The rival to SpaceX's Starlink Mobile signals it's pursuing partnerships or acquisitions to bolster its ability to launch satellites, following the Blue Origin mishap.

AST's carrier partnerships could reshape the satellite-to-phone race, but investors still need to weigh a premium valuation against a difficult execution path.

AST SpaceMobile has announced a private debt funding offering to raise $1 billion (€0.87bn) in the shape of Convertible Senior Notes. AST has also confirme

AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications,

AST SpaceMobile shares fell in after-hours trading after the company said it intends to offer $1 billion of convertible senior notes due 2034 in a private offering to qualified institutional buyers. Shares were recently down 13% at $57.

AST SpaceMobile wants to bring cell coverage everywhere via satellites.

New Zealand-based telecoms firm 2degrees has secured a license for its new satellite ground station, which will support the company’s planned direct-to-cell satellite service. Company CEO Mark Callander this week said that Radio Spectrum Management,

Shares of SpaceX (NASDAQ:SPCX) are down 5% to $138.58 in early Monday trading, a fresh record low that sits below the $150 debut price and well off the $225 peak on June 16. The slide extends a bruising stretch for the stock,

Major U.S. indices closed higher on Wednesday, with the Dow Jones Industrial Average rising 0.29% to 52,658.64, the S&P 500 advancing 0.38% to 7,572.40, and the Nasdaq gaining 0.62% to finish at 26,269.