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AST SpaceMobile secures $100M equipment financing for growth

AST Spacemobile, Inc. has announced the closing of a $100.0 million equipment financing facility led by Trinity Capital Inc. This non-dilutive financing is aimed at supporting the company's accelerated manufacturing and network deployment goals during 2025 and 2026.

The facility provides an additional $100.0 million of long-term liquidity, including $25.0 million drawn at closing against previously purchased equipment, available through 2031. It uses existing and planned equipment as collateral and is designed to fit into a more mature, long-term capital structure, facilitating future debt capital, enabling flexibility, and facilitating continued growth.

AST Spacemobile's capital structure continues to mature through a robust funding strategy, demonstrated by the successful convertible note issuance in January 2025, the retirement of approximately half the convertible notes after a share price increase of over 100% within six months, and the prudent use of the 2025-issued at-the-market facility. The company concluded the second quarter with over $900.0 million in cash, cash equivalents, and restricted cash.

This new financing reflects the company's stage of rapid growth and transition from research & development to full-scale manufacturing and network deployment. It enables AST Spacemobile to continue its strong momentum executing against its accelerated operational plans.

Today the company's shares have moved -0.24% to a price of $45.60. Check out the company's full 8-K submission here.

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