99.7%−15,510,077
BlackRock, Inc.15,273,481$1.4B0.0%+756,247
Vanguard Portfolio Management LLC13,330,558$1.2B0.1%+2,286,995
Vanguard Capital Management LLC12,515,363$1.1B0.0%+1,026,242
Alphabet Inc.8,943,486$794.7M0.8%No change
Morgan Stanley7,317,827$650.3M0.0%+4,124,149
UBS Group AG6,602,096$586.7M0.1%+2,058,762
State Street Corp6,533,847$580.6M0.0%+948,360
Marex Group Ltd6,220,357$552.7M4.1%+3,579,695
Vodafone Ventures Ltd5,471,743$486.2M100.0%No change
Geode Capital Management, LLC5,105,125$453.1M0.0%+340,038
Goldman Sachs Group Inc3,872,227$344.1M0.0%+1,559,322
Jane Street Group, LLC3,584,274$318.5M0.2%+3,559,370
Norges Bank3,334,326$296.3M0.0%New
Clear Street Group Inc.2,415,249$214.6M0.7%−974,155
Van Eck Associates Corp2,191,222$194.7M0.1%+1,084,014
Vanguard Fiduciary Trust Co1,695,027$150.6M0.0%+114,608
Charles Schwab Investment Management Inc1,640,466$145.8M0.0%+85,483
Northern Trust Corp1,593,315$141.6M0.0%+150,764
Broad Run Investment Management, LLC1,455,969$129.4M19.9%−7,125
Jupiter Topco LLC1,342,127$119.3M0.0%New
Focus Partners Wealth1,277,334$113.5M0.1%+17,929
Bank Of America Corp /de/1,191,157$105.8M0.0%−453,089
Bnp Paribas Financial Markets1,089,107$96.8M0.1%−11,822
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1,064,932$94.6M0.0%+219,765

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AST SpaceMobile is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAST SpaceMobile, Inc.2
  • CIK0001780312
  • Employer ID (EIN)84-202723219
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsDecember 312
  • Industry code (SIC)4899 Communications Services, NEC2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressMidland Intl. Air & Space Port, 2901 Enterprise Lane, Midland, TX 797062
  • Phone432-276-39662
  • Shares outstanding292,637,039 Common Class A shares; 11,215,111 Common Class B shares; 78,163,078 Common Class C shares as of Feb 26, 202619
  • Public float$11.7B as of Jun 30, 202519
  • AuditorKPMG LLP, Miami, Florida PCAOB ID 185; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceJun 27, 20192
  • Filings628 in all: 4 (157), 8-K (125), 3 (35), 424B3 (33), 144 (32), 424B5 (22), 10-Q (21), SC 13D/A (17)2
    All 48 form types

    DEFA14A (16), SC 13G/A (16), CORRESP (15), SCHEDULE 13D/A (13), SC 13G (12), UPLOAD (12), 4/A (11), EFFECT (9), 10-K (7), DEF 14A (7), S-8 (5), SC 13D (5), ARS (4), FWP (4), S-1 (4), S-3 (4), 10-K/A (3), 8-K/A (3), PRE 14A (3), PRER14A (3), S-1/A (3), S-3/A (3), SCHEDULE 13G/A (3), 144/A (2), 25-NSE (2), NT 10-Q (2), S-3ASR (2), 10-Q/A (1), 424B4 (1), 424B7 (1), 5 (1), 8-A12B (1), CERT (1), D (1), DEFM14A (1), DRS (1), POS AM (1), PREM14A (1), S-8 POS (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 28, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.0001 per shareASTSThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks AST SpaceMobile names in Item 1A of its 10-K filed Mar 2, 2026: 59 risks under these headings, as written.19

