AST SpaceMobile

AST Spacemobile, Inc. engages in building a broadband cellular network in space to operate directly with standard, unmodified mobile devices based on an extensive IP and patent portfolio. It focuses on providing mobile broadband services with global coverage to all end-users, without the need to purchase special equipment. The company was founded by Abel Avellan on May 31, 2017 and is headquartered in Midland, TX.

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AST SpaceMobile excels in Q4, eyes global 5G connectivity

AST SpaceMobile's Q4 earnings call highlighted strong performance, technological strengths, regulatory challenges, and growth opportunities.
The company's focus on global cellular broadband network in space and achieving 5G speeds positions it as a key player in the evolving telecommunications landscape.
With a solid financial position, innovative technology, and strategic market positioning, AST SpaceMobile is poised for future growth and market leadership.

AST SpaceMobile validates technology milestone and progresses satellite production

AST SpaceMobile's Q1 2023 earnings call highlighted significant achievements in technology validation and satellite production progress.
While facing challenges in regulatory compliance and operational execution, the company remains well-positioned to capitalize on growth opportunities.
Management's focus on gratitude and investor relations underscores a commitment to sustainable growth and stakeholder value creation.

AST SpaceMobile advances in 5G testing and strategic partnerships

AST SpaceMobile's Q3 earnings call showcased progress in key areas, strategic partnerships, and financial management. The company faces challenges in competitive landscape and regulatory developments but has opportunities in differentiation and market reach.

AST SpaceMobile reports strong earnings, eyes growth through partnerships

AST SpaceMobile's Q4 2023 earnings call highlighted strong financial performance, strategic partnerships, and progress on satellite launches and custom ASIC development. While facing manufacturing challenges and increased expenses, the company is focused on securing the supply chain and raising capital strategically. Opportunities for growth lie in new contracts, regulatory advancements, and collaborations with key industry players.

AST SpaceMobile secures AT&T deal, poised for growth in space broadband

AST SpaceMobile's Q1 2024 performance reflects strong progress in commercial agreements, satellite development, and financial management, positioning the company for growth.
While facing challenges in expense management and technical development, ASTS's strategic strengths and market opportunities offer a positive outlook for future expansion and success.
By capitalizing on partnerships, regulatory progress, and market demand, ASTS is poised to navigate challenges and drive innovation in the space-based broadband sector.

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AST SpaceMobile, Inc. (NASDAQ:ASTS ) Q4 2022 Results Conference Call March 31, 2023 8:00 AM ET Company Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Chairman, CEO Sean Wallace - CFO Conference Call Participants Mike Crawford - B. Riley Chris Quilty - Quilty Analytics Mathieu Robiliard - Barclays Bryan Kraft - Deutsche Bank Landon Park - Morgan Stanley Operator Good day, and thank you for standing by.

AST SpaceMobile, Inc. (ASTS) Q4 2022 Earnings Call Transcript

AST SpaceMobile is a pre-revenue satellite communications start-up, and the company's latest quarterly update was a reminder of how much work needs to be done before it will generate sales. The company has more than $200 million in the bank but will need to spend significant sums in the quarters to come to get its network up and running.

Why AST SpaceMobile Stock Is Falling Today

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, is providing its business update for the three months and fiscal year ended December 31, 2022.

AST SpaceMobile Provides Fourth Quarter and Full Year 2022 Business Update

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MIDLAND, Texas.--(BUSINESS WIRE)--AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced it will hold a quarterly business update conference call on Friday, March 31st at 8:00 a.m. (Eastern Time).

AST SpaceMobile to Provide Quarterly Business Update on March 31, 2023

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced the signing of a non-binding memorandum of understanding (“MoU”) with Saudi Telcom Company (”stc”), a leading telecommunications provider in Saudi Arabia.

AST SpaceMobile Announces Collaboration with Saudi Telcom Company

Amid a soft start to the week on Wall Street, global cellular broadband network provider AST SpaceMobile (NASDAQ: ASTS ) jumped dramatically higher, gaining nearly 12% in the late afternoon hours. The company, the first of its kind to operate directly with standard, unmodified mobile devices, inked a partnership with communications specialist Fairwinds Technologies.

Why Is AST SpaceMobile (ASTS) Stock Up 12% Today?

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced a teaming agreement with Fairwinds Technologies LLC to explore potential opportunities to jointly market AST SpaceMobile's planned services and innovative satellite technologies to the military market.

AST SpaceMobile Announces Teaming Agreement with Fairwinds Technologies

Satellite direct-to-device connectivity has gone mainstream with Apple, T-Mobile, and Iridium all in the game. ASTS has built a loyal retail investor base with excellent crowdsourced research.

AST SpaceMobile: Upcoming Catalysts To Drive Share Price Higher

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced a non-binding memorandum of understanding (“MoU”) with Zain KSA (“Zain”), a leading telecommunications (“telecom”) operator and a digital service provider in Saudi Arabia. The signing took place at the international LEAP 2023 Tech Conference in Riyadh.

AST SpaceMobile Announces Collaboration with Zain KSA

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #mobile--AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced the signing of a non-binding memorandum of understanding (“MoU”) with TIM (BVFM: TIMS3), one of Brazil's leading mobile network operators, with the aim of increasing the scope of cellular connectivity and bringing space-based coverage to Brazil.

AST SpaceMobile Announces Collaboration with TIM

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MIDLAND, Texas--( BUSINESS WIRE )--AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced that its subsidiary, AST & Science, LLC, and NASA recently signed an agreement to formalize both organizations' dedication to maintaining and improving safety in the shared environment of space.

AST SpaceMobile and NASA Sign Joint Agreement to Improve Spaceflight Safety

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MIDLAND, Texas--( BUSINESS WIRE )--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, provides an operational update on the BlueWalker 3 (BW3), Block 1 BlueBird and next-generation BlueBird programs.

AST SpaceMobile's Bluewalker 3 on Target to Deliver the First and Only Space-Based Cellular Broadband

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MIDLAND, Texas--( BUSINESS WIRE )--AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ: ASTS) is pleased to announce the closing of its offering of 13,636,364 shares of Class A Common Stock raising gross proceeds of $75.0 million. B. Riley Securities (“B. Riley”) was the sole book-running manager of the offering. The Company has also granted B. Riley a 30-day option to purchase an additional 2,045,454 shares to cover over-allotments, if any, which would raise an additional $11.25 million in gross proceeds for AST SpaceMobile if exercised.

AST SpaceMobile Announces Closing of Its Capital Raise of $75 Million and Welcomes New Stockholders

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AST SpaceMobile (NASDAQ: ASTS ) stock is tumbling 13% after the company announced that it would sell 13.6 million additional shares of its stock for $5.50 per share. AST's stock closed yesterday at $6.34.

Why Is AST SpaceMobile (ASTS) Stock Down 13% Today?

MIDLAND, Texas--( BUSINESS WIRE )--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”). The Company has agreed to sell 13,636,364 shares of Class A Common Stock at a price to the public of $5.50 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 2,045,454 shares of Class A Common Stock at the public offering price, less the underwriting discounts and commissions, solely to cover over-allotments, if any. The gross proceeds to the Company from the offering, before deducting underwriting discounts, commissions and other offering expenses, will be approximately $75.0 million ($86.25 million if the underwriter exercises its option to purchase additional shares in full). The Company intends to use the net proceeds of the offering for general corporate purposes.

AST SpaceMobile, Inc. Announces Pricing of Upsized $75,000,000 Public Offering of Class A Common Stock

MIDLAND, Texas--( BUSINESS WIRE )--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of $65,000,000 of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”). The Company will grant the underwriter a 30-day option to purchase up to an additional $9,750,000 of shares of Class A Common Stock at the public offering price, less the underwriting discounts and commissions, solely to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for general corporate purposes.

AST SpaceMobile, Inc. Announces Launch of Offering of $65,000,000 of Class A Common Stock

By successfully deploying the full BlueWalker 3 array in its targeted orbit, AST has substantially de-risked its hardware. The company's next steps involve further de-risking its operations and improving its manufacturing capacity.

AST SpaceMobile: Steady Progress Towards Commercialization

News for AST SpaceMobile Stock (ASTS)