How Much Did AST SpaceMobile Raise? Funding & Key Investors

AST SpaceMobile has successfully raised significant funding through various rounds, including a recent Post-IPO Debt round. The company is developing a space-based broadband cellular network aimed at providing global coverage for unmodified mobile devices.

With backing from notable investors such as Vodafone Ventures and AT&T Ventures, AST SpaceMobile is poised to revolutionize telecommunications. Keep reading to explore the intricacies of AST SpaceMobile's fundraising journey and the investors supporting this innovative platform.

What Is AST SpaceMobile?

AST SpaceMobile, founded on May 31, 2017, is headquartered in Midland, Texas. The company operates in the Information Technology, Satellite Communication, and Telecommunications industries. It aims to build the first and only global broadband cellular network in space to operate directly with standard, unmodified mobile devices.

Founded by Abel Avellan, AST SpaceMobile employs between 101 and 250 people. The company's mission is to eliminate connectivity gaps and make broadband accessible to all, providing uninterrupted 5G cellular broadband coverage across the globe.

How Much Funding Has AST SpaceMobile Raised?

1. Series A
   • Amount Raised: $10M
   • Date: July 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of their space-based cellular network technology.
2. Series B
   • Amount Raised: $110M
   • Date: March 2020
   • Lead Investors: Rakuten, Vodafone
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their technological capabilities and prepare for the launch of their first satellites.
3. Series C
   • Amount Raised: Not publicly disclosed
   • Date: December 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop their satellite technology and infrastructure.
4. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure additional funding for ongoing projects and operational costs.
5. Post-IPO Equity
   • Amount Raised: $230M
   • Date: April 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate the deployment of their space-based network and enhance global connectivity.
6. Post-IPO Equity
   • Amount Raised: $59.4M
   • Date: June 2023
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue the development and deployment of their satellite network.
7. Post-IPO Debt
   • Amount Raised: $48.5M
   • Date: August 2023
   • Lead Investors: Atlas Credit Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fund the ongoing operational expenses and satellite launches.
8. Post-IPO Debt
   • Amount Raised: $110M
   • Date: January 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the commercial roll-out of their network and deepen strategic partnerships.
9. Post-IPO Equity
   • Amount Raised: $100M
   • Date: January 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate the deployment of their space-based network and enhance global connectivity.
10. Post-IPO Debt
    • Amount Raised: $460M
    • Date: January 2025
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further develop their satellite technology and infrastructure.

Total Amount Raised: $1.1289B. Current Valuation: Not publicly disclosed.

Key Investors

• Vodafone Ventures
  • Details: Vodafone Ventures is the venture capital arm of Vodafone Group, a leading telecommunications company. They focus on investing in innovative technology and telecommunications startups.
  • Investment Focus Areas: Technology, Telecommunications
  • Notable Investments: Various technology startups and telecommunications companies.
• AT&T Ventures
  • Details: AT&T Ventures is the venture capital arm of AT&T, a major player in the telecommunications industry. They invest in companies that drive innovation in telecommunications and technology.
  • Investment Focus Areas: Telecommunications, Technology
  • Notable Investments: Various telecommunications companies and technology startups.
• Google
  • Details: Google is a global technology leader known for its search engine, advertising services, and various technology products. They invest in a wide range of technology and internet services.
  • Investment Focus Areas: Technology, Internet Services, Product Development
  • Notable Investments: Various technology and internet-related ventures.
• Rakuten
  • Details: Rakuten is a Japanese e-commerce and online retailing company. They have a strong presence in various sectors, including e-commerce, fintech, and telecommunications.
  • Investment Focus Areas: E-commerce, Fintech, Telecommunications
  • Notable Investments: Various e-commerce platforms and fintech companies.
• Atlas Credit Partners
  • Details: Atlas Credit Partners is a private investment firm specializing in providing flexible capital solutions. They focus on investments in various sectors, including technology and telecommunications.
  • Investment Focus Areas: Technology, Telecommunications, Flexible Capital Solutions
  • Notable Investments: Various technology and telecommunications companies.

What's Next for AST SpaceMobile?

AST SpaceMobile stands on the brink of a transformative era, buoyed by a strategic investment of $206.5 million from industry giants AT&T, Google, and Vodafone. This substantial backing underscores the immense opportunity to expand their space-based cellular broadband network, potentially connecting 5.5 billion devices globally. With over 40 agreements with mobile network operators, the company is poised to revolutionize global connectivity.

Future fundraising prospects look promising, with potential for additional strategic investments and revenue commitments from major partners. However, the path ahead is not without challenges. Regulatory hurdles, competition from other connectivity providers, and technical complexities in satellite deployment could pose significant obstacles. Yet, with robust industry trends favoring global connectivity solutions, AST SpaceMobile is well-positioned to navigate these challenges and achieve its ambitious goals.

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