AST SpaceMobile

About

AST SpaceMobile is building the first space-based broadband cellular network to operate directly with standard, unmodified mobile devices.

Midland,Texas,United States
251 - 500
https://ast-science.com/

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $110M
Industries: Information Technology,Satellite Communication,Telecommunications
Founded date: Jan 1, 2017
Number Of Employee: 251 - 500
Operating Status: Active
Stock Symbol: nasdaq:ASTS
Legal Name: AST SpaceMobile, Inc.
Also Known As: AST & Science,SpaceMobile,New Providence Acquisition Corp.

AST SpaceMobile is building the first and only global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio. The company's team of engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. The company was founded on May 31, 2017 and is headquartered in Midland, TX. The listed name for ASTS is AST SpaceMobile, Inc. Class A Common Stock.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$820M

AST SpaceMobile has raised a total of $820M in funding over 2 rounds. Their latest funding was raised on Apr 7, 2021 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 7, 2021	Post-IPO Equity	$230M	4	—	—	Detail
Apr 7, 2021	IPO	$462M	—	—	—	Detail
Jan 3, 2021	Series Unknown	—	1	—	—	Detail
Dec 16, 2020	Series C	—	—	—	—	Detail
Mar 3, 2020	Series B	$110M	5	Rakuten Vodafone	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

7

AST SpaceMobile is funded by 7 investors. Rakuten and Apex Site Management are the most recent investors.

Investor Name	Lead Investor	Funding Round
Rakuten	—	Post-IPO Equity
Apex Site Management	—	Post-IPO Equity
UBS O'Connor	—	Post-IPO Equity
Vodafone	—	Post-IPO Equity
Seraphim Space	—	Series Unknown
Cisneros Group	—	Series B
Samsung NEXT	—	Series B