AST SpaceMobile gains as co confirms September orbital launch
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Contributor since / Followers
Contributor since / Followers
3 months ago
- Shares of AST SpaceMobile (NASDAQ:ASTS) roses more than 7% on Wednesday after the company said that the launch of its upcoming satellites is targeted on or after September 12th from Cape Canaveral, Florida.
- AST SpaceMobile (ASTS) also said that over $155.0 million in proceeds is expected from its previously announced redemption of warrants, resulting in over $440.0 million in cash on a pro forma basis as of June 30, 2024.
- After launch, the BlueBird satellites are planned to offer non-continuous cellular broadband service across the United States and in select markets globally.
- This initial service, based on premium low band spectrum, is planned to support beta test users for AT&T (T) and Verizon (VZ), and will target approximately 100% nationwide coverage from space with over 5,600 coverage cells in the United States.
- ASTS is +7.17% to $31.52.
- Source: Press Release