All verified mentions of this organization in source documents.
AST SpaceMobile plans to launch as many satellites as it builds in 2025.
AST SpaceMobile requires Federal Communications Commission permission to provide commercial direct-to-smartphone services.
AST SpaceMobile expects over $155,000,000 in proceeds from a previously announced redemption of warrants, resulting in over $440,000,000 in cash on a pro forma basis as of 2024-06-30.
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, Google, and Vodafone have provided $110,000,000 in funding to AST SpaceMobile via convertible debt.
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.
AST SpaceMobile says it has agreements with over 45 mobile network operators worldwide serving more than 2.8 billion subscribers.
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.
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.
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.
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.
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.
Verizon plans to invest $100,000,000 in AST SpaceMobile.
AST SpaceMobile announced a definitive revenue-sharing agreement with AT&T that extends to 2030.
AST SpaceMobile raised $417,000,000 in 2021 by listing on the stock market via a merger with a special purpose acquisition company.
AT&T agreed to provide $20,000,000 in January as part of its relationship with AST SpaceMobile and the agreement did not include additional prepayment revenue beyond that $20,000,000.