Welcome to our dedicated page for Ast Spacemobile news (Ticker: ASTS), a resource for investors and traders seeking the latest updates and insights on Ast Spacemobile stock.
AST SpaceMobile Inc (NASDAQ: ASTS) pioneers next-generation space-based cellular connectivity through innovative LEO satellite technology. This hub provides investors and industry professionals with official updates on the company’s mission to deliver global broadband access via standard mobile devices.
Track critical developments including quarterly earnings, satellite deployment milestones, strategic partnerships, and technological breakthroughs. Our curated collection ensures transparent access to press releases and verified news about ASTS’ patented systems designed for remote connectivity solutions.
Discover updates across key operational areas: satellite manufacturing progress, regulatory approvals, defense sector applications, and emergency communication initiatives. Bookmark this page for real-time insights into how AST SpaceMobile bridges terrestrial network gaps through space infrastructure.
AST SpaceMobile and Cadence Design Systems announced their collaboration to develop the AST5000 ASIC, a custom chip designed for space-based cellular broadband network accessible by everyday smartphones. The chip enables up to a tenfold improvement in satellite processing bandwidth and is a key component of AST SpaceMobile's BlueBird program. Using Cadence's tools, IP, and Palladium Emulation Platform, the AST5000 ASIC is designed to support up to 10,000 MHz of processing bandwidth per satellite with data speeds up to 120 Mbps, enabling voice calls, data, and video applications through space-based cellular broadband.
AST SpaceMobile (NASDAQ: ASTS), pioneer in developing the first space-based cellular broadband network accessible by standard smartphones, has announced its participation in three major investor conferences. The company will attend the Deutsche Bank 2024 Global Space Summit and 13th Annual ROTH Technology Conference on November 20, and the UBS Global Media & Communications Conference on December 10, all taking place in New York. Interested investors can request meetings through their sales representatives or by contacting AST SpaceMobile's investor relations team.
AST SpaceMobile (ASTS) reported its Q3 2024 results, highlighting significant operational milestones. The company successfully deployed and initiated operations of its first five BlueBird satellites, and secured orbital launch capacity for up to 60 Block 2 BlueBird satellites during 2025-2026. The company maintains a strong financial position with $518.9 million in cash and equivalents. Operating expenses for Q3 2024 were $66.6 million, including $21.4 million in depreciation and stock-based compensation. The company expanded its ecosystem with three new U.S. Government contract awards and progressed in discussions with commercial partners.
AST SpaceMobile (NASDAQ: ASTS) has secured launch services agreements for its space-based cellular broadband network, planning to deploy up to ~60 Block 2 satellites during 2025 and 2026 from Cape Canaveral. The campaign will use existing launch vehicles and Blue Origin's New Glenn rocket. The Block 2 BlueBirds will feature up to 2,400 square foot communications arrays and deliver 10x the bandwidth capacity of current satellites, targeting 100% U.S. coverage with peak speeds up to 120 Mbps. The company has secured strategic investments from AT&T, Verizon, Google, and Vodafone in 2024, and has agreements with over 45 mobile network operators representing 2.8 billion subscribers globally.
AST SpaceMobile (NASDAQ: ASTS), developer of the first space-based cellular broadband network accessible by standard smartphones, announces its upcoming quarterly business update conference call scheduled for November 14th at 5:00pm ET. The company will accept and address selected questions from both retail and institutional shareholders during the call. Investors can submit questions via email to investors@ast-science.com and access the webcast through the company's investor relations website.
AST SpaceMobile (NASDAQ: ASTS) has successfully completed the unfolding of its first five commercial satellites, BlueBirds 1-5, six weeks after launch. These satellites represent the largest commercial communications arrays ever deployed in low Earth orbit. The company aims to provide 100% nationwide US coverage through 5,600 cells on low-band spectrum via partnerships with major operators like AT&T, Verizon, and Vodafone. The technology features large phased array antennas supported by over 3,450 patent claims, designed to connect directly to standard smartphones at broadband speeds without specialized equipment. The next generation of satellites is planned to offer ten times the current capacity.
AST SpaceMobile (NASDAQ: ASTS) has been selected by the Space Development Agency (SDA) for an Other Transaction agreement to compete for prototype demonstration projects under the HALO program. The program aims to accelerate advanced space technologies development for the Department of Defense. AST SpaceMobile will compete as a prime contractor, leveraging its space-based cellular broadband technology that features the largest commercial phased arrays in low Earth orbit. The company's technology, backed by over 3,450 patents and patent-pending claims, can serve both communications and non-communications applications, offering potential advantages for various government use cases.
AST SpaceMobile (NASDAQ: ASTS) announced the completion of its redemption of all outstanding publicly traded warrants to purchase shares of Class A common stock.
The warrants, issued under a 2019 agreement with Continental Stock Transfer & Trust Company, were redeemed at $0.01 per warrant on September 27, 2024.
Approximately 98.26% of the 13,360,574 Public Warrants were exercised for cash at $11.50 per share, generating around $153.6 million in proceeds.
The remaining 236,294 unexercised warrants were redeemed for a total of $2,362.94.
Following this redemption, no Public Warrants remain outstanding, and the warrants ceased trading on Nasdaq as of September 27, 2024. The Class A Common Stock continues to trade under the symbol “ASTS”.
AST SpaceMobile, a company building a space-based cellular broadband network accessible by smartphones, has announced preliminary results of its redemption of all outstanding publicly traded warrants. The redemption, announced on August 28, 2024, was set for September 27, 2024, at a price of $0.01 per warrant. Preliminary results show that 13,581,996 Public Warrants were exercised for cash at $11.50 per share of Class A Common Stock, representing about 99.89% of outstanding Public Warrants. Only 260,987 Public Warrants remained unexercised by the Redemption Date. Following this, the company had no Public Warrants outstanding, and they ceased trading on Nasdaq. The Class A Common Stock continues to trade under the symbol 'ASTS'.
AST SpaceMobile (NASDAQ: ASTS) has successfully launched its first five commercial satellites, called BlueBirds, from Cape Canaveral, Florida. These satellites are designed to provide space-based cellular broadband directly to everyday smartphones. The BlueBird satellites aim to offer non-continuous cellular broadband service across the United States and select global markets, with a capacity of up to 40 MHz and peak data transmission speeds of up to 120 Mbps.
The company has secured strategic investments from AT&T, Verizon, Google, and Vodafone, as well as new contract awards with the U.S. Government. AST SpaceMobile has agreements with over 45 mobile network operators globally, representing more than 2.8 billion existing subscribers. The company boasts over 3,400 patents and patent-pending claims for its technology and operates vertically integrated manufacturing and testing facilities in Midland, Texas.
