Satellite direct-to-cellular company AST SpaceMobile has garnered two major new financial backers, adding AT&T and Google as strategic investors along with additional funding from existing partner Vodafone to support commercial roll-out of its technology.
The company announced that it has gained aggregate new financing of up to $206.5 million from the investments of AT&T, Google and new capital from Vodafone, and that it plans to draw on an additional sum up to $51.5 million from a credit line.