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AST SpaceMobile Inc - ASTS STOCK NEWS

Welcome to our dedicated news page for AST SpaceMobile (Ticker: ASTS), a resource for investors and traders seeking the latest updates and insights on AST SpaceMobile.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AST SpaceMobile's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AST SpaceMobile's position in the market.

News
AST SpaceMobile Provides Business Update and Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
AST SpaceMobile, Inc. provides a business update, highlighting key investments, commercial agreements, FCC approvals, production capabilities, orbital launch updates, custom ASIC development, funding sources, and financial highlights. The company's cash position and operating expenses show significant growth, with a focus on strategic partnerships, technological advancements, and financial stability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.57%
Tags
earnings
-
News
AST SpaceMobile ASIC Chip Enters Tape-Out Phase in Collaboration with TSMC
Rhea-AI Summary
AST SpaceMobile, Inc. (ASTS) announces the commencement of the tape-out phase for its ASIC in collaboration with TSMC, marking a significant milestone in the development of its BlueBird Block 2 program. The AST5000 ASIC is designed to enhance processing bandwidth on satellites, enabling seamless space-based cellular broadband services worldwide. With over $45 million in development and 150 man-years of work, AST SpaceMobile is advancing towards global connectivity with innovative technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
clinical trial
-
News
AST SpaceMobile to Provide Quarterly Business Update on April 1, 2024
Rhea-AI Summary
AST SpaceMobile, Inc. (ASTS) will hold a quarterly business update conference call on April 1st. Investors can submit questions and access the call via webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.76%
Tags
none
News
AST SpaceMobile Updates Licensing Administration of its Satellite Constellation
Rhea-AI Summary
AST SpaceMobile, Inc. updates satellite filings with ITU and FCC, placing planned satellites under US jurisdiction. The company aims to provide global services while aligning strategically with the US. AST SpaceMobile emphasizes its US-based operations and innovation. The FCC's rulemaking process and partnerships with major companies and mobile network operators showcase the company's progress towards offering commercial services in the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
none
-
News
AST SpaceMobile's Abel Avellan Appointed Commissioner to the ITU/UNESCO Broadband Commission
Rhea-AI Summary
AST SpaceMobile, Inc. (ASTS) announces CEO Abel Avellan's appointment as a Commissioner to the ITU/UNESCO Broadband Commission. The company's mission to connect the unconnected aligns with the Commission's goal of universal connectivity by 2030. Avellan's leadership in technological innovation for space-based cellular broadband network signifies a pivotal step towards global broadband access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
none
-
News
AST SpaceMobile Announces Participation in Upcoming Conferences
Rhea-AI Summary
AST SpaceMobile, Inc. (ASTS) announces participation in key industry and investor conferences, including Mobile World Congress and ROTH Conference. Investors can request meetings with the company's management at these events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.21%
Tags
conferences
News
AST SpaceMobile Announces New Contract Award with United States Government Through Prime Contractor
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.07%
Tags
none
-
News
AST SpaceMobile CEO Publishes Letter to Shareholders
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none
-
News
AST SpaceMobile, Inc. Announces Pricing of $100,000,000 Public Offering of Class A Common Stock
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.72%
Tags
offering
News
AST SpaceMobile, Inc. Announces Launch of Offering of $100,000,000 of Class A Common Stock
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.72%
Tags
none
Stock ASTS logo
AST SpaceMobile Inc

Nasdaq:ASTS

ASTS Rankings

#3391 Ranked by Market Cap
#4862 Ranked by Stock Gains
N/A Ranked by Dividends

ASTS Stock Data

538.00M
122.97M
13.71%
25.15%
19.99%
Satellite Telecommunications
Information
Link
United States
Midland

About ASTS

ast is a designer and manufacturer of next-generation satellites for low-earth orbit (leo). we’re dramatically transforming how satellites are designed, built and used, opening up a broad range of new commercial, defense and emergency-response applications. our patented technologies are driving down satellite acquisition costs and accelerating time to market.