Spotlight

AST SpaceMobile Snags $100M in Post-IPO Equity Round: The Race to Service Space Is ON

AST SpaceMobile is pioneering the development of the world's first space-based cellular broadband network, aiming to provide uninterrupted global coverage and address connectivity gaps. Their mission is to make broadband accessible everywhere, revolutionizing how we think about mobile connectivity. In the future, AST SpaceMobile could significantly impact global communication, particularly in remote and underserved areas, potentially leading to greater digital inclusion and new possibilities in global connectivity.

AST SpaceMobile's innovative approach has the potential to dramatically alter the landscape of global communication and information access. By enabling broadband connectivity directly to unmodified mobile devices, the company could bridge the digital divide, providing essential internet services to regions previously cut off due to lack of infrastructure. This could lead to significant advancements in education, healthcare, and economic development in remote areas, showcasing AST SpaceMobile's potential to not only connect but also empower communities worldwide.

AST SpaceMobile is building the first and only global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio. The company's team of engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobilesubscribers and finally bring broadband to the billions who remain unconnected. The company was founded on May 31, 2017 and is headquartered in Midland, TX.

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Startup Shutdown of the Day :(

VanMoof Runs Out of Juice

In the fast-paced world of e-bike innovation, VanMoof pedaled hard to lead the pack with its high-tech bicycles. Unfortunately, their journey hit more potholes than expected, leading to a rather abrupt brake application in the form of bankruptcy. While they aimed to revolutionize urban commuting, it seems the only thing they accelerated was their own downfall, leaving customers pedaling on the path of 'what could have been. 

VanMoof, a Dutch e-bike company, was declared bankrupt by the Amsterdam court, with Mr. J.A.H. Padberg and Mr. R.P.A. de Wit was appointed as curators. Both B2B and B2C creditors were advised to submit their claims via ClaimsAgent.nl, with specific instructions for those with undelivered bikes, canceled orders, or warranty claims. The new asset buyer aims to support VanMoof riders with service facilities and spare parts but is not responsible for warranty obligations or undelivered bikes ordered before bankruptcy. Creditors who receive any form of compensation must adjust their claims accordingly, and only claims submitted through ClaimsAgent will be recognized in the bankruptcy proceedings.