SpaceX Is Helping AST SpaceMobile Chase Its $1 Billion Revenue Goal

AST SpaceMobile, Inc. (NASDAQ: ASTS ) is getting closer to turning its satellite network into a commercial business, and Space Exploration Technologies Corp. (NASDAQ: SPCX ) is helping put the pieces in orbit. SpaceX has now launched six of AST SpaceMobile’s BlueBird satellites this year, including BlueBirds 8—10 in June and BlueBirds 11—13 on Aug. 5. The latest Falcon 9 mission brought AST SpaceMobile’s total BlueBird count in orbit to 13. For AST SpaceMobile, those launches are part of a much bigger race: building enough of its constellation to begin commercial service and move toward a revenue target of nearly $1 billion. "We still, nothing’s changed on our expectation and our goal of reaching approaching a billion of revenue in our first year of commercial service," Chief Strategy Officer Scott Wisniewski said during the company’s second-quarter earnings call. The Sate...