Stock Track | AST SpaceMobile Soars Over 5% Pre-Market on Spectrum Deal and Financing News

Stock Track

Jan 06, 2025

AST SpaceMobile, Inc. (ASTS) saw its stock surge 5.21% in pre-market trading on Monday, following the company's announcement of securing long-term access to premium mid-band spectrum in the United States for its direct-to-device satellite applications.

The company revealed that it has entered into an agreement that grants it access to up to 45 MHz of the highly coveted lower mid-band spectrum range. This spectrum is crucial for AST SpaceMobile's plans to provide seamless connectivity from space directly to mobile devices.

Additionally, AST SpaceMobile announced a significant $550 million financing commitment from institutional investors. This capital infusion is expected to support the company's ambitious plans to deploy its satellite constellation and roll out its innovative direct-to-device satellite services.

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(ASTS) saw its stock surge 5.21% in pre-market trading on Monday, following the company's announcement of securing long-term access to premium mid-band spectrum in the United States for its direct-to-device satellite applications.</p>\n\n<p>The company revealed that it has entered into an agreement that grants it access to up to 45 MHz of the highly coveted lower mid-band spectrum range. This spectrum is crucial for AST SpaceMobile's plans to provide seamless connectivity from space directly to mobile devices.</p>\n\n<p>Additionally, AST SpaceMobile announced a significant $550 million financing commitment from institutional investors. This capital infusion is expected to support the company's ambitious plans to deploy its satellite constellation and roll out its innovative direct-to-device satellite services.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASTS","symbol_name":"AST SpaceMobile, Inc.","start_time":0,"source_url":"","article_id":"1138575682","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138575682","pubTimestamp":1736170579,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"AST SpaceMobile, Inc.  saw its stock surge 5.21% in pre-market trading on Monday, following the company's announcement of securing long-term access to premium mid-band spectrum in the United States for its direct-to-device satellite applications.The company revealed that it has entered into an agreement that grants it access to up to 45 MHz of the highly coveted lower mid-band spectrum range. 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