AST SpaceMobile Trims Debt: Financial Flexibility to Aid the Stock?

Key Takeaways AST SpaceMobile retired $225M of 2032 notes, cutting its outstanding debt load nearly in half. The move strengthens its balance sheet and frees up capital to support R&D and expansion plans. ASTS aims to fund satellite development despite macro headwinds and dependence on external financing.AST SpaceMobile, Inc. (ASTS) has retired $225 million aggregate principal amount of the 2032 convertible notes to reduce its debt burden and cash interest obligations. This represents approximately half o ...