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 (NASDAQ: ASTS) has announced plans to offer $400.0 million in convertible senior notes due 2032 through a private offering to qualified institutional buyers. The company will also grant initial purchasers an option to buy up to an additional $60.0 million in notes within 13 days of issuance.
The notes will be senior, unsecured obligations with semiannual interest payments and will be convertible into cash, Class A common stock, or a combination thereof. AST SpaceMobile plans to use part of the proceeds for capped call transactions to reduce potential dilution, with the remainder allocated to working capital and general corporate purposes.
The company expects to enter into capped call transactions with initial purchasers or their affiliates to offset potential dilution and cash payments above the principal amount of converted notes. These transactions may influence the market price of both the company's Class A common stock and the notes.
AST SpaceMobile (NASDAQ: ASTS) has announced an agreement for long-term access to up to 45 MHz of lower mid-band spectrum in the US for direct-to-device satellite applications. This strategic move aims to enhance AST SpaceMobile’s space-based cellular broadband network, enabling peak data speeds up to 120 Mbps. The agreement includes 40 MHz of L-Band MSS spectrum in the US and Canada from Ligado Networks, plus additional 5 MHz in the 1670-1675 MHz Band in the US.
The deal is part of Ligado's restructuring, with AST SpaceMobile set to receive spectrum usage rights for over 80 years. The transaction, expected to finalize in the first half of 2025, will see Ligado receive 4.7 million penny warrants convertible into AST SpaceMobile Class A shares and approximately $550 million upon regulatory approval. AST SpaceMobile has secured $550 million institutional financing to support this transaction.
Further, AST SpaceMobile will pay $80 million annually for spectrum usage and provide Ligado with long-term net revenue sharing rights. In September 2024, AST SpaceMobile launched five BlueBird satellites, offering non-continuous cellular broadband service across the US. The next-gen Block 2 BlueBirds will deliver up to 10 times the bandwidth capacity, supporting peak data speeds of up to 120 Mbps.
AST SpaceMobile (NASDAQ: ASTS) and Vodafone have signed a definitive commercial agreement through 2034, enabling Vodafone to offer space-based cellular broadband in its markets. Vodafone, a three-time investor in AST SpaceMobile, has ordered its first Block 1 BlueBird gateway for network infrastructure deployment.
The partnership has achieved several milestones, including the first space-based voice call to an unmodified phone in April 2023, first 4G download speed above 10 Mbps in June 2023, and first 5G voice call in September 2023. The next-generation Block 2 BlueBirds, featuring 2,400 square foot arrays, are designed to deliver up to 120 Mbps speeds.
AST SpaceMobile has secured additional investments from AT&T, Verizon, Google, and Vodafone in 2024, and has agreements with over 45 mobile network operators representing approximately 2.8 billion subscribers globally.
AST SpaceMobile and Cadence Design Systems announced their collaboration to develop the AST5000 ASIC, a custom chip designed for space-based cellular broadband network accessible by everyday smartphones. The chip enables up to a tenfold improvement in satellite processing bandwidth and is a key component of AST SpaceMobile's BlueBird program. Using Cadence's tools, IP, and Palladium Emulation Platform, the AST5000 ASIC is designed to support up to 10,000 MHz of processing bandwidth per satellite with data speeds up to 120 Mbps, enabling voice calls, data, and video applications through space-based cellular broadband.
AST SpaceMobile (NASDAQ: ASTS), pioneer in developing the first space-based cellular broadband network accessible by standard smartphones, has announced its participation in three major investor conferences. The company will attend the Deutsche Bank 2024 Global Space Summit and 13th Annual ROTH Technology Conference on November 20, and the UBS Global Media & Communications Conference on December 10, all taking place in New York. Interested investors can request meetings through their sales representatives or by contacting AST SpaceMobile's investor relations team.
AST SpaceMobile (ASTS) reported its Q3 2024 results, highlighting significant operational milestones. The company successfully deployed and initiated operations of its first five BlueBird satellites, and secured orbital launch capacity for up to 60 Block 2 BlueBird satellites during 2025-2026. The company maintains a strong financial position with $518.9 million in cash and equivalents. Operating expenses for Q3 2024 were $66.6 million, including $21.4 million in depreciation and stock-based compensation. The company expanded its ecosystem with three new U.S. Government contract awards and progressed in discussions with commercial partners.
AST SpaceMobile (NASDAQ: ASTS) has secured launch services agreements for its space-based cellular broadband network, planning to deploy up to ~60 Block 2 satellites during 2025 and 2026 from Cape Canaveral. The campaign will use existing launch vehicles and Blue Origin's New Glenn rocket. The Block 2 BlueBirds will feature up to 2,400 square foot communications arrays and deliver 10x the bandwidth capacity of current satellites, targeting 100% U.S. coverage with peak speeds up to 120 Mbps. The company has secured strategic investments from AT&T, Verizon, Google, and Vodafone in 2024, and has agreements with over 45 mobile network operators representing 2.8 billion subscribers globally.
AST SpaceMobile (NASDAQ: ASTS), developer of the first space-based cellular broadband network accessible by standard smartphones, announces its upcoming quarterly business update conference call scheduled for November 14th at 5:00pm ET. The company will accept and address selected questions from both retail and institutional shareholders during the call. Investors can submit questions via email to investors@ast-science.com and access the webcast through the company's investor relations website.
AST SpaceMobile (NASDAQ: ASTS) has successfully completed the unfolding of its first five commercial satellites, BlueBirds 1-5, six weeks after launch. These satellites represent the largest commercial communications arrays ever deployed in low Earth orbit. The company aims to provide 100% nationwide US coverage through 5,600 cells on low-band spectrum via partnerships with major operators like AT&T, Verizon, and Vodafone. The technology features large phased array antennas supported by over 3,450 patent claims, designed to connect directly to standard smartphones at broadband speeds without specialized equipment. The next generation of satellites is planned to offer ten times the current capacity.
AST SpaceMobile (NASDAQ: ASTS) has been selected by the Space Development Agency (SDA) for an Other Transaction agreement to compete for prototype demonstration projects under the HALO program. The program aims to accelerate advanced space technologies development for the Department of Defense. AST SpaceMobile will compete as a prime contractor, leveraging its space-based cellular broadband technology that features the largest commercial phased arrays in low Earth orbit. The company's technology, backed by over 3,450 patents and patent-pending claims, can serve both communications and non-communications applications, offering potential advantages for various government use cases.
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