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Multiple everyday smartphones achieved 0.004 kg LTE download speeds during tests with AST SpaceMobile’s BlueWalker 3 prototype.
AST SpaceMobile raised around $417,000,000 through its initial public offering approximately a year and a half before the November share sale.
AST SpaceMobile last completed a share sale in November to raise at least $75,000,000.
AST SpaceMobile sold 12.5 million shares on 2023-06-27 at around $4.75 per share.
AST SpaceMobile shares were trading at around $4.70 on NASDAQ, down about 30% from where they were the day before the 2023-06-27 share sale announcement.
AST SpaceMobile expects to use between $15,000,000 and $25,000,000 per quarter for non-launch-related capital expenditures.
AST SpaceMobile expects to pay around $45,000,000 to $50,000,000 over the next three months for launch and related services.
AST SpaceMobile’s engineers achieved 0.004 kg LTE download speeds during tests of BlueWalker 3 earlier in the month.
AST SpaceMobile achieved repeated download speeds above 10 megabits per second in Hawaii with multiple mass-market smartphones.
AST SpaceMobile, in partnership with AT&T and Japanese telco Rakuten, made its first voice call on 2023-04-20 using an unmodified Samsung Galaxy S22 smartphone and the BlueWalker 3 test satellite.
AST SpaceMobile plans to launch 20 Block 2 satellites later in 2024 that would be 50% larger than the Block 1 satellites.
AST SpaceMobile plans to launch its first five commercial satellites, called Block 1, in the first quarter of 2024 on a SpaceX Falcon 9 rocket.
AT&T requested regulatory permission on 2023-05-10 to lease AST SpaceMobile the wireless spectrum needed to connect smartphones in the United States to AST SpaceMobile’s planned constellation.
AST SpaceMobile has said its Block 2 batch is needed to provide coverage to the most commercially attractive markets.
AST SpaceMobile built state-of-the-art facilities in Midland, Texas that collectively span 185,000 square feet.
AST SpaceMobile completed the first-ever two-way voice calls directly to unmodified smartphones using the BlueWalker 3 satellite.
AST SpaceMobile made the first voice call with a standard smartphone using its BlueWalker 3 test satellite in low Earth orbit on 2023-04-20.
The Block 1 satellites are about the same size and weight as AST SpaceMobile’s 1,500-kilogram BlueWalker-3 prototype satellite that launched in November.
AST SpaceMobile recorded $239,300,000 in cash reserves at the end of 2022.
AST SpaceMobile requires Block 2 to provide coverage to the most commercially attractive MNO markets.