AST SpaceMobile, Inc. (NYSE:ASTS) shares are trading higher after the company announced confirmation for a September 12 launch target for BlueBird Satellites from Cape Canaveral, Florida.
The company expects to raise over $155 million from warrant redemptions, bringing its total cash to over $440 million on a pro forma basis as of June 30, 2024.
The first five commercial satellites, known as BlueBirds, will be equipped with the largest commercial communications arrays ever deployed in low Earth orbit.
After launch, these satellites are expected to provide non-continuous cellular broadband service across the U.S. and select ...
