AST SpaceMobile targets $1B revenue by 2027 with 60 MNO partnerships and $3.5B liquidity for satellite launches.

AST SpaceMobile has partnered with about 60 mobile network operators, reaching nearly 3 billion potential users worldwide. The company aims to generate $1 billion in revenue by 2027, backed by $1.2 billion in minimum contractual commitments. With $3.5 billion in liquidity at the end of Q1, AST SpaceMobile has sufficient funds to launch over 100 satellites, while commercial service requires around 45 satellites. Capital expenditures for Q2 are expected to increase to $575-$650 million as the company speeds up satellite manufacturing and deployment, making launch execution the key factor through 2026.