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 is completing in-orbit health checks and other system tests on the BlueBird satellites before seeking permission to test wireless frequencies.
AST SpaceMobile expects to receive over $155,000,000 in proceeds from redemption of warrants.
AST SpaceMobile raised $417,000,000 from merging with a SPAC in 2021.
AST SpaceMobile targets approximately 100% nationwide coverage from space with over 5,600 coverage cells in the United States.
AST SpaceMobile is developing direct-to-smartphone satellites that would use cellular frequencies from telcos and other partners instead of L-band radiowaves.
AST SpaceMobile’s shares rebounded after announcing a commercial arrangement with U.S. telco AT&T and were up more than 92% from where they were at the start of the year.
AT&T agreed in January to make a $20,000,000 prepayment tied to the successful operations of the first five commercial BlueBird satellites that AST SpaceMobile is building in-house as Block 1.
AT&T, Google, and Vodafone have provided $110,000,000 in funding to AST SpaceMobile via convertible debt.
AST SpaceMobile announced a definitive revenue-sharing agreement with AT&T that extends to 2030.
Verizon plans to use AST SpaceMobile’s satellites to provide connectivity in remote corners of the United States where its land-based cellular signals do not reach customers.
Verizon plans to invest $100,000,000 in AST SpaceMobile.
AT&T has worked with AST SpaceMobile for six years and helped lobby the Federal Communications Commission for permission for direct-to-smartphone satellite players to provide commercial services in the United States.
The $100,000,000 commitment from Verizon comprises $65,000,000 in commercial prepayments and $35,000,000 in debt that pays interest to Verizon and could later be converted into AST SpaceMobile shares.
AST SpaceMobile raised $417,000,000 in 2021 by listing on the stock market via a merger with a special purpose acquisition company.
AST SpaceMobile’s Block 1 satellites are slated to be delivered to Cape Canaveral by the end of August for a SpaceX Falcon 9 launch to low Earth orbit.
AST SpaceMobile says it has agreements with over 45 mobile network operators worldwide serving more than 2.8 billion subscribers.
AST SpaceMobile received three non-binding letters of interest for export credit agency funding to help deploy up to 45 satellites by the end of 2026.
BlueWalker-3 was launched under a government contract two years before AST SpaceMobile recorded its first commercial revenue from the constellation.
AST SpaceMobile disclosed a definitive agreement with AT&T that extends until 2030 and upgrades a prior Memorandum of Understanding.
AST SpaceMobile projects capital expenditure needs of between $25,000,000 and $40,000,000 during the remaining quarterly periods of 2024.