$ASTS Why would ASTS need another $400M, now that they had $567M cash at New Year?

By the end of 2024, the monthly operating expenditures were $20M. Let's assume 20% higher costs in 2025. 

Contracted launch costs: $500M for 1x1 + 2x4 + 4x8 = 41 satellites in 7 launches.

So, the foreseen expenses would be in the size of:

$500M + 12 x 24M = $788M

In the Q3 ASTS said that "We currently expect our average costs of direct materials and launch expense per satellite for our Block 2 constellation to be in the range of $19 million to $21 million".

They also said, "This significant increase in our cash balance from recent prior periods is important for us in providing the ability and the flexibility to move quickly on our strategic goals".

And not to forget, they also said: "Our work on a financing package from export credit agencies is progressing nicely, and we have now filed the formal application for a long-term debt package. If this application is successful, we can use the proceeds to source cost-effective long-term debt funding of large projects". So, we still should not rule out this option.

The goal is to launch 60 satellites by 2026.
#ASTS