"Tech Giants Google and AT&T Invest $155 Million in AST SpaceMobile for Satellite Support"

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Source: SpaceNews
"Tech Giants Google and AT&T Invest $155 Million in AST SpaceMobile for Satellite Support"
Photo: SpaceNews
TL;DR Summary

Google and AT&T have joined a $155 million strategic investment in AST SpaceMobile, a company aiming to provide direct-to-smartphone connectivity via a constellation of satellites. The investment also includes funds from existing shareholder Vodafone, with plans to raise additional capital through debt facilities and discounted share sales. AST SpaceMobile aims to deploy commercial services this year and is preparing to produce larger spacecraft to enhance its satellite constellation's performance. The company has also secured strategic partnerships with AT&T, Vodafone, and Google, while facing competition from other players in the satellite connectivity space such as SpaceX and Lynk Global.

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