AST SpaceMobile, Inc. - Class A Common Stock (ASTS)
24.49
+1.40 (6.06%)
Ast Spacemobile Inc is a pioneering telecommunications company focused on building a global network of low Earth orbit satellites designed to provide cellular connectivity directly to mobile devices
Their innovative technology aims to bridge the coverage gap in rural and remote areas, allowing users to access mobile services without needing traditional ground infrastructure. By leveraging satellite technology, Ast Spacemobile seeks to enhance communication capabilities, making mobile connectivity universally accessible and enabling seamless connectivity for customers around the world.
Chief Commercial Officer Chris Ivory said the company is accelerating its path to commercial activity, starting with the testing service with the off-the-shelf cellular handset on AT&T and Verizon networks.
ASTS shares up on premarket as FCC grants approval for AST SpaceMobile to conduct testing in US with unmodified smartphones using AT&T and Verizon's spectrum.
President Trump's recent inauguration remarks about space exploration has heightened industry enthusiasm and highlighted potential growth opportunities.
The company expects to raise net proceeds of $387.9 million from the offering and use a bulk of it for working capital and general corporate purposes, including strategic acquisitions.
AST SpaceMobile Inc (NASDAQASTS) shares are tumbling Thursday after the company announced the pricing of a proposed offering of convertible senior notes.
AST SpaceMobile shares are falling in Wednesday's after-hours session after the space-based cellular broadband network company announced a proposed private offering.
