The company said it expects net proceeds of about $983.7 million (or roughly $1.13 billion if the option is exercised) and intends to use the capital for general corporate purposes.

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced it will hold a quarterly business update conference call on Monday, March 2nd at 5:00 p.m. (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and management w.

In the closing of the recent trading day, AST SpaceMobile, Inc. (ASTS) stood at $84.43, denoting a +1.69% move from the preceding trading day.

ANET or ASTS? As satellite ambitions clash with AI-driven networking strength, one connectivity stock stands out in terms of growth, valuation and earnings outlook.

Rocket Lab (NASDAQ: RKLB | RKLB Price Prediction) and AST SpaceMobile (NASDAQ: ASTS) both shed between 26 and 27% over the past month, but the reasons behind each selloff tell very different stories about execution versus expectations.

Space stocks delivered a mixed week of performance last week, with established players showing resilience while high-growth names faced pressure.

Retail investors are playing an increasingly larger role on Wall Street. Although Palantir's Gotham and Foundry segments lack large-scale competition, the company is rife with red flags.

Nio's EV sales are soaring in China and Europe. AST SpaceMobile will continue expanding its LEO satellite constellation.

Calton and Associates Inc. bought a new position in AST SpaceMobile, Inc. (NASDAQ: ASTS) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,475 shares of the company's stock, valued at approximately $661,000. Other hedge funds and other institutional investors also recently

AST SpaceMobile ( NASDAQ:ASTS ) dropped 19% this week, falling from $101.79 to $82.51 as the space-based cellular broadband company executed a complex capital raise strategy.