AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS) has provided an interim update on the company’s fundraising progress.
Strategic investment process continues with multiple parties
- Now seeking to close and fund the previously disclosed strategic investment in January 2024 with multiple parties, subject to completion of final documentation and approvals
- Secured initial ground infrastructure orders from two customers for planned commercial service
- There can be no assurance that we will enter into any such transactions on acceptable terms, on this timing, or at all
AST SpaceMobile, Inc. is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio. The company’s engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today’s five billion mobile subscribers and finally bring broadband to the billions who remain unconnected.
Watch this video for an overview of the SpaceMobile mission.