Aspiring LEO satellite operator AST SpaceMobile has secured US$206.5 million in new financing for its direct-to-satellite mobile network, including a US$155 million strategic investment from existing investor Vodafone and new investors AT&T and Google.
AT&T, Google and Vodafone are investing $155 million in AST SpaceMobile. Google will work with the company to bring direct satellite connectivity to smartphones.
Vodafone: In addition to the $155 million strategic investment, AST SpaceMobile plans to draw up to $51.5 million from the company’s existing senior secured credit facility for aggregate new financing of up to $206.5 million, the firm said on Friday.
AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $4.16, but opened at $3.37. AST SpaceMobile shares last traded at $3.34, with a volume of 14,699,912 shares. Analyst Ratings Changes Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of AST […]
By Colin Kellaher Shares of AST SpaceMobile fell nearly 20% in premarket trading Friday after the company that is building a space-based cellular broadband.