
AST SpaceMobile reported a net loss of $22.29 million for the third quarter with revenue of 4.17 million as the company launched its first communications satellite into orbit.
A SpaceX Falcon 9 rocket carried the BlueWalker 3 (“BW3”) test satellite into orbit on Sept. 10. The spacecraft has since unfurled its massive antenna that measures 64 square meters (689 square feet). It is the largest communications satellite array ever deployed in Earth orbit.
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