  • Risks Related to Our Business and Industry
  • Risks Related to Our Satellites and Planned SpaceMobile Service
  • Risks Related to Our Legal and Regulatory Matters
  • Risks Related to Our Pending Ligado Transaction
  • Risks Related to Our Organizational Structure
  • Risks Related to Tax
  • Risks Related to Owning our Class A Common Stock
  • Our SpaceMobile Service is in development and may not be completed on time or at all and the costs associated with it may be greater than expected.
  • Our ability to successfully implement our business plan will depend on a number of factors outside of our control.
  • We may not be able to raise additional funds for continued operations, to initiate our SpaceMobile Service and for the Ligado Transaction when we need them on favorable terms or at all.
  • We will incur significant expenses and capital expenditures in the future to execute our business plan and develop the SpaceMobile Service, and we may be unable to adequately forecast or control our expenses.
  • We have a history of losses and may never become profitable.
The other 54 risks
  • Contracts with the U.S. government subject us to risks including early termination, audits, investigations, sanctions and penalties.
  • Our services are highly regulated.
  • We will rely on MNOs and require regulatory approvals to access the spectrum we need to provide SCS service.
  • We have a limited operating history and operate in a rapidly evolving industry, which makes it difficult to evaluate our business and future prospects and increases the risk of your investment.
  • We are highly dependent on the services of Abel Avellan, our founder, Chairman and Chief Executive Officer, and if we are unable to retain Mr. Avellan, attract and retain key employees and hire qualified management, technical and engineering personnel, our business could be adversely affected.
  • Rapid and significant technological changes could render the SpaceMobile Service obsolete and impair our ability to compete.
  • If we fail to manage our future growth effectively, our business, prospects, operating results and financial condition could be materially adversely affected.
  • We could fail to achieve revenue from the SpaceMobile Service, or experience a decline in revenue, as a result of increasing competition from companies in the wireless communications industry, including wireless and other satellite operators, and from the extension of land-based communications services or new technologies.
  • We face competition from existing and potential competitors in the telecommunications industry, including terrestrial and satellite-based network systems.
  • We will be dependent on third parties to market and sell our products and services.
  • We rely on third parties for the supply of equipment, satellite components and launch services.
  • We and our suppliers rely on complex systems and components, which involve a significant degree of risk and uncertainty in terms of operational performance and costs.
  • We face substantial risks associated with our international operations.
  • Foreign MNOs will expose us to currency exchange risk due to the effect of future exchange rate fluctuations, which could adversely affect our business and operating results.
  • We may be negatively affected by global economic conditions.
  • Pursuing strategic transactions could cause us to incur additional risks.
  • Covenants in our debt instruments limit our ability to undertake certain types of transactions and adversely affect our liquidity.
  • Our failure to comply with the covenants in our debt instruments could result in an event of default under the applicable agreement, which could materially adversely affect our financial condition and liquidity.
  • Servicing our debt requires cash that would otherwise be used to fund our business plan, and we may not have sufficient cash flow from our business to pay our debt.
  • We may not be able to launch our satellites, or operate our satellites after launch, successfully.
  • Launch insurance, even if it is available, will not fully cover the risks related to the launch of our satellites.
  • Our satellites may experience operational problems, which could affect our ability to provide an acceptable level of service to the end-users.
  • Our products could fail to perform or could perform at reduced levels of service because of technological malfunctions or deficiencies, regulatory compliance issues, or events outside of our control, which would harm our business and reputation.
  • Our satellites have a limited life and may fail prematurely, which could cause our network to be compromised and materially and adversely affect our business, prospects and potential profitability.
  • Our business could be adversely affected if we are unable to protect our intellectual property rights from unauthorized use by third parties.
  • Our intellectual property applications for registration may not be granted or registered, which may have a material adverse effect on our ability to prevent others from commercially exploiting products similar to ours.
  • We may become subject to claims that our satellites or services violate the patent or intellectual property rights of others, which could be costly and disruptive to us.
  • Our customized hardware and software may be difficult and expensive to service, upgrade or replace.
  • Our networks and those of our third-party service providers and MNOs may be vulnerable to security risks.
  • Cyberattacks impacting our networks or systems may have a material effect on our operations.
  • Our satellites may collide with space debris or another spacecraft, which could adversely affect the performance of the SpaceMobile Service.
  • Our ability to provide service to our customers and generate revenues could be harmed by adverse governmental regulatory actions.
  • Our ability to offer one or more services in important countries or regions of the world could be limited due to regulatory requirements or geopolitical events.
  • We expect to provide the SpaceMobile Service in the U.S. and elsewhere on frequencies not regularly allocated for mobile-satellite service, which requires regulatory approval, and there can be no assurance that we will receive or be able to maintain such approval.
  • The Ligado Transaction may not be consummated, and may be impacted by ongoing litigation.
  • Our shareholders may experience additional dilution due to the consideration which we would be required to pay to Ligado in the transaction.
  • We may fail to realize the anticipated benefits of the Ligado Transaction.
  • The debt financing raised in connection with the Ligado Transaction poses risks for AST and its shareholders.
  • Once the Ligado Transaction closes, AST will face regulatory, technological and adoption risks with respect to use and access to Ligado’s spectrum.
  • We are a “controlled company” within the meaning of the Nasdaq listing standards and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements. You will not have the same protections afforded to stockholders of companies that are subject to such requirements.
  • The multi-class structure of our Common Stock has the effect of concentrating voting power with our founder, Chairman and Chief Executive Officer, which will limit an investor’s ability to influence the outcome of important transactions, including a change of control.
  • Our multi-class structure may adversely affect the stock price of our Class A Common Stock.
  • We are a holding company and rely primarily on distributions from AST LLC to fund our operations.
  • Our principal asset is our interest in AST LLC, and accordingly we depend on distributions from AST LLC to make any payments required to be made by us under the Tax Receivable Agreement.
  • The Tax Receivable Agreement requires us to make cash payments to the TRA Holders in respect of certain tax benefits and such payments may be substantial.
  • Our stockholders may experience future dilution as a result of future equity offerings, exercise of penny warrants, and conversion of convertible notes and such dilution may be substantial.
  • If we are unable to raise additional capital in the future, it may result in our independent registered public accounting firm or management expressing substantial doubt about our ability to continue as a going concern in future financial statements.
  • Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
  • Provisions in our organizational documents and certain rules imposed by regulatory authorities may discourage lawsuits against our directors and officers.
  • General Risk Factors
  • The market price and trading volume of our securities may be volatile.
  • Information available in public media that is published by third parties, including blogs, articles, message boards and social and other media may include statements not attributable to the Company and may not be reliable or accurate.
  • We may be subject to litigation, including securities class action litigation or other claims relating to our business operations, which may harm our reputation, business, financial condition and results of operations.
  • Changes in U.S. trade policy, including changes to existing trade agreements and any resulting changes in international trade relations, may have a material adverse effect on our business, prospects, financial condition or operating results.
  • Acquisitions, investments, partnerships, joint ventures and other strategic transactions involve a number of inherent risks, any of which could result in the benefits anticipated not being realized.

Legal proceedings

We are subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated. In the opinion of management, there are not any pending legal proceedings or claims that, individually or in the aggregate, will have a material adverse effect on our financial condition or results. However, the outcome of litigation is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against us in a reporting period for amounts in excess of management’s expectations, our consolidated financial statements for that reporting period could be materially adversely affected. Refer to Note 9 Commitments and Contingencies in the accompanying notes to the consolidated financial statements for further information.

The opening of Item 3, Legal Proceedings.19

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
    SEC EDGAROther events
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79