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.
The underwriter has a 30-day option to purchase up to an additional 4,838,709 shares of AST SpaceMobile, Inc. Class A common stock at the public offering price, less underwriting discounts and commissions.
AST SpaceMobile plans to draw up to $51,500,000 from an existing debt facility.
AST SpaceMobile priced a $100,000,000 stock sale at $3.10 per share on 2025-01-18, representing a 25.5% discount to the previous day’s trading price.
AST SpaceMobile plans to raise at least $100,000,000 by selling discounted shares.
AST SpaceMobile took out $115,000,000 in debt to fully fund the five Block 1 BlueBird satellites in August 2024.
AST SpaceMobile plans to raise an additional $155,000,000 to help fund its direct-to-smartphone connectivity constellation.
Vodafone agreed to make a $25,000,000 prepayment for a future AST SpaceMobile commercial service as part of its investment.
AST SpaceMobile aims to deploy commercial services in 2025 as the venture prepares to start producing follow-on spacecraft twice as big as its first five 1,500-kilogram BlueBird Block 1 satellites.
Most of the strategic investment announced 2025-01-18, totaling $110 million, is in the form of a debt instrument that pays interest to Google, AT&T, and Vodafone and could later be converted into shares in AST SpaceMobile.
AST SpaceMobile’s $100,000,000 equity offering could raise an additional $15,000,000 if its underwriter exercises an option to buy all shares on the table.
AST SpaceMobile raised $417,000,000 in 2021 by merging with a special purpose acquisition company and listed on the Nasdaq stock exchange.
Google and AT&T joined a $155,000,000 strategic investment in AST SpaceMobile.
AST SpaceMobile stated that 90 BlueBird satellites are needed to provide a 0.005 kg broadband service that includes voice and data capabilities.
AT&T agreed to make a $20,000,000 prepayment for a future AST SpaceMobile commercial service as part of its investment.
BlueWalker-3 is a 1,500-kilogram prototype developed by AST SpaceMobile.
Other companies, including SpaceX, Lynk Global, and AST SpaceMobile, are developing constellations to provide connectivity directly to unmodified smartphones using spectrum from mobile network operator partners.
AST SpaceMobile is seeking to secure funds in January 2024 from multiple parties ahead of launching its first five commercial satellites early in 2024 on a Falcon 9.
AST SpaceMobile is seeking to close and fund a previously disclosed strategic investment in January 2024 with multiple parties, subject to completion of final documentation and approvals.
AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on its IP and patent portfolio.
AST SpaceMobile raised $417,000,000 by merging with a SPAC in 2021 and is seeking more funds.