What Happened to AST SpaceMobile?
Ticker: ASTSSPAC Year: 2019Merger: 2021
Return
+784.2%
Current Price
$40
Peak Price
$129.89
Trust Size
$5.0B
Summary
AST SpaceMobile is building a space-based cellular broadband network to provide connectivity directly to standard smartphones via satellites. The company went public through a SPAC merger with New Providence Acquisition Corp in 2021. AST has launched test satellites and secured partnerships with major telecom carriers.
What Happened
New Providence Acquisition Corp merged with AST SpaceMobile in April 2021 at an enterprise value of ~$1.4 billion. The company successfully launched its BlueWalker 3 test satellite in 2022 and began launching commercial BlueBird satellites in 2024. The stock surged to ~$130 in late 2025 before pulling back. AST SpaceMobile was misclassified as bankrupt â it is actively trading on Nasdaq at ~$40/share.
Timeline
2019-09-06
S-1 Registration Filed
2021-03-12
Merger Proxy Filed (DEFM14A)