Repeated Delays Push AST SpaceMobile's Satellite Launch to 2024 Q3
More delays for the launch of AST SpaceMobile's first commercial satellites
In its fourth-quarter earnings press release, AST SpaceMobile disclosed that the launch of Block 1 BlueBird commercial satellites is delayed to 2024 Q3. Supply chain issues have caused multiple setbacks, testing investors' patience.
Issues with suppliers affect launch schedule
CEO Abel Avellan attributed the delays to integration and testing issues with suppliers. The company seeks to address these challenges by acquiring a license for component manufacturing and designing a workaround for the problematic supplier.
Future prospects and setbacks
Despite setbacks, AST SpaceMobile plans for the launch of Block 2 BlueBird satellites in 2024-2025. Investors remain cautious following the extended delays, impacting the company's stock performance.
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