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AST SpaceMobile Launches $800M Stock Offering Amid Stock Dip

10/7/2025

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Summary

Story summary

AST SpaceMobile Inc. (NASDAQ: ASTS) announced an $800 million stock offering under an Equity Distribution Agreement to sell shares over three years, with up to 3% commission for agents.
The stock fell 6.28% to $68.32.
As of June 30, AST SpaceMobile held $1.5 billion in cash and equivalents, while investors watch its space-based broadband plan backed by Verizon and AT&T.

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Story summary

AST SpaceMobile Inc. (NASDAQ: ASTS) announced an $800 million stock offering under an Equity Distribution Agreement to sell shares over three years, with up to 3% commission for agents.
The stock fell 6.28% to $68.32.
As of June 30, AST SpaceMobile held $1.5 billion in cash and equivalents, while investors watch its space-based broadband plan backed by Verizon and AT&T.