AST SpaceMobile secured a $100 million non-dilutive equipment financing facility led by Trinity Capital Inc. This funding will accelerate manufacturing and network deployment over the next two years. The financing is the firm's first of its kind, marking a transition from Research & Development to full-scale operations. Included is $25 million drawn against equipment, accessible until 2031. The structure also supports future debt capital, maintaining complete ownership and operational autonomy for the business.
The financing, which was led by Trinity Capital Inc., was non-dilutive and will be used to accelerate manufacturing and network deployment this year and next.
This facility is the first such type of financing agreement for the company and reflects our stage of rapid growth and transition from Research & Development to full-scale manufacturing and network deployment.
The additional liquidity includes $25 million drawn at closing against previously purchased equipment and is available through 2031.
Frontier Funding defines non-dilutive financing as a form of financing in which the business maintains complete ownership of the business.
#space-technology #broadband-connectivity #non-dilutive-financing #satellite-services #ast-spacemobile
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