AST SpaceMobile, the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, provided an interim update on fundraising progress.
Strategic investment process continues with multiple parties;
- Now seeking to close and fund the previously disclosed strategic investment in January 2024 with multiple parties, subject to completion of final documentation and approvals
- Secured initial ground infrastructure orders from two customers for planned commercial service
- There can be no assurance that we will enter into any such transactions on acceptable terms, on this timing, or at all.
AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio
