United States

AST SpaceMobile, Inc. ASTS

NASDAQ Communications USD

AST SpaceMobile, Inc. is a pioneering company building the first global cellular broadband network accessible directly from space using standard, unmodified smartphones. The company's SpaceMobile Service is designed to provide high-speed voice, text, data, and video connectivity to mobile users who are outside terrestrial cellular coverage, without requiring any new equipment or specialized devices. AST SpaceMobile operates by deploying a constellation of large, high-powered satellites in low Earth orbit that communicate using low-band and mid-band spectrum controlled by existing Mobile Network Operators (MNOs). The company intends to partner with MNOs through a revenue-sharing model, allowing them to extend coverage seamlessly to their subscribers in areas where building traditional infrastructure is impractical or cost-prohibitive. This service aims to bridge connectivity gaps for billions of people globally, including those in remote regions or moving in and out of coverage zones, while also offering backup connectivity during disasters or network disruptions. Additionally, AST SpaceMobile leverages its patented technology and satellite capabilities for certain non-communication applications in the government sector, working with U.S. government contractors to develop and test specialized services. The company has already launched test and initial commercial satellites, with plans to deploy an expanded constellation to enable continuous global coverage.

Current Price USD 72.84
Daily Change -1.57%
Market Cap USD 26.76 B
Shares Outstanding 278.01 M
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