AT&T DISCLOSES INVESTMENT IN AST SPACEMOBILE
Posted: Feb 11, 2025
- AT&T Inc. and its subsidiary AT&T Venture Investments, LLC own 6,260,440 shares of AST SpaceMobile's Class A Common Stock
- Shares are held directly by AT&T Venture Investments, LLC, with AT&T Inc. having indirect ownership
- Both entities are part of a 10% owner group
- Filing was made with the SEC using Form 3
- Filed jointly under Rule 16a-3(j) under the Exchange Act
- AT&T Inc. has revealed a 2.7% position in $ASTS
- This information was filed on February 11, 2025
- The filing was shared on FilingTracker's Twitter account
What do people on Reddit think?
🚨 Reddit sentiment: mixed - Comments vary with some viewing the investment as a potential positive catalyst while others are skeptical due to AT&T's past decisions. There's notable interest and potential for price movement but also a belief that the news might not have long-term significance. Summarized comments: - AT&T's investment in AST SpaceMobile is considered a smart move as it bets on satellite tech for rural coverage, with some skepticism due to past investment mistakes - Speculation exists about potential stock price impact following a press release, with expectations of significant movement - Some investors are committed to ASTS, showing full confidence despite concerns about short-term movements driven by algorithms and retail behavior - One user noted the correlation of this filing with previous convertible conