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.
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News
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.
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-25.72%
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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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1.65%
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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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23.61%
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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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1.74%
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AST SpaceMobile achieves first-ever 5G connection between a smartphone and satellite in space
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8.66%
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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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-15.68%
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AST SpaceMobile, Inc. has achieved space-based 4G LTE cellular broadband capabilities to everyday smartphones, reaching speeds above 10 Mbps during testing with AT&T, Vodafone, and Nokia. The company is now focused on manufacturing BlueBird satellites, with the first five satellites fully funded and planned for launch in Q1 2024. AST SpaceMobile has also received indications of interest for strategic investments and completed a comprehensive financing package, providing up to $179 million of cash and liquidity.
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AST SpaceMobile announces quarterly business update conference call and provides preliminary estimated financial results for Q2 2023. Cash and cash equivalents of $191.5 million. Total operating expenses expected to be between $57.1 and $59.1 million. Capitalized property and equipment costs of $156.9 million.
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AST SpaceMobile, Inc.
Nasdaq:ASTS
ASTS Rankings
ASTS Stock Data
317.70M
122.97M
13.71%
25.15%
19.99%
Satellite Telecommunications
Information
United States of America
AUSTIN
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.