AST SpaceMobile adds 100 million in non dilutive funding to support manufacturing expansion
by Clarence Oxford
MIDLAND TX (SPX) Jul 08, 2025

AST SpaceMobile has secured a $100 million equipment financing facility from Trinity Capital Inc., offering the satellite telecom innovator long-term, non-dilutive liquidity to accelerate manufacturing and deployment plans through 2026. The agreement marks AST SpaceMobile's first such financing deal and reflects its transition from research and development to full-scale commercial operations.

Chief Financial Officer Andrew Johnson stated, "This new non-dilutive financing enables AST SpaceMobile to continue its strong momentum executing against its accelerated operational plans." The facility, backed by existing and planned equipment as collateral, includes $25 million drawn at closing and extends through 2031. The structure supports the company's evolving capital strategy while maintaining financial flexibility.

This latest infusion adds to the company's growing liquidity base, which already exceeded $900 million in cash and equivalents at the end of Q2. Recent financial moves include a convertible note issue in January 2025, partial note retirement following a stock price rally, and disciplined use of an At-the-Market facility. These steps collectively underscore AST SpaceMobile's strategy to maximize shareholder value while scaling its space-based cellular broadband network.

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