All verified mentions of this organization in source documents.
AST & Science LLC announced plans on 2020-12-16 to become a publicly traded company through a special purpose acquisition company.
AST SpaceMobile expects to raise as much as $462,000,000 through the transaction, including up to $232,000,000 in cash from New Providence Acquisition Corp.
AST & Science is merging with New Providence Acquisition Corp. as it prepares to trade on the Nasdaq exchange in the first quarter of 2021 under the ticker symbol ASTS.
AST SpaceMobile expects to raise an additional $230,000,000 from investors including Rakuten, Vodaphone, American Tower, and UBS O’Conner through a private investment in public equity agreement to purchase common stock at $10 per share.
Abel Avellan expects AST SpaceMobile to be fully funded by the transaction and to become operating cash flow positive in 2023.
AST SpaceMobile plans to launch a next-generation satellite constellation to provide low-latency broadband wireless communications directly to standard smartphones without the need for specialized satellite hardware.
AST & Science is a Texas company developing a low Earth orbit constellation to provide 0.004 kg and 0.005 kg cellular coverage.
The Office of Strategic Management includes a division handling AST business operations and a division responsible for developing regulations, managing research, and conducting outreach.
The FAA sought a 6 percent increase in AST’s budget in its fiscal year budget proposal released in February primarily to hire nine people.
Since 2012, licensed activities overseen by AST increased 1,000 percent while AST’s budget and staffing increased roughly 40 percent.
Rakuten and Vodafone led a $110,000,000 investment in AST & Science.
AST & Science has raised $128,000,000 in total for its SpaceMobile constellation.
AST & Science plans to fund part of its satellite program with a combination of equity and debt.
AST & Science acquired a controlling interest in NanoAvionics in 2018.
AST & Science is building its satellites in an 85,000-square-foot facility at the Midland Air and Space Port in western Texas.
The Federal Aviation Administration requested $27,555,000 for the Office of Commercial Space Transportation (AST) in its fiscal year 2021 budget proposal.
The AST request for fiscal year 2021 represents a nearly 6% increase from the $26,040,000 AST received for fiscal year 2020.
The Federal Aviation Administration approved a reorganization of the Office of Commercial Space Transportation (AST) to improve efficiency amid growing launch activity.
The Federal Aviation Administration’s Office of Commercial Space Transportation (AST) formally announced on 2019-07-22 that it was extending the public comment deadline for a notice of proposed rulemaking (NPRM) to streamline commercial launch and reentry regulations from 2019-07-30 to 2019-08-19.
The FAA was directed by a reauthorization bill last year to create an Office of Spaceports within AST.