LA PLATA, Maryland — Mobile satellite direct-to-device (D2D) service provider AST SpaceMobile said it had secured over $1 billion in revenue commitments from its commercial telco partners who will use the service to fill in gaps in their cellular coverage, and $3.2 billion in liquidity.
The most recent addition to the revenue commitment is a 10-year agreement with Saudi Arabia's stc group, with $175 million in prepayments.
The liquidity is sufficient for the company to deploy the 90 satellites it says it will need to . . .
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