AST SpaceMobile (Convertible Debt Offering)
Funding Details
Awarder
RSS - spacenews.com
Date Award
May 15, 2025
Vertical
Satellite Telecommunications
Funding URL
View Funding Page
Funding Amount
$400,000,000
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
Market
Direct-to-smartphone broadband services
Location
Tampa, Texas, United States
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.

Links
Website
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