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AST SpaceMobile, Inc. - $ASTS STOCK NEWS

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.

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.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.68%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
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Rhea-AI Summary
AST SpaceMobile has priced and upsized its public offering of Class A common stock, with 12,500,000 shares being sold for gross proceeds of $59.4 million. The net proceeds will be used for general corporate purposes and launch services. The offering is expected to close on June 30, 2023. Barclays is the sole book-running manager and underwriter for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.16%
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Rhea-AI Sentiment
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-27.16%
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Rhea-AI Sentiment
End-of-Day
2.78%
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Rhea-AI Sentiment
End-of-Day
-4.39%
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Rhea-AI Summary
AST SpaceMobile provides business update for Q1 2023, including successful voice calls from space to smartphones and progress in satellite manufacturing. Financial highlights show increased operating expenses and significant capitalized costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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Rhea-AI Impact
Rhea-AI Sentiment
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0.39%
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Rhea-AI Impact
Rhea-AI Sentiment
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1.83%
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Rhea-AI Impact
Rhea-AI Sentiment
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-20.87%
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AST SpaceMobile, Inc.

Nasdaq:ASTS

ASTS Rankings

ASTS Stock Data

627.12M
122.97M
13.71%
25.15%
19.99%
Satellite Telecommunications
Information
Link
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.