AST SpaceMobile earnings analysis: questions answered and next catalysts

Rocket Lab (RKLB) reported Q3 revenue of $268M, beating expectations, but posted a wider-than-expected loss. Q4 guidance was higher than consensus. AST SpaceMobile (ASTS) reported Q3 revenue of $42.3M, missing estimates, and a wider loss. Both companies are involved in the space sector, with Rocket Lab facing Neutron rocket delays and AST SpaceMobile building its satellite constellation.

AST SpaceMobile (ASTS) reported Q3 2026 revenue of $42.3M, up 187% YoY. The company expects 45 satellites in orbit by mid-2027, delayed from prior targets. Shares rose 14.1% on Nov 9, 2026, before slipping after hours. ASTS reaffirmed 2026 revenue guidance of $150M-$200M, with Q4 relying on milestone payments. The company has $3.2B in cash reserves.

AST SpaceMobile (ASTS) reported Q3 2026 revenue of $42.3M, with $3.2B in cash. The company announced plans for 100 satellites in orbit by 2027, partnerships with major mobile network operators, and the development of Blacklift, a reusable rocket for 2028 launches. ASTS expects nationwide coverage in key markets by year-end 2026 and has secured $1B in subsidies.

AST SpaceMobile (ASTS) and Rakuten Group formed a joint venture, Rakuten AST, to develop a satellite network in Japan with up to $1bn in government funding. ASTS will supply satellites, while Rakuten holds 51% control. ASTS reported Q3 2026 revenue of $42.3mn and maintained its annual forecast of $150-200mn. The project aims for nationwide coverage by March 2029, with services including mobile broadband and emergency communications.

Rakuten Group and AST SpaceMobile formed a joint venture, Rakuten AST, to build a direct-to-device satellite network in Japan. The project, supported by up to $1 billion in funding, aims to provide smartphone connectivity during emergencies and expand broadband access. Rakuten AST plans to deploy satellites compatible with mid-band spectrum and commence operations by March 2029. The companies will also explore AI-driven spectrum management technology.

AST SpaceMobile (ASTS) expects to launch satellite-to-phone service in the US and other markets by late 2026. Q3 revenue tripled to $42.3M, but net loss widened to $132.4M. The company secured $1B in funding and plans to increase satellite production. Management maintained its 2026 revenue target of $150M-$200M.