AST SpaceMobile (ASTS) Faces $3.2 Billion Cash Burn Despite U.S.-Japan Satellite Backing
Wall Street analysts project AST SpaceMobile will burn through approximately $3.2 billion in cash before reaching positive free cash flow in 2029. The company received a significant diplomatic boost after a U.S.-Japan joint statement welcomed its satellite partnership with Rakuten, sending shares up more than 8% intraday on October 6. The statement followed an October…