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AST SpaceMobile
AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network that will allow existing, unmodified smartphones to connect to satellites in areas with coverage gaps. Its BlueWalker 3 prototype and BlueBird commercial satellites are among the largest commercial communications arrays in low Earth orbit after their respective launches and unfoldings in 2022 and 2024.
AST SpaceMobile was founded in May 2017 by Abel Avellan as AST & Science LLC. Avellan remains the chairman and chief executive officer of the company. Originally from Venezuela, Avellan is a United States citizen who previously worked for Swedish telecommunications conglomerate Ericsson. In 1999, Avellan founded Emerging Markets Communications, a satellite-based communications services provider to maritime and other mobility markets, which was acquired in 2016 for US$550 million.
AST & Science purchased a controlling interest in NanoAvionics, a Lithuanian satellite manufacturing company, on March 6, 2018.
In March 2020, AST & Science LLC announced a Series B investment round, led by Vodafone and Rakuten, that raised $110 million for the company. Samsung Next, American Tower, and Cisneros also participated.
New Providence's first special-purpose acquisition company (SPAC) announced in April 2021 that its shareholders had approved a proposal to form AST SpaceMobile in a business combination with AST & Science LLC. AST SpaceMobile began to trade on the Nasdaq in the week after that announcement. New Providence had raised $462 million through an initial public offering (IPO) and a private investment in public equity (PIPE) to fully fund the development and first phase of its satellite constellation.
AST SpaceMobile started generating revenue through a U.S. Government contract in 2024. However, the company does not expect to begin generating substantial revenue through mobile network operators like AT&T and Verizon until the company's BlueBird 1-5 satellites are fully operational. The mobile network operators with whom the company has agreements and understandings collectively serve over 2.8 billion existing subscribers.
In July 2022, Nokia announced that it had won a five-year 4G and 5G deal from AST SpaceMobile.
AST SpaceMobile sold its majority ownership stake in NanoAvionics to Kongsberg Defence & Aerospace in September 2022.
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AST SpaceMobile
AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network that will allow existing, unmodified smartphones to connect to satellites in areas with coverage gaps. Its BlueWalker 3 prototype and BlueBird commercial satellites are among the largest commercial communications arrays in low Earth orbit after their respective launches and unfoldings in 2022 and 2024.
AST SpaceMobile was founded in May 2017 by Abel Avellan as AST & Science LLC. Avellan remains the chairman and chief executive officer of the company. Originally from Venezuela, Avellan is a United States citizen who previously worked for Swedish telecommunications conglomerate Ericsson. In 1999, Avellan founded Emerging Markets Communications, a satellite-based communications services provider to maritime and other mobility markets, which was acquired in 2016 for US$550 million.
AST & Science purchased a controlling interest in NanoAvionics, a Lithuanian satellite manufacturing company, on March 6, 2018.
In March 2020, AST & Science LLC announced a Series B investment round, led by Vodafone and Rakuten, that raised $110 million for the company. Samsung Next, American Tower, and Cisneros also participated.
New Providence's first special-purpose acquisition company (SPAC) announced in April 2021 that its shareholders had approved a proposal to form AST SpaceMobile in a business combination with AST & Science LLC. AST SpaceMobile began to trade on the Nasdaq in the week after that announcement. New Providence had raised $462 million through an initial public offering (IPO) and a private investment in public equity (PIPE) to fully fund the development and first phase of its satellite constellation.
AST SpaceMobile started generating revenue through a U.S. Government contract in 2024. However, the company does not expect to begin generating substantial revenue through mobile network operators like AT&T and Verizon until the company's BlueBird 1-5 satellites are fully operational. The mobile network operators with whom the company has agreements and understandings collectively serve over 2.8 billion existing subscribers.
In July 2022, Nokia announced that it had won a five-year 4G and 5G deal from AST SpaceMobile.
AST SpaceMobile sold its majority ownership stake in NanoAvionics to Kongsberg Defence & Aerospace in September 2022.