The Zhitong Finance App learned that AST SpaceMobile (ASTS.US), a satellite direct-connected mobile broadband company, announced the results for the third quarter of 2026 after the US stock market on November 10, Beijing time. The company's revenue for the quarter nearly tripled over the same period last year, and significant progress covering the entire “manufacturing - launch - financing - commercialization” chain was revealed; however, with large-scale networking investment, net losses expanded simultaneously, and this “space telecom operator” is still at a critical stage of burning money to build a network and wait for revenue to be released.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that AST SpaceMobile (ASTS.US), a satellite direct-connected mobile broadband company, announced the results for the third quarter of 2026 after the US stock market on November 10, Beijing time. The company's revenue for the quarter nearly tripled over the same period last year, and significant progress covering the entire “manufacturing - launch - financing - commercialization” chain was revealed; however, with large-scale networking investment, net losses expanded simultaneously, and this “space telecom operator” is still at a critical stage of burning money to build a network and wait for revenue to be released.
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