Ast Spacemobile Inc Stock Price, News & Analysis

AST SpaceMobile has signed a Memorandum of Understanding (MoU) with Globe Telecom to explore extending its space-based cellular broadband network to Globe's customers, which include approximately 86 million wireless subscribers in the Philippines. This collaboration aims to improve connectivity in remote areas across the country's many islands. Astro SpaceMobile is building the first global cellular broadband network designed to work with standard mobile phones, addressing the connectivity gaps for over 5 billion mobile users.

AST SpaceMobile (NASDAQ: ASTS) provided a business update for Q4 and FY 2021, highlighting the near completion of its BlueWalker 3 satellite assembly and testing, set for a summer launch. The company expanded its workforce, grew mobile network partnerships to over 1.8 billion subscribers, and purchased a new 100,000 sq. ft. facility in Texas for satellite manufacturing. Financially, Q4 operating expenses increased to $31.3 million, while cash reserves stood at $324.5 million. A conference call is scheduled for March 31, 2022, to discuss further developments.

Pixxel, a leader in hyperspectral remote sensing, has successfully closed a $25 million Series A funding round led by Radical Ventures. The funding will accelerate the production of Pixxel's hyperspectral satellite constellation, which aims to provide AI-powered insights to tackle climate issues. The first satellite is set to launch on SpaceX's Transporter-4 mission in April. Pixxel's innovative technology boasts 50x higher resolution than existing sensors and can analyze the Earth's surface in real-time across numerous applications, including agriculture and environmental monitoring.

AST SpaceMobile, Inc. (NASDAQ: ASTS) has signed a non-binding memorandum of understanding with Orange S.A., a major global telecommunications operator. This collaboration aims to explore the testing of SpaceMobile services in Africa, enhancing connectivity for mobile users. The initiative follows AST SpaceMobile's upcoming launch of the BlueWalker 3 satellite, designed to communicate directly with standard mobile phones. The partnership seeks to extend mobile coverage to underserved areas, benefiting millions of users currently lacking cellular broadband access.

AST SpaceMobile (NASDAQ: ASTS) announced a quarterly business update conference call on March 31 at 5:00 p.m. Eastern Time. During the call, management will address questions from retail and institutional shareholders about the company’s business and financial results. Interested investors can submit questions via email and access the call via a live webcast on the company's Investor Relations website.

AST SpaceMobile aims to establish a global cellular broadband network in space, directly connecting standard mobile devices.

AST SpaceMobile has announced a multi-launch agreement with SpaceX, securing the launch of its first production satellites, including BlueWalker 3 in summer 2023. This agreement will facilitate the future launch of BlueBird satellites, enhancing broadband service for mobile devices globally. The BlueWalker 3 satellite, designed to communicate with cell phones, will be launched from Cape Canaveral using a Falcon 9 rocket. The company aims to produce up to six BlueBird satellites monthly at its Texas facility, addressing connectivity gaps for five billion mobile subscribers worldwide.

AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced a revised launch window for its BlueWalker 3 satellite, pushing the target to Summer 2022. Originally set for March to April 2022, this delay aims to provide necessary time for assembly and testing. CEO Abel Avellan highlighted the satellite's capacity to connect unmodified mobile phones from low Earth orbit, addressing significant connectivity gaps for five billion mobile subscribers. The delay comes following evaluation discussions during their Q3 2021 Business Update and is contingent on coordination with the launch services provider.

AST SpaceMobile (NASDAQ: ASTS) provided a third-quarter business update, highlighting significant progress on its BlueWalker 3 satellite, which is nearing final integration and testing. The company announced plans to purchase an additional 100,000 square foot facility in Midland, Texas, enhancing its production capacity to six satellites per month. As of September 30, 2021, AST SpaceMobile reported cash equivalents of $360.4 million and a decrease in operating expenses to $23.1 million, attributed to reduced research and development costs. The workforce grew to 509 employees, including 301 full-time staff.

AST SpaceMobile (NASDAQ: ASTS) will hold a quarterly business update conference call on November 15 at 5:00 p.m. Eastern Time. The call will be accessible via a live webcast on the company's Investor Relations website. AST SpaceMobile is developing the first global cellular broadband network in space to provide connectivity directly to standard mobile devices, aiming to close the connectivity gap for five billion mobile users worldwide.