Funding Details
- Awarder
- RSS - spacenews.com
- Date Award
- May 15, 2025
- Vertical
- Satellite Telecommunications
- Funding URL
- View Funding Page
Company Info
- Traction
- AST SpaceMobile ended March with $874 million in cash and projects between $50 million and $75 million in sales in the second half of 2025 from various contracts and early service revenues.
- Organizations Involved
- AT&T, Verizon
- Founders
- Abel Avellan
- Company Description
- AST SpaceMobile is developing a direct-to-smartphone broadband constellation using large phased array antennas to provide connectivity outside traditional cell tower coverage. The company aims to launch multiple satellites to support high data rates and broader commercial services.
- Market
- Direct-to-smartphone broadband services
- Location
-
Tampa,
Texas,
United States
Links