Starlink Rival Announces Plans to Take on Musk With a $1.5 Billion Satellite Push
Texas startup AST SpaceMobile announced its plan to launch 45 to 60 satellites by 2026, establishing itself as a worthy competitor to SpaceX’s Starlink constellation in building space-based broadband networks. The company announced its second-quarter earnings on Monday, revealing that it had $1.5 billion on its balance sheet to fund the deployment of dozens of its satellites, CNBC reported. The next day, AST SpaceMobile’s shares soared by more than 10% with the prospect of the company providing