Key Highlights: Successful Launch and Deployment of Block 1 Satellites: ASTS launched five first-generation commercial BlueBird (BB) satellites on September 12, 2024. The deployment of communication phased array antennas and Q/V antennas was completed in October 2024, marking the satellites ready for their intended use as of October 29, 2024. This marks a significant milestone for the company and its plans to initiate limited SpaceMobile Service. Continued Testing of BlueWalker 3 Satellite: The BlueWalker 3 test satellite continues to demonstrate successful two-way voice calls, 4G and 5G connectivity with download speeds exceeding 21 Mbps, and spectral efficiency of approximately 3 bits per hertz. The satellite is also undergoing testing for non-communication government applications. Financial Performance:Revenue: $2.5 million for the nine months ended September 30, 2024, generated from a U.S. government contract. Net Loss: $264.2 million for the nine months ended September 30, 2024. The loss was primarily driven by: Increased operating expenses, including a $12.4 million increase in stock-based compensation expense. A loss of $284.8 million on the remeasurement of warrant liabilities due to warrant exercises and the increase in share price. Liquidity: As of September 30, 2024, ASTS had $518.9 million in cash and cash equivalents. The company expects this, along with access to a $400 million at-the-market equity program, to be sufficient to meet its needs for the next 12 months. Capital Raising Activities: ASTS has been actively raising capital to fund its operations: Completed a $400 million at-the-market offering program. Redeemed all outstanding public warrants, generating $153.3 million in proceeds. Issued $145 million in convertible notes to strategic investors (AT&T, Google, Vodafone, and Verizon). Secured a $15 million capital equipment loan. Repayment of Senior Secured Credit Facility Loan: ASTS repaid the $54.9 million Senior Secured Credit Facility Loan on November 13, 2024. This resulted in the classification of the loan as a current liability in the Q3 2024 balance sheet. Legal Matters: ASTS is involved in several legal proceedings, including class action lawsuits in Delaware and Texas. The Delaware Stockholder Class Actions are scheduled for a hearing on a Motion to Dismiss on February 3, 2025. The Securities Class Action in Texas was voluntarily dismissed without prejudice. The Derivative Action in Texas was voluntarily dismissed with prejudice. Strategic Partnerships and Agreements:Entered into a space-based wireless connectivity agreement with AT&T Services to provide SpaceMobile Service in the continental United States (excluding Alaska) and Hawaii. Received a $20 million commercial prepayment from Verizon Wireless for future service revenue. Completed a series of transactions with Rakuten Mobile, Inc., leading to the acquisition of 28,520,155 shares of Class A Common Stock by Rakuten Mobile. Completed transactions with Antares Technologies LLC, resulting in the acquisition of 10,445,200 shares of Class A Common Stock by Antares.