AST SpaceMobile loses $155M BB7 satellite in launch failure, raises $1.1B in debt

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 12, 2025 · ~2 min read

Key Changes

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  BB7 satellite lost April 19, 2026 due to incorrect orbital placement by launch vehicle; $155-160M write-off expected in Q2 2026. Company has filed insurance claims and expects replacement launch from provider.

  MD&A: BB7 satellite loss verify on EDGAR →
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  Raised $1.06B net proceeds via 2036 convertible notes in February 2026 for spectrum deployment, AI opportunities, government contracts, and debt reduction. Repaid $296.5M of higher-interest 2032 notes using equity issuances.

  MD&A: Capital structure verify on EDGAR →
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  Successfully launched and deployed first Block 2 BB6 satellite (December 2025-February 2026) with 2,400 sq ft phased array—3x larger than Block 1, designed for 10x bandwidth capacity. 33 satellites now in production pipeline.

  MD&A: BB6 launch and production verify on EDGAR →