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Using spectrum from terrestrial mobile network partners is a key element of SpaceX, Lynk Global, and AST SpaceMobile plans to provide direct-to-smartphone services.
Lynk has engaged BTIG, LLC to raise additional capital ahead of the closing of the business combination with Slam.
Lynk has signed 36 full commercial contracts with partners to provide coverage in approximately 50 countries.
Lynk ultimately plans to deploy 5,000 satellites in low Earth orbit for global direct-to-smartphone connectivity.
Lynk Global expects to make around $100,000 in revenue during the first three months of 2025 with 38 satellites in orbit.
Lynk Global spends around $300,000 for the parts needed to build each satellite in-house.
Lynk Global is seeking to raise more than $150,000,000 in total through its various capital-raising efforts tied to the merger and Series B.
Lynk Global is seeking to raise around $40,000,000 in a Series B funding round in parallel with the merger.
Lynk tested its cellphone-capable payload in orbit in 2019 on a Cygnus space station tug departing the International Space Station.
Lynk Global agreed to merge with Slam Corp. to raise money and list its shares on Nasdaq.
Lynk Global expects to generate $10,000,000 in revenue over the three months following the first quarter of 2025 with 38 satellites.
The merger deal between Lynk Global and Slam Corp. includes a minimum cash agreement of $110,000,000.
Lynk Global, Inc. and Telikom Limited have commenced initial Sat2Phone services using Lynk’s 'cell-towers-in-space.'
Lynk Global, Inc. is committed to expanding services across Oceania.
Lynk’s network deployment will enable continuous mobile coverage, surpassing the limitations of traditional terrestrial mobile towers.
The collaboration between Lynk Global and Telikom is expected to significantly enhance mobile coverage in Papua New Guinea.
Lynk Global is considering merging with Slam Corp., a SPAC led by Alex Rodriguez, to join the public market.
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.
Lynk Global plans to raise funds by merging with a shell company run by former professional baseball player Alex Rodriguez.
Lynk Global has not disclosed how much funding it hopes to raise from merging with Slam Corp.