AST SpaceMobile To Raise $1B In Part For Dealmaking

blue

Blue Origin's New Glenn rocket.

Credit: Alamy
AST SpaceMobile said late July 15 that it is raising up to $1.15 billion gross via debt later eligible to be turned into stock or cash, in part for potential acquisitions or partnerships. The Texas-based company will use some proceeds for financial actions to offset the debt sale. “AST SpaceMobile...
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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