AST Secures $179 Million Financing Package

Atlas Capital Partners provided $100 million in financing to direct-to-device satellite startup AST SpaceMobiile, Atlas said Tuesday. The financing is part of a $179 million package of cash and liquidity the company announced Monday. AST Chief Strategy Officer Scott Wisniewski said the financing is intended to fund the manufacturing and launch of additional BlueBird satellites beyond its first five commercial satellites, which are expected to launch in Q1 2024.