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) announced the completion of its redemption of all outstanding publicly traded warrants to purchase shares of Class A common stock.
The warrants, issued under a 2019 agreement with Continental Stock Transfer & Trust Company, were redeemed at $0.01 per warrant on September 27, 2024.
Approximately 98.26% of the 13,360,574 Public Warrants were exercised for cash at $11.50 per share, generating around $153.6 million in proceeds.
The remaining 236,294 unexercised warrants were redeemed for a total of $2,362.94.
Following this redemption, no Public Warrants remain outstanding, and the warrants ceased trading on Nasdaq as of September 27, 2024. The Class A Common Stock continues to trade under the symbol “ASTS”.
AST SpaceMobile, a company building a space-based cellular broadband network accessible by smartphones, has announced preliminary results of its redemption of all outstanding publicly traded warrants. The redemption, announced on August 28, 2024, was set for September 27, 2024, at a price of $0.01 per warrant. Preliminary results show that 13,581,996 Public Warrants were exercised for cash at $11.50 per share of Class A Common Stock, representing about 99.89% of outstanding Public Warrants. Only 260,987 Public Warrants remained unexercised by the Redemption Date. Following this, the company had no Public Warrants outstanding, and they ceased trading on Nasdaq. The Class A Common Stock continues to trade under the symbol 'ASTS'.
AST SpaceMobile (NASDAQ: ASTS) has successfully launched its first five commercial satellites, called BlueBirds, from Cape Canaveral, Florida. These satellites are designed to provide space-based cellular broadband directly to everyday smartphones. The BlueBird satellites aim to offer non-continuous cellular broadband service across the United States and select global markets, with a capacity of up to 40 MHz and peak data transmission speeds of up to 120 Mbps.
The company has secured strategic investments from AT&T, Verizon, Google, and Vodafone, as well as new contract awards with the U.S. Government. AST SpaceMobile has agreements with over 45 mobile network operators globally, representing more than 2.8 billion existing subscribers. The company boasts over 3,400 patents and patent-pending claims for its technology and operates vertically integrated manufacturing and testing facilities in Midland, Texas.
AST SpaceMobile (NASDAQ: ASTS) has confirmed a September 12th target launch date for its BlueBird satellites, each featuring the largest commercial communications array ever deployed in low Earth orbit. The company reports over $440.0 million in pro forma cash and cash equivalents as of June 30th, 2024, including over $155.0 million in expected warrant exchange proceeds.
The BlueBird satellites aim to provide non-continuous cellular broadband service across the United States and select global markets, supporting beta test users for AT&T and Verizon. AST SpaceMobile has agreements with over 45 mobile network operators globally, representing 2.8 billion existing subscribers. The company has secured additional strategic investments from AT&T, Verizon, Google, and Vodafone, as well as new contract awards with the U.S. Government through a prime contractor.
AST SpaceMobile (NASDAQ: ASTS) has announced the redemption of all outstanding public warrants to purchase Class A common stock at $0.01 per warrant on September 27, 2024. This decision follows the satisfaction of the Stock Price Condition, where the stock price exceeded $18.00 for 20 trading days within a 30-day period. Warrant holders can exercise their warrants until 5:00 pm on the Redemption Date at $11.50 per warrant. After this deadline, unexercised warrants will become void. The public warrants, trading under 'ASTSW', will cease trading on Nasdaq at 5:00 pm on the Redemption Date.
AST SpaceMobile (NASDAQ: ASTS) is offering a unique opportunity for qualified retail shareholders to attend the launch of its BlueBird 1-5 Mission at Kennedy Space Center. The company, which is building the first space-based cellular broadband network accessible by everyday smartphones, has set the following criteria for eligibility:
- Minimum of 1,000 shares
- Shareholder for at least 12 months
- Current shareholder status
The launch is planned for the first half of September 2024, with applications closing on August 23, 2024. This milestone event showcases AST SpaceMobile's progress in enhancing global cellular connectivity. The company has secured strategic investments from major telecom players and boasts over 3,400 patents and patent-pending claims. With agreements covering 2.8 billion existing subscribers globally, AST SpaceMobile is poised to revolutionize space-based cellular broadband connectivity.
AST SpaceMobile (NASDAQ: ASTS) provided a business update for Q2 2024. Key highlights include:
1. First 5 commercial satellites ready for launch in September 2024.
2. Secured FCC approval for initial satellite launch.
3. Verizon joined as a strategic investor with a $100 million commitment.
4. Expanded U.S. Government relationship with successful initial tests.
5. Q2 2024 cash position: $287.6 million.
6. Q2 2024 total operating expenses: $63.9 million.
7. Adjusted operating expenses: $34.6 million.
8. Gross capitalized property and equipment costs: $347.5 million.
The company is progressing towards its goal of providing space-based cellular broadband connectivity, with partnerships including AT&T, Google, Verizon, Vodafone, and Rakuten.
AST SpaceMobile (NASDAQ: ASTS) has announced the arrival of its first five commercial BlueBird satellites at Cape Canaveral, Florida, ahead of a planned orbital launch in September. These satellites feature the largest-ever commercial communications arrays to be deployed in low Earth orbit, measuring 693 square feet. Building on the success of BlueWalker 3, the BlueBirds boast a tenfold increase in processing capacity.
The company aims to deliver global space-based cellular broadband directly to everyday smartphones, starting with non-continuous coverage across the continental United States using over 5,600 cells on premium low-band spectrum. AST SpaceMobile has secured strategic investments from major telecom companies and has agreements with more than 45 mobile network operators globally, representing over 2.8 billion existing subscribers.
AST SpaceMobile (NASDAQ: ASTS) has received FCC approval to launch and operate its first five commercial BlueBird satellites, marking a significant milestone for the company's space-based cellular broadband network. This initial license allows AST SpaceMobile to use V, S, and UHF frequencies for gateway, feeder link, and telemetry operations.
The company aims to provide 100% nationwide coverage of the continental United States using premium cellular spectrum. AST SpaceMobile has partnerships with major telecom companies like AT&T, Verizon, and Vodafone, among others, covering over 2.8 billion existing subscribers globally. The first five BlueBird satellites, the largest-ever commercial communications arrays to be deployed in low Earth orbit, are ready for shipment to Cape Canaveral, with a 7-day launch window in September.
AST SpaceMobile (NASDAQ: ASTS), the company developing the world's first space-based cellular broadband network accessible directly by standard smartphones, has announced a quarterly business update conference call scheduled for August 14th at 5:00pm Eastern Time. The call will include a Q&A session where management will address select questions from both retail and institutional shareholders.
Investors are encouraged to submit their questions in advance to investors@ast-science.com. The conference call will be accessible via a live webcast on the Events page of AST SpaceMobile's Investor Relations website. An archive of the webcast will be made available shortly after the call for those unable to attend live.
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