Jul 10, 2025 | Posted by Abdul-Rahman Oladimeji
AST SpaceMobile has secured a $100 million equipment financing facility to support the satellite operator's manufacturing and network deployment goals during 2025 and 2026. The satellite provider revealed that the non-dilutive financing facility has been led by alternative asset manager Trinity Capital Inc.
“This new non-dilutive financing enables AST SpaceMobile to continue its strong momentum executing against its accelerated operational plans,” said Andrew Johnson, chief financial officer of AST SpaceMobile.
“This facility is the first such type of financing agreement for the company and reflects our stage of rapid growth and transition from research and development to full-scale manufacturing and network deployment.”
AST was planning a constellation of almost 170 satellites; the first 20 were originally due to enter operation by 2023, with another 90 deployed through 2024. According to more recent press releases, it seems to have revised its constellation plans down to 100.
