AST SpaceMobile is a publicly traded satellite designer and manufacturer headquartered in Midland, Texas, focused on building a space-based cellular broadband network. Their SpaceMobile network aims to connect directly to standard, unmodified smartphones via their constellation of low Earth orbit satellites, like the BlueBird series. AST SpaceMobile partners with mobile network operators like AT&T, Verizon, and Vodafone to expand cellular coverage and provide connectivity in underserved areas, also securing contracts with the U.S. government for secure and reliable connectivity.
All verified mentions of this organization in source documents.
AST SpaceMobile will integrate its space-based cellular broadband connectivity with stc’s terrestrial infrastructure to expand mobile coverage across Saudi Arabia and select countries in the Middle East and Africa.
stc group committed to a prepayment of $175 million for future services as part of the agreement with AST SpaceMobile.
AST SpaceMobile and stc group signed a 10-year commercial agreement to enable direct-to-device satellite mobile connectivity across Saudi Arabia and key regional markets.
AST SpaceMobile will build three ground gateways in Saudi Arabia and establish a network operation center (NOC) in Riyadh to support network operations and service quality.
AST SpaceMobile aims to expand communication coverage throughout Saudi Arabia and specific countries in the Middle East and Africa by integrating with stc's terrestrial infrastructure.
AST SpaceMobile is currently preparing to construct the constellation using the second-generation Block 2 satellites.
AST SpaceMobile has announced commercial agreements with AT&T, Vodafone, and Verizon.
stc group signed a 10-year commercial agreement with AST SpaceMobile for direct-to-cell services.
The commercial agreement between stc group and AST SpaceMobile includes a $175 million pre-payment.
AST SpaceMobile is preparing to launch its Block 2 BlueBird satellites and expects at least five launches by the end of the first quarter of 2026.
The deal is AST SpaceMobile's first in the Middle East and will serve stc group customers across Saudi Arabia and select countries in the Middle East and Africa.
AST SpaceMobile will build three ground gateways in Saudi Arabia and establish a network operations center in Riyadh.
Commercial services from AST SpaceMobile are anticipated to launch during the fourth quarter of 2026, contingent upon regulatory authorization and licensing.
AST SpaceMobile's convertible notes start at a price of approximately $96.30 per share, reflecting a 22.5 percent premium over the October 21, 2025 closing price.
AST SpaceMobile has priced a registered direct offering of about 2 million shares of Class A common stock at $78.61 per share, set to close on October 29, 2025.
After January 22, 2029, AST SpaceMobile may opt to redeem the notes for cash if specific liquidity and share price conditions are satisfied.
AST SpaceMobile can settle conversions with cash, stock, or a combination of both.
Funds from the notes will support AST SpaceMobile's global satellite network deployment and expansion into new markets for commercial and government applications.
LVM3-M6 is set to launch AST SpaceMobile's 1st BlueBird Block 2 satellite in the 1st week of December.
Seraphim Space Investment Trust exercised options it held in AST SpaceMobile and disposed of some of its holdings in April of this year.