AST SpaceMobile expects $3.2 billion cash burn before 2029 despite securing US and Japan support
ASTS AST SpaceMobile Inc
$56.93 -6.13%
View chart & analysis → - 1AST SpaceMobile shares rose more than 8% during intraday trading on October 6.
- 2Japan's Ministry of Internal Affairs and Communications has pre-selected the Rakuten-AST joint venture to receive up to approximately $1 billion in non-dilutive, non-debt government capital support for the J-LEO program.
- 3Wall Street forecasts AST SpaceMobile's expected cash burn to reach $3.2 billion before 2029.
So what's the key point?
The Japanese government has decided to provide approximately $1 billion in support for a project collaborating with AST SpaceMobile. However, experts expect $3.2 billion in cash to be spent before 2029.
Source TIKR · View original ↗
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