AST SpaceMobile: No MNO testimonial & no real news on results from test satellite; 5 follow-ons delayed to 2024

by Peter B. de Selding

PARIS — Satellite direct-to-smartphone broadband service startup AST SpaceMobile disappointed investors in a March 31 investor call and financial report, reporting no solid evidence that its experimental satellite, launched six and one-half months ago, is capable of delivering broadband connectivity.

The company said testing on the BlueWalker 3 satellite was continuing and that it would let its mobile network operator partners decide on the best moment to demonstrate clear results.

One of the reasons the release of AST’s 2022 financials was so . . .

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