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) generates frequent news as it advances its plan to build a space-based cellular broadband network that connects directly to standard, unmodified smartphones. Company announcements highlight progress in satellite launches, commercial agreements with mobile network operators, manufacturing expansion, and capital markets activity, all tied to its goal of closing connectivity gaps for mobile subscribers worldwide.
Recent press releases describe the successful orbital launch of BlueBird 6, which AST SpaceMobile calls the largest commercial communications array ever deployed in low Earth orbit. The company also reports on its next-generation BlueBird satellites, designed with large phased-array antennas and proprietary ASICs to support high-speed 4G and 5G connectivity, including voice, data, and video, directly from space to everyday mobile devices.
News about AST SpaceMobile often covers long-term commercial agreements and partnerships. Examples include a ten-year commercial agreement with stc group to enable direct-to-device satellite connectivity across Saudi Arabia and key regional markets, as well as definitive commercial agreements with Verizon and a planned EU constellation with Vodafone to serve mobile network operators across Europe. These stories provide insight into how the company intends to integrate its space-based network with terrestrial infrastructure.
Investors and industry followers can also find updates on AST SpaceMobile’s manufacturing footprint in Texas, Maryland, and Florida, its vertically integrated production of BlueBird satellites, and financing developments such as convertible note offerings and at-the-market equity programs. This news page aggregates such announcements so readers can follow ASTS-related developments in satellite telecommunications, direct-to-device connectivity, and strategic partnerships over time.
AST SpaceMobile plans to launch its BlueWalker 3 test satellite from Cape Canaveral, FL, during the week of August 15, 2022. This satellite, measuring 693 square feet, aims to test cellular broadband communications with standard mobile phones directly from space. The development of BlueWalker 3 has cost approximately $85 million, with over 800 successful ground tests conducted. The mission aims to integrate with mobile network operators globally to tackle connectivity gaps for over 5 billion mobile subscribers.
AST SpaceMobile (NASDAQ: ASTS) released its first quarter business update for 2022, highlighting significant advancements in satellite production and operational readiness. The company aims to produce up to six Bluebird satellites monthly and plans to launch the BlueWalker 3 satellite this summer, having completed over 700 tests. A new experimental license from the FCC allows for space-to-ground testing, while cash reserves stand at $255.1 million. Operating expenses rose to $32.7 million, with substantial investments in satellite and facility development.
AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced a quarterly business update conference call scheduled for Monday, May 16 at 5:00 p.m. ET. The company will accept questions from shareholders during the call, and investors can submit inquiries via investors@ast-science.com. The call will be available through a live webcast on the company's Investor Relations website, with an archived version accessible afterward. AST SpaceMobile is focused on building the first space-based cellular broadband network for standard mobile devices.
AST SpaceMobile, Inc. (NASDAQ: ASTS) has entered a common stock purchase agreement with B. Riley Principal Capital, LLC, establishing a Committed Equity Facility. This facility allows AST SpaceMobile to raise up to $75 million in Class A Common Stock over 24 months at its discretion. The funding aims to support operating expenses while preserving existing cash for BlueBird satellites. Scott Wisniewski, Chief Strategy Officer, emphasized that this strategy enables flexible access to capital, contingent on market conditions.
AST SpaceMobile has obtained an experimental license from the FCC to conduct testing of its BlueWalker 3 satellite in Texas and Hawaii. This authorization allows for testing using 3GPP low-band cellular frequencies and Q/V-band frequencies, and is crucial for the planned summer 2022 launch. The satellite aims to enhance cellular connectivity for five billion subscribers currently facing coverage gaps. The company is also pursuing additional FCC authorizations for its BlueBird satellite constellation.
AST SpaceMobile (NASDAQ: ASTS) has appointed Sean Wallace as Executive Vice President and Chief Financial Officer, effective May 10, 2022. Wallace, with extensive experience in finance and telecommunications, previously served as CFO at Cogent Communications. He joins AST SpaceMobile as it prepares for the summer 2022 launch of its BlueWalker 3 satellite, aimed at bridging connectivity gaps for mobile subscribers worldwide. Wallace succeeds Tom Severson, who is retiring after years of service.
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.
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