Txaaark

The first stage was nominal, and the booster came back beautifully. We separated and turned on as expected, but the launch vehicle second stage did not place BlueBird 7 on its intended orbit. We are on Satellite 32 and plan to ship BB8 to 10 in approximately 30 days and continue to target ~ 45 satellites in orbit this year.

$ASTS: AST SPACEMOBILE UPSIDE CATALYST SEASON A review of what has been and what is to come Upcoming Catalysts: ☑️BB7 Launch on Blue Origin New Glenn ☑️BB8 - BB10 Delivery to Florida and Launch on Falcon 9 ☑️BB11 - BB13 Delivery to Florida and Launch on Falcon 9 ☑️Block-2 Launches in Batches of 3-4x or 6-8x satellites every 1-2 months ☑️FCC approval for full US SCS commercial service ☑️Execution of more definitive commercial agmts w/ prepaid revenue and/or investment w/ Bell Canada, Telefonica, Etisalat and more than 50 global MNOs ☑️FirstNet Investment and Definitive Commercial Agreement ☑️Golden Dome (SHIELD Awarded, NOBLE Up Next) ☑️Unlocking portion of $20M, $25M, and $65M in revenue prepayments from AT&T, Vodafone and Verizon upon completion of milestones ☑️Beta testing w/ AT&T and FirstNet in 1H 2026 ☑️Updates on Google services agmt partnership ☑️Initiation of Research Coverage by JP Morgan, Morgan Stanley, Goldman Sachs, others ☑️Expansion of 11x contracts w/ Department of Defense, Space Development Agency, Defense Innovation Unit, Missile Defense Agency and more ☑️FCC 5G Fund grant ☑️Progress on 8 to 25x Block-2 BlueBirds in currently in production ☑️Confirmation of production ramp to 6x satellites a month ☑️Acquisition of new manufacturing space in Midland, TX focused exclusively on Micron production ☑️Proposal for PNT service accepted by FCC as alternative to GPS ☑️Initial Commercial Service w/ AT&T, Rakuten, Verizon, Vodafone in late 2026 ☑️Securing +$500M of EXIM and IFC non-dilutive funding ☑️Pursuit of L- and S-Band spectrum licenses globally ☑️EU allocation of 2GHz MSS spectrum to SatCo JV ☑️Strategic partnerships and investments to focus on AI data center opportunity ☑️Catalysts the SpaceMob have yet to contemplate Recently Completed Milestones: ✅AST Awarded $30M Prime Contract by US SDA for Halo Europa Program ✅$63M to 71M of 2H 2026 Revenue ✅Raised $1.08B 2.25% Convertible Note resulting in $4B of pro forma cash ✅BB6 Unfolding Phased Array ✅AST Awarded Prime Contract Position on US Missile Defense Agency SHIELD Program ✅Filed w/ FCC to modify existing license to use S-Band spectrum outside of the US ✅$175M Saudi Telecom prepayment to be made by 2025YE ✅BB6 Launched from India on ISRO LVM3 ✅Disclosed over $1 billion in aggregate contracted revenue commitments from commercial partners ✅Development of AI Engine to dynamically manage satellite capacity and spectrum efficiency ✅Micron production to support 6x a month by end of Q3 2025 ✅Expanded manufacturing floor space to 500,000 square feet ✅1,800 global workforce ✅Established Germany as SatCo JV operations center, filed constellation with ITU ✅Closed $420M bridge financing to support Ligado spectrum transaction ✅Saudi Telecom 10-Year Definitive Commercial Agreement w/ $175M prepayment and over $1.8B value ✅Confirmed L- and S- band spectrum to be incorporated into next 3GPP release ✅Verizon Definitive Commercial Agreement ✅Raised $1.15B 2.0% Convertible Note resulting in $3.2B of pro forma cash and liquidity ✅Successful video and voice testing with Bell Canada ✅US Bankruptcy Court confirms AST and Ligado L-band spectrum transaction transaction, deal now only subject to FCC appoval ✅Acquired Global S-Band Spectrum Priority Rights held Under International Telecommunication Union ✅Successfully completed the first-ever native voice call (VoLTE) and text (SMS) with a standard cell phone using AT&T spectrum and core network ✅Hired JR Wilson as Chief of Networks and Spectrum, formerly AT&T VP of Tower Strategy, Roaming & In-Building Solutions ✅Raised $575M 2.375% Convertible Note w/ Capped Call struck at $120, resulting in $1.5B of pro forma cash on balance sheet ✅Repurchased $360M of $460M 4.25% Convertible Note ✅Entered into $550M of Non-Recourse Senior Secured Term Loan to fund Ligado Transaction ✅Secured $100M equipment loan facility ✅Moved to Russell 1000 from Russell 2000 Index ✅Demonstrated World's first tactical NTN connectivity over standard mobile devices with defense prime Fairwinds Technologies ✅Announced Latest MNO Partnership with Vodafone Idea of India ✅Hired Jennifer Manner as SVP of Regulatory Affairs and International Strategy, former NTIA Senior Advisor of Space and Policy and EchoStar SVP of Regulatory Affairs ✅FCC accepts AST’s application for US commercial service ✅FCC Chair Brendan Carr and Senator Ted Cruz visit HQ in support of AST ✅Verizon and AT&T Spectrum Lease Agreements filed w/ FCC ✅FCC grants STA for beta testing w/ AT&T, Verizon, Vodafone, Bell Canada, and Rakuten ✅FCC grants STA for Firstnet evaluation on public safety Band 14 ✅AST SpaceMobile forms SatCo Joint Venture w/ Vodafone to better serve European market, selects Luxembourg as HQ and Germany for NOC ✅Secured $43M and $20M Contracts w/ US Space Development Agency and Defense Innovation Unit ✅AST5000 ASIC development finished and integration into Block-2 sats in Q1 2026 ✅Successful video calls completed w/ AT&T, Verizon, Vodafone and Rakuten ✅Exercised Multi-launch Agmts w/ SpaceX, Blue Origin and ISRO ✅Reached +3,800 patent & patent pending claims ✅Initiation of Research Coverage by Bank of America, Clear Street, Roth Capital, Cantor Fitzgerald, Oppenheimer and William Blair ✅Established Coordination Agmt w/ US National Science Foundation covering satellite and ground-based astronomy operations ✅Closed $460M 4.25% Convertible Debt funding ✅Signed 2-3x additional Global MNOs, bringing the total to +53x covering +3.2B Subscribers ✅Opened European Research Center w/ Vodafone and University of Malaga in Spain ✅Signed Deal w/ Singapore’s Defense Science and Technology Agency ✅Joined 5G Automotive Association, which develops and promotes 5G-based Solutions for Connected Autonomous Vehicles

$ASTS Changed to NET March 2026.