AST SpaceMobile Advances Space-Based Cellular Network

The latest update is out from AST SpaceMobile ( (ASTS) ).

AST SpaceMobile has made significant strides in its mission to establish the first space-based cellular broadband network, with five BlueBird satellites now operational and collaborations underway with major partners like AT&T and Verizon. The company’s strategic moves include securing launch agreements with Blue Origin and SpaceX and expanding its customer base with new government contracts. Financially, AST SpaceMobile maintains a robust cash position of $518.9 million while prioritizing strategic capital through non-dilutive methods to support its growth plans.

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