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Ast Spacemobile Inc - ASTS STOCK NEWS

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AST SpaceMobile, Inc. (symbol: ASTS) is a pioneering company in the aerospace industry, specializing in the design and manufacture of next-generation satellites for low Earth orbit (LEO). The company is at the forefront of transforming satellite technology, making significant advancements in reducing acquisition costs and speeding up the time to market for new satellites.

AST SpaceMobile's core mission is to build a cellular broadband network in space that operates directly with standard, unmodified mobile devices. This ambitious project aims to bridge the connectivity gaps that many mobile subscribers face, bringing high-speed broadband to billions of people who remain unconnected. The company leverages an extensive IP and patent portfolio to achieve this goal, ensuring that their technology is both innovative and effective.

One of the standout features of AST SpaceMobile is its spaceMobile Service. This service is designed to provide cost-effective, high-speed cellular broadband to users who are beyond the reach of terrestrial cellular networks. By using existing mobile devices, AST SpaceMobile is making it easier for end-users to access reliable internet services, regardless of their geographical location.

In recent years, AST SpaceMobile has achieved several milestones and entered into key partnerships that underscore its commitment to innovation and excellence. The company's patented technologies continue to drive the industry forward, opening up new commercial, defense, and emergency-response applications.

Financially, AST SpaceMobile is positioned to make substantial impacts in the satellite and telecommunications sectors. Their ongoing projects and future endeavors are closely watched by investors and industry experts alike, as the company aims to redefine how the world stays connected.

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AST SpaceMobile, Inc. (ASTS) has announced a new contract award from a prime contractor working with the United States Government. The company's patented technology and large phased array antenna technology in space create opportunities for new mission-critical capabilities in the government sector. The revenue-generating contract for an undisclosed amount will be supported by the company’s BlueWalker 3 satellite and its next five commercial satellites, marking a significant milestone in AST SpaceMobile’s growth trajectory.
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AST SpaceMobile, Inc. announced strategic investments from AT&T, Google, and Vodafone, along with aggregate new financing of up to $306.5 million. The company secured commercial revenue with AT&T and Vodafone, and is in discussions with additional strategic partners. The largest piece of capital raised was 10-year subordinated convertible notes with 5.50% interest, with a conversion price of $5.75 per share. The company is well-positioned to finance AST SpaceMobile efficiently for shareholders.
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AST SpaceMobile, Inc. (ASTS) has priced its public offering of 32,258,064 shares of Class A Common Stock at $3.10 per share, with a 30-day option to purchase an additional 4,838,709 shares. The gross proceeds to the company will be approximately $100 million, with the potential to increase to $115 million if the underwriter exercises its option in full. The net proceeds will be used for general corporate purposes. The offering is expected to close on January 23, 2024. UBS Investment Bank, Barclays, Deutsche Bank Securities, B. Riley Securities, and Scotiabank are the joint book-running managers and runners for the offering. The company has filed a shelf registration statement with the SEC for the offering, declared effective on November 10, 2022.
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AST SpaceMobile, Inc. (ASTS) has announced a public offering of $100,000,000 of its Class A common stock, with an option for underwriters to purchase an additional $15,000,000. The net proceeds will be used for general corporate purposes. UBS Investment Bank, Barclays, Deutsche Bank Securities, B. Riley Securities, and Scotiabank are involved in the offering. The registration statement was declared effective on November 10, 2022.
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AST SpaceMobile secures strategic investment from AT&T, Google, and Vodafone, raising $206.5 million to accelerate the global connectivity mission. The investment aims to provide 5G broadband service from space to billions of people worldwide. The company's patented technology facilitates broadband connectivity directly to standard, unmodified cellular devices, adhering to today’s cellular standards. AST SpaceMobile operates the largest-ever commercial communications array in low Earth orbit, solidifying its status as the industry’s leading innovator. With over 40 agreements and understandings with mobile network operators globally, the company is poised to be the solution for eliminating cellular connectivity gaps around the world.
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AST SpaceMobile, Inc. (ASTS) provided an interim update on fundraising progress, aiming to close and fund a strategic investment in January 2024. The company also secured initial ground infrastructure orders from two customers for planned commercial service.
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AST SpaceMobile, Inc. (NASDAQ: ASTS) is progressing with its space-based cellular broadband network, with plans for initial commercial service in 2024. The company announced the manufacturing of its first five commercial satellites at full speed in Texas and the expected launch in Q1 2024. The business update also highlighted the BlueWalker 3 testing program's achievement, with space-based 5G cellular broadband capabilities demonstrated, and a strategic investment process in progress. Financially, the company reported cash, cash equivalents, and restricted cash of $135.7 million as of September 30, 2023, with total operating expenses for the third quarter of 2023 at $59.0 million. AST SpaceMobile will hold a quarterly business update conference call on November 14, 2023.
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AST SpaceMobile announces quarterly business update conference call and provides preliminary estimated financial results for Q3 2023. Cash and cash equivalents of $135.7 million. Adjusted operating expenses between $36.2 and $38.2 million. $224.2 million of capitalized property and equipment costs. BlueWalker 3 demonstrates space-based 5G capabilities. First five commercial satellites to be launched in Q1 2024. Expect to enter into commercial agreements for revenue in 2024. Adjusted operating expenses to be $25-30 million per quarter starting from Q1 2024. Fundraising efforts with strategic partners ongoing.
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AST SpaceMobile achieves first-ever 5G connection between a smartphone and satellite in space
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AST SpaceMobile, Inc. (ASTS) Receives $100 Million Strategic Financing from Atlas Credit Partners (ACP) to Build Global Satellite-Based Cellular Broadband Network
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FAQ

What is the current stock price of Ast Spacemobile (ASTS)?

The current stock price of Ast Spacemobile (ASTS) is $28.64 as of February 21, 2025.

What is the market cap of Ast Spacemobile (ASTS)?

The market cap of Ast Spacemobile (ASTS) is approximately 6.3B.

What does AST SpaceMobile, Inc. do?

AST SpaceMobile, Inc. designs and manufactures next-generation satellites for low Earth orbit, aiming to provide cellular broadband through space.

What is spaceMobile Service?

SpaceMobile Service is designed to offer high-speed cellular broadband to users out of terrestrial coverage using standard mobile devices.

How does AST SpaceMobile's technology benefit users?

Their technology aims to eliminate connectivity gaps, providing broadband to billions who remain unconnected using existing mobile devices.

What recent achievements has AST SpaceMobile accomplished?

The company has made significant advancements in reducing satellite acquisition costs and speeding up the time to market.

What applications do AST SpaceMobile's satellites support?

Their satellites support a broad range of commercial, defense, and emergency-response applications.

How does AST SpaceMobile's technology affect the satellite industry?

Their patented technologies are driving down costs and accelerating deployment, transforming how satellites are designed and used.

What type of network is AST SpaceMobile building?

They are building a space-based cellular broadband network that operates directly with standard, unmodified mobile devices.

Who are the target users for AST SpaceMobile's services?

Their services target mobile subscribers who face connectivity gaps, especially in regions beyond terrestrial cellular coverage.

What is the significance of AST SpaceMobile's IP and patent portfolio?

Their extensive IP and patent portfolio is crucial for developing innovative and effective satellite technology.

What financial outlook does AST SpaceMobile have?

The company is well-positioned to make significant impacts in the satellite and telecommunications sectors, closely watched by investors.
Ast Spacemobile Inc

Nasdaq:ASTS

ASTS Rankings

ASTS Stock Data

6.34B
145.95M
30.37%
42.87%
18.97%
Communication Equipment
Communications Services, Nec
Link
United States
AUSTIN