AST SpaceMobile achieves space-based 4G LTE speeds >10 Mbps; secures up to $179M liquidity

AST SpaceMobile, Inc.

BlueWalker 3 test with AT&T, Vodafone, Nokia hits 4G LTE speeds above 10 Mbps to standard smartphones.
Raised up to $179M: $48.5M draw on $100M credit facility, $15M equipment loan, $57M equity, $7M ATM.
First five BlueBird satellites fully-funded; launch Q1 2024, targeting initial commercial service in 2024.
40+ MOUs with mobile network operators covering ~2.4 billion subscribers globally.
Cash and equivalents $191.5M at June 30; added $115M post-quarter via debt and equipment financing.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AST SpaceMobile, Inc. reported financial results for for the three and six months ended June 30, 2023.

Period: for the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 14, 2023, AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) issued a press release announcing financial results for the three and six months ended June 30, 2023.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-042412

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