AST SpaceMobile Raises Debt To ‘Fully Fund’ First Five Cellular Sats
AST SpaceMobile says funding will launch commercial service in 2024.
Credit: AST SpaceMobile
AST SpaceMobile has raised $115 million in debt, enough to fully fund the manufacturing of its first five cellular signal broadcasting BlueBird satellites, the company says. The financing package was made of an up to $100 million senior secured credit facility and a $15 million equipment-backed loan...
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