AST SpaceMobile’s stock is sinking as the SpaceX rival looks to raise more cash

HomeIndustriesAerospace/DefenseSpace WatchSpace WatchAST SpaceMobile also pushed back a satellite-launch targetJuly 16, 2026, 11:51 a.m. ETShares of a SpaceX competitor are dropping on Thursday after the company said it needed to raise new funds and announced a delay with its satellite targets.Shortly after the market closed on Wednesday, AST SpaceMobile ASTS said it would offer $1 billion worth of convertible senior notes. A few hours later, the company disclosed pricing details for those 1.625% notes, which are due in 2034 and will have an initial conversion price of $79.57 a share.Partner CenterMost Popular