AST Space Mobile
Space startup investor Seraphim Capital’s investment trust started trading on the London Stock Exchange July 14, raising about $250 million for larger international acquisitions.
AST & Science, which is developing a cellphone-compatible satellite broadband constellation, will start trading on the Nasdaq next week after getting shareholder approval April 1.
The SPAC boom has reshaped the space startup sector. Until recently, there was plenty of capital flowing into startups but few exits. SPACs offer, in some sense, the best of both options: an influx of capital associated with going public, but without the overhead of a traditional IPO.
AST & Science LLC announced plans Dec. 16 to become a publicly traded company through a special purpose acquisition company.