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...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

Subscription Required


AST SpaceMobile To Sell More Stock To Raise $75M is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Not a member?  Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.