AST SpaceMobile (ASTS) Completes $1 Billion Convertible Notes Offering Private

Venkatesh

Mon, February 23, 2026 at 12:24 AM GMT+9 2 min read

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AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the 10 Best Stocks to Buy in 2026 According to Reddit.

AST SpaceMobile (ASTS) Completes $1 Billion Convertible Notes Offering Private

On February 17, 2026, AST SpaceMobile, Inc. (NASDAQ:ASTS) announced the completion of a $1 billion private offering of 2.25% convertible senior notes due 2036. Through the financing, the company generated approximately $983.7 million. AST SpaceMobile, Inc. (NASDAQ:ASTS) intends to use the net proceeds to strengthen its balance sheet and fund its expansion initiatives, including accelerating global spectrum deployment and advancing AI monetization. The company has also launched share offerings and convertible note repurchases to reduce high-cost debt and interest expenses, aiming to optimize its capital structure.

In an unrelated event, on February 13, 2026, B. Riley analyst Mike Crawford lowered AST SpaceMobile, Inc. (NASDAQ:ASTS)’s price target from $105 to $95 while upholding a Neutral rating on the shares. According to the analyst’s research note, the company saw a 15% share decline due to a sector-wide slump, but it has strengthened its balance sheet to $2.78 billion via a $1 billion note and a $614 million offering.

Founded in 2017, AST SpaceMobile, Inc. (NASDAQ:ASTS) is a publicly traded satellite designer and manufacturer. The Texas-based company is building the first space-based cellular broadband network designed to connect directly to standard smartphones.

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