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Stock impact report

AST SpaceMobile Raised $150 Million, But at What Cost? [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
That's great news for the company and investors, and enthusiasm for the stock is clear as its price is up more than 600% over the past year. There's just one problem -- AST SpaceMobile is only at the start of a very expensive growth phase. Here's how raising more capital could be costly for existing AST SpaceMobile shareholders. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » AST SpaceMobile's business goal is to create a space-based mobile broadband cellular network. This would allow consumers to make calls and connect to the internet anywhere on the planet. The biggest attraction of the service, however, is that it would work with existing cellphone handsets as an add-on service from a user's current telecom provider . It would offer simple and easy connectivity while climbing a mountain, traversing a desert, or sailing the ocean. That's an attractive product offering. To get to the point where AST SpaceMobile can p Show less Read more
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