AST SpaceMobile is trending Friday after pricing $1 billion in convertible notes Wednesday and delaying its commercial satellite launch.

AST SpaceMobile Announces Pricing of Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034 (Effective Conversion Price of $149.20 per Share with Capped Call)

AST SpaceMobile ($ASTS) stock falls 10% in premarket after pricing a $1B convertible notes offering. Get the latest market reaction.

Piper Sandler initiates coverage on ASTS with an Overweight, SPCX and RKLB with a Neutral as one-year gains are already priced in.

ASTS crashed on a $1B raise, but investor Shay Boloor bought the dip. Discover why he calls this 1.5% dilution completely misunderstood.

AST SpaceMobile is trending Friday after pricing $1 billion in convertible notes Wednesday and delaying its commercial satellite launch.