AST SpaceMobile To Sell More Stock To Raise $75M

AST SpaceMobile plans to launch test satellite BlueWalker 3 in summer 2022.
Credit: AST SpaceMobile
Space-based cellphone connectivity provider AST SpaceMobile, which went public last year after a deal with a special purpose acquisition company (SPAC), will raise $75 million by selling more stock, the company said May 6. The Midland, Texas, company announced a deal with B. Riley Principal Capital...

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