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AST SpaceMobile ( NASDAQ: ASTS ) ended Q2 with cash and cash equivalents of approximately $202M, not including the expected cash proceeds from sale of its 51% interest in its subsidiary, UAB NanoAvionics . For Q2, the company expects total operating expenses between $3...
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, today is providing its preliminary estimated financial results for the second quarter...
AST seeks to provide a global broadband network by launching a low earth orbit satellite constellation that can connect directly to users' existing mobile devices. If AST is able to successfully commercialize its experimental technology, the company could be worth close to $100 billio...
M&A activity provided a key catalyst in Tuesday's pre-market trading, as Wall Street got back to work after the long holiday weekend. Tupperware Brands ( TUP ) and AST Spacemobile ( ASTS ) both pushed higher after announcing separate divestiture deals. Meanwhile, AstraZeneca...
AST SpaceMobile ( NASDAQ: ASTS ) to sell its majority ownership stake in Lithuania-based NanoAvionics, a leading smallsat mission integrator and bus manufacturer at an enterprise valuation of ~$68 million. AST SpaceMobile will sell its majority stake NanoAvionics to Ko...
The sale is expected to generate approximately $28 million net cash proceeds and close in the third quarter of 2022 AST SpaceMobile, Inc. ( NASDAQ: ASTS ), the company building the first and only space-based cellular broadband network accessible directly by standard mobi...
AST SpaceMobile ( NASDAQ: ASTS ) has updated timing on the launch of its BlueWalker 3 test satellite, now set for early to mid-September. That's a move from plans for the week of Aug. 15 set just a couple of weeks ago. The company says it was notified by its launch...
The AST SpaceMobile team remains on schedule with no change to BlueWalker 3 satellite preparations AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, provided rev...
After uncharacteristically lagging for most of the year, Cell Tower REITs have been the best-performing property sector over the past quarter, benefiting from favorable macro shifts and positive industry-specific catalysts. One of the most “recession-resistant” property ...
It has been widely publicized how AST SpaceMobile's (ASTS) technology can disrupt the internet broadband landscape globally. This thesis explores the concrete benefits which can be reaped by telcos, namely Globe Telecom, which has signed an MoU with ASTS. It is also important to c...
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Shipment to Cape Canaveral planned for the first week of August with a 7-day launch window in September The first five commercial satellites are the largest-ever commercial communications arrays deployed in low Earth orbit, designed to provide cellular broadband and support other gove...