Forrester’s Digest: AST SpaceMobile Plans 20 Satellite Launches This Year – SatNews

Forrester’s Digest: AST SpaceMobile plans 20 satellite launches this year – SatNews

AST SpaceMobile, which is building a satellite-based system to provide global 5G cellular access, says it will see 20 of its powerful Block 2 satellites launched this year. The first of that number will be launched during August on nan Indian rocket. It already has five of its earlier Block 1 satellites in orbit which has enabled it to test connections with its partners such as Rakuten in Japan, Vodafone, and Verizon and AT&T in the U.S. The fir…

AST SpaceMobile Announces $500 Million Convertible Notes Offering

A series of strategic financial transactions designed to optimize its capital structure, reduce future interest obligations, and manage potential dilution have been announced by AST SpaceMobile.“This strategic financing strengthens our balance sheet and positions us to accelerate the deployment of our space-based cellular broadband network.” Abel Avellan, AST Space MobileThe company has priced a private offering of $500 million in aggregate prin…