AST SpaceMobile To Sell More Stock To Raise $75M

BlueWalker
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.

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