AST SpaceMobile: 6 Satellites a Month by December 2026

AST SpaceMobile Q3 call: D-Pass launch priority, ASIC chips and a $1B Japan subsidy.

Why ASTS stock holders called it the best update yet.

Anpanman breaks down the AST SpaceMobile Q3 update, starting with the confident tone from management and the new D-Pass priority rating that puts two dual-use launches at the front of the queue in Q1. He covers production, including the goal of 6 satellites per month by December 2026, ASIC chips being added from BlueBird 34, and the shift of the 45-satellite target to mid 2027. He also walks through the launch schedule for BlueBirds 14 through 25 across Falcon 9 and New Glenn, plus early Blacklift details.

Next, Anpanman looks at funding and spectrum for this direct-to-cell satellite company. That includes the $1B Japanese government subsidy through J-LEO and Rakuten, the $1.2B pipeline of quasi-government financing, and updates on L-band and S-band in the US, Brazil, Colombia, Chile and Japan. He also covers the $100M Space Force AMTI award, the 16 US government awards, and the T-Mobile question.

Finally, he reviews the financials behind ASTS stock: Q3 revenue of $42.3M, reiterated 2026 guidance of $150M to $200M, and the $1B run rate target. He closes with what to expect at Thursday's Blacklift event in New York.

00:00 Introduction

01:21 Confidence and swagger on the call

02:45 D-Pass priority rating explained

04:21 Topics roadmap

04:58 Production: 6 satellites per month

07:41 ASIC now in BlueBird 34

09:48 Factory expansion

10:09 Launch: BlueBirds 14-16

11:06 BlueBirds 17-19 on New Glenn

14:11 BlueBirds 20-25 and D-Pass launches

15:50 45 satellites by mid 2027

16:59 Blacklift development

19:24 Funding: $1B Japan J-LEO subsidy

22:12 $1.2B quasi-government financing

24:49 Spectrum update

27:58 Regulatory and government awards

31:33 T-Mobile and carrier questions

33:03 Finance: revenue and guidance

36:50 Blacklift economics

38:17 Thursday NY event and wrap-up

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