AST SpaceMobile
History
AST & Science purchased a controlling interest in NanoAvionics, a Lithuanian satellite manufacturing company, on March 6, 2018.
History
In March 2020, AST & Science LLC announced a Series B investment round, led by Vodafone and Rakuten, that raised $110 million for the company. Samsung Next, American Tower, and Cisneros also participated.
History
New Providence's first special-purpose acquisition company (SPAC) announced in April 2021 that its shareholders had approved a proposal to form AST SpaceMobile in a business combination with AST & Science LLC. AST SpaceMobile began to trade on the Nasdaq in the week after that announcement. New Providence had raised $462 million through an initial public offering (IPO) and a private investment in public equity (PIPE) to fully fund the development and first phase of its satellite constellation.
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