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AST SpaceMobile AST SpaceMobile Provides Second Quarter 2021 Business Update August 16 , 2021 MIDLAND , Texas -- ( BUSINESS WIRE ) -- Aug . 16 , 2021-- AST SpaceMobile , Inc. ( " AST SpaceMobile " ) ( NASDAQ : ASTS ) , the company building the first and only space - based cellular broadband network accessible directly by standard mobile phones , today provided its business update for the second quarter of 2021 . " Since our public market debut on April 7th , we have made significant industrial , commercial and organizational progress towards delivering the SpaceMobile network , " said Abel Avellan , Chairman and CEO of AST Space Mobile . " The launch of our next prototype spacecraft , BlueWalker 3 , is expected in March 2022. We are also working day and night as we make progress in finalizing the design of our next - generation production spacecraft , BlueBird 1 , with investments in our Midland , Texas facilities and global supplier development . " Abel added , " Today , we are also happy to announce that we are finalizing a Memorandum of Understanding with MTN Group to begin negotiations regarding testing alongside BlueWalker 3 for an initial two countries . We have entered into agreements and understandings with mobile network operators which collectively cover approximately 1.5 billion mobile subscribers . " Business Highlights • Confirmed the BlueWalker 3 launch timing with SpaceX from Cape Canaveral during a window beginning March 2022 • Continued investments in the buildout of our Midland , Texas facilities and global supplier development • Signed Memoranda of Understanding ( " MOUS " ) with Smart Communications , Africell , MUNI , UT Mobile , LIBTELCO and others • Increased to approximately 1.5 billion the number of subscribers represented by mobile network operators who have agreements and understandings with AST Space Mobile as of August 16 , 2021 , compared to 1.3 billion at March 31 , 2021 Regulatory approval received in 6 countries to date , which countries have a population of over 360 million ● • Growth of 62 employees across all offices in the second quarter of 2021 , now with a team of 454 , including 261 full - time employees , 49 full - time contractors and 144 employees of 3rd party engineering service providers working on AST SpaceMobile • Opened our UK Office at Space Park Leicester , which will house business development , engineering and regulatory functions Second Quarter 2021 Financial Highlights • Ended the second quarter with cash and cash equivalents of $ 402.6 million and no financial debt as of June 30 , 2021 • Total operating expenses of $ 25.1 million for the second quarter of 2021 , compared to $ 12.1 million in the first quarter of 2021 , primarily due to an increase in research and development costs of $ 8.7 million • Incurred $ 51.7 million of capitalized costs , including non - recurring engineering relating to the BlueWalker 3 test satellite , as of August 16 , 2021 • Incurred $ 15.7 million of total investments in property and equipment , net of accumulated depreciation , as of June 30 , 2021 Conference Call Information AST Space Mobile will hold a quarterly business update conference call at 5:00 p.m. ( Eastern Time ) today , August 16 , 2021. The call will be accessible via a live webcast on the Events page of AST SpaceMobile's Investor Relations website at https://investors.ast-science.com/ . An archive of the webcast will be available shortly after the call . About AST SpaceMobile AST Space Mobile is building the first and only global broadband cellular network in space to operate directly with standard , unmodified mobile devices based on our extensive IP and patent portfolio . Our team of engineers and space scientists is on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected . Follow AST SpaceMobile on Twitter @AST_Space Mobile and LinkedIn . For additional information or to be added to our investor relations email alerts list , please visit us at https://investors.ast-science.com/ir-resources / email - alerts . Forward - Looking Statements This communication contains " forward - looking statements " that are not historical facts , and involve risks and uncertainties that could cause actual