ASTS Tower Corp American /MA/ sells $159.6M worth of shares
Dec 12, 2025, 5:37 AM
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What does ASTS do
AST Spacemobile, headquartered in Midland, Texas, develops a space-based broadband network using LEO satellites to connect standard mobile devices, with an IPO since September 2019. The company employs 272 staff and tests its BlueWalker 3 satellite for service capabilities.
Tower Corp American /MA/ sold 2,288,621 shares of ASTS on 9 December at $69.75 per share, worth a total of $159.6M. They now own 211,379 ASTS shares, or a 92% holding decrease.
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