It's a good news, horrible news kind of a day for investors in cellphone-to-satellite-to-cellphone company AST SpaceMobile (ASTS -20.79%), as shares of one of the world's more popular space stocks plunge 25.2% through noon ET on Friday.The good news is that AST just announced a plan to get hold of the cash it needs to finish building out its constellation of satellites, providing the world's cellphone users a means of calling anyone from anywhere via satellite. The bad news is that getting hold of this cash ...

AST SpaceMobile (NASDAQ:ASTS) is one of the top trending tickers, and the shares are down around 20% today after AST priced a $100 million offering of ASTS stock. AST is developing “a space-based cellular network.” It specializes in offering “mobile (5G) broadband services” to users in remote areas.AST also announced today that it would receive investments from AT&T (NYSE:T), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), and European telecom giant Vodafone (NASDAQ:VOD).ASTS stock is down about 34% year-over-year an ...

AST SpaceMobile Inc (NASDAQ:ASTS) shares are set to plunge more than 22% a day after it raised US$206.5 million from investors including Google, AT&T and Vodafone as the space-based broadband group announced a US$100 million public share offer. The public offering is priced at US$3.10 per share, a sizeable discount to the US$4.16 at which the stock closed trading on Thursday.  Vodafone was an existing investor in the company, with AT&T and Google joining as new investors to raise a combined US$155 million, ...

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”). The Company has agreed to sell 32,258,064 shares of Class A Common Stock at a price to the public of $3.10 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 4,838,709 shares of Class A Common Stock ...

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of $100,000,000 of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”). The Company will grant the underwriter a 30-day option to purchase up to an additional $15,000,000 of shares of Class A Common Stock at the public offering price, less the underwriting discounts and commissions. The Company intends to use the net proceed ...

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced strategic investment from AT&T, Google and Vodafone and aggregate new financing of up to $206.5 million in gross proceeds. In addition to the $155 million strategic investment, the company also plans to draw up to $51.5 million from the company’s existing senior-secured credit fac ...

After soaring in 2020, space stocks return to earth as many companies descend from their previous highs. In 2020, space stocks returned 64% as a collective group; 2022 marked a hefty 12% loss (though still outperforming the S&P 500. While the verdict for 2023 isn’t yet in, expect space stocks to be fairly flat to close the calendar year.But space still presents a viable long-term investment opportunity for those smart enough to avoid overblown hype and impractical prospects. Barron’s projects the space indu ...

Space stocks could be entering into a new golden age for investors. These companies have just entered the mainstream awareness, meaning there’s plenty of fuel left in the tank for these brands to shoot to new heights.Space stocks ride on the tailwinds of recreational space exploration just beyond the Earth’s outer atmosphere. Many companies are trying to this make exploration make affordable — and not just for billionaires. However, the biggest growth is likely to be in satellite launches and adapting exist ...

AST SpaceMobile, Inc. (NASDAQ:ASTS) Q3 2023 Earnings Call Transcript November 14, 2023 5:00 PM ET Company Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Chairman and CEO Sean Wallace - CFO Conference Call Participants Benjamin Soff - Deutsche Bank Griffin Boss - B. Riley Securities Operator Good day, and thank you for standing by. Welcome to the AST SpaceMobile Third Quarter 2023 Business Update Call. Please be advised that today's conference is being recorded. I would now like to han ...

tf UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39040 AST SPACEMOBILE, INC. (Exact name of registrant as specified in its charter) | --- | |-------------------------------- ...