- AST SpaceMobile shares fell 9.18% to $62.35 after Q2 revenue of $31.5 million missed the roughly $34.4 million consensus estimate.
- The company reaffirmed FY26 revenue guidance of $150 million to $200 million; the source said this trailed prior Street consensus near $164 million.
- Delclaux Partners filed a lawsuit on August 20 seeking more than $15 million in alleged unpaid contractual finder’s fees.
- AST SpaceMobile closed a $1 billion offering of 1.625% convertible senior notes due 2034, including full exercise of a $150 million purchase option by initial purchasers.
Quotes
“AST SpaceMobile (ASTS) shares fell 9.18% to $62.35 after second-quarter Revenue of $31.5 million missed the roughly $34.4 million consensus estimate.”
“The company said the financing provided capital to pursue growth opportunities, continue vertical integration and secure additional access to orbit”