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7 Articles
7 Articles
In order to accelerate the development of its direct satellite connectivity network to mobile devices (D2D), AST SpaceMobile has just secured $100 million funding. The company announced the closing of the funding line, led by the Trinity Capital asset manager, to support the manufacture of equipment and network deployment for the rest of the year and in 2026. By the end of 2026, AST SpaceMobile plans to launch 60 satellites into orbit to provide…
AST SpaceMobile scores extra $100M financing
AST SpaceMobile secured $100 million in non-dilutive equipment financing from business development company Trinity Capital to support its manufacturing and network deployment plans for 2025 and 2026. Non-dilutive financing pumps additional funding into AST SpaceMobile without a requirement to sell new shares or a stake in the business. CFO Andrew Johnson stated it is “the first such type of financing agreement for the company and reflects our s…
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