Kevin Chen

$ASTS: My updated summary of @AST_SpaceMobile post-Q1 2026 update 👇 PROVEN TECHNOLOGY + Broadband D2D technology, protected by approximately 3,900 patents and patent-pending claims + Demonstrated peak data rate of 98.9 Mbps over international waters + Proven spectral efficiency of at least 3 bits/Hz, with Block 2 BlueBird satellites expected to achieve ~200 Mbps downlink per beam + Proven seamless satellite-to-satellite handover + Actively working on ~10 distinct non-communications use cases, each in various stages of maturity and each having potential to grow into government contracts worth "hundreds of millions" of annual revenue each + Actively demonstrating low band radar applications to the US government, supporting the needs of Golden Dome PARTNERSHIPS + Multiple 5 to 10 year commercial definitive agreements and/or equity investments with major key MNOs around the world: AT&T, FirstNet, Verizon, Vodafone, STC Group, Bell, and Telus + Nearly 60 memorandums of understanding and/or agreements with global MNOs that are on a path to commercial definitive agreements + European joint venture with Vodafone: Satellite Connect Europe, which has partnerships with Orange, Telefonica, Axian Telecom, VodafoneThree UK, Vodafone Ireland, Romania, and Ukraine, CK Hutchison Group, Sunrise, and Taiwan Mobile + Prime Contractor to the US government/military + Teaming agreement with Fairwinds for communications applications for the US government/military REGULATORY/SPECTRUM + Full FCC commercial approval for 248 BlueBird satellites, which includes access to a total of up to 53x53 MHz low band MNO spectrum in the US + 1,150 MHz low and mid-band tunable MNO spectrum globally + 80 year access to Ligado's 45 MHz of MSS L-band in North America + Pending requests with the FCC for up to 45 MHz of MSS S-band internationally CONTRACTS/REVENUE BACKLOG + Over $1.2B of contracted commercial revenue backlog + Rapidly growing government revenue backlog with over 10 government contracts + Anticipates 150M to 200M revenue in 2026 with upside potential + Anticipates ~1B revenue in 2027 with upside potential MANUFACTURING AND LAUNCH + 6 commercial BlueBird satellites in orbit + Next 3 BlueBirds (BB8-10) scheduled to launch in mid-June on a SpaceX Falcon 9 vehicle + Guiding for approximately 45 BlueBirds in orbit by year-end + Multi launch contracts with SpaceX, Blue Origin, and an undisclosed medium/heavy lift vehicle on standby (in advanced discussions with ULA for Vulcan?) + Up to BB33 in advanced stages of assembly, with microns completed to BB33 + Phased arrays completed to BB28 + Manufacturing pace supports a launch cadence of every 1 to 2 months on average + Over 500,000 sqft of manufacturing at full production + Investments completed to enable a production capacity of 6 satellites per month with room to grow to 10 or 12 per month via automation and facility expansions + Dedicated micron production facility in Texas is now fully operational, with capacity to support over 10 satellites’ worth of microns per month + Over 2,000 global workforce CASH/LIQUIDITY + Robust ~3.5B cash/liquidity on current balance sheet, fully funded for ~100 BlueBird satellites + Reiterated no plans for more convertible notes in 2026

$QS: My one post summary of @QuantumScapeCo 👇 PROVEN TECHNOLOGY + Two major innovations: anodeless architecture (at manufacturing) and proprietary solid ceramic separator + Cathode agnostic + The only NO-COMPROMISE solid state battery solution which makes no sacrifices on the 5 main factors of battery design: Energy, Fast Charge, Life, Safety, and Cost + QSE-5: ~5 Ah cell with energy density 844 Wh/L capable of <15-min fast charge (10 to 80% State of Charge) + A0 Sample tested by Volkswagen's PowerCo for >95% energy retention at >1,000 full cycle equivalents + Safety: Solid-state ceramic separator is nonflammable and noncombustible + Cost (at scale): Eliminates anode host material and related manufacturing costs. This removes dependency on China-dominated graphite anode supply chain. + Operates at low pressure of <3.4 atm. No external pressure system required! + Implemented QSE-5 battery cells into a modified Ducati V21L race motorcycle in September 2025 + Cobra process shrunk ceramic baking process from many hours down to several minutes + Eagle Line, QS's pilot production line, has begun producing initial volumes of QSE-5 cells + 18-month cycles expected for new iterations of technology PARTNERSHIPS + Non-exclusive licensing agreement for up to 85 GWh with Volkswagen Group's battery subsidiary: PowerCo, including $130M of milestone payments + $130M of royalty prepayments + Joint Development Agreements with 2x Top 10 (by revenue) Global Automotive OEMs + Successfully completed technology evaluation phase with another Top 10 Global Automotive OEM, which will lead into another JDA + Total 4 out of the Top 10 Global Automotive OEMs will have a JDA or more advanced, with QS + Capital-light licensing agreement is a template for for all JDAs + OEM partners range from Japan, North America, and Europe + Ecosystem Partners: Murata in Japan and Corning in the US. Collaborations to pursue high-volume manufacturing of ceramic separators for QS’s solid-state battery technology + Agreements with other automotive OEMs: leading OEMs by global revenue, established global luxury OEM, premium performance OEM, and pure-play EV OEM + Agreements in other sectors: consumer electronics, stationary storage NON-EV APPLICATIONS + Corning: Consumer electronics, medical devices, military applications, and grid storage applications + AI data centers are transitioning to 800V DC designs and adopting power systems architecture and technology from the EV industry. A "natural fit for our no-compromise solid state battery". + Defense sector: "In addition, we have seen strong customer interest in our battery technology from global players in the military, aerospace and government sectors. Our battery technology unlocks step-change improvements to both energy density and power simultaneously; combined with the superior safety of our solid-state design, this is a highly attractive combination for these advanced applications. Our anode-free architecture also has supply-chain benefits. Conventional lithium-ion batteries require graphite that is almost exclusively sourced from China. In contrast, our battery design is graphite-free, eliminating a major pain point for defense applications." CASH/LIQUIDITY + Ended Q1 2026 with $904.7M + Cash runway plus expected customer billings are anticipated to be sufficient to the end of 2029 2026 ROADMAP + Demonstrate scalable production with the Eagle Line + Advance automotive commercialization + Expand into new high-value markets + Go beyond QSE-5

AI data centers aren't measured in compute anymore — they're measured in gigawatts. QS CTO @ironmantimholme & VP/GM Shahar Noy break down why energy flow is the next bottleneck for AI — and how solid-state batteries could help unlock it. 🔋 youtu.be/NrPC28BmYnk

Convoy complete. BlueBird 9 has officially arrived at Cape Canaveral,  ahead of the next Falcon 9 launch campaign.  🚀🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 Built in Texas. Broadband from space. Designed to connect directly to everyday smartphones. 🌎📶📱 #ASTSpaceMobile #Broadband #ConnectingtheUnconnected