Mentioned:
The race for wireless connectivity from space is underway. And now, the United States Space Development Agency is taking a shot on AST SpaceMobile to build the future of satellite technology to make it possible.
What’s happening:
- AST SpaceMobile (NASDAQ: ASTS) has been selected by the United States Space Development Agency to compete for future prototype demonstration projects under the Hybrid Acquisition for Proliferated Low Earth Orbit program
Why it matters:
- The United States Space Development Agency is focused on accelerating innovation in space technology for both national defense and military purposes
- The new selection from the Space Development Agency will allow ATS SpaceMobile to bid on future prototype missions being conducted around satellite deployment for high speed communications and relaying data
Going deeper:
- The Space Development Agency has previously committed hundreds of millions to private space companies for contracts focused on missile tracking technology and large scale satellite networks for communication purposes
- AST SpaceMobile previously made waves when they successfully launched their five commercial satellites into orbit for the first time ever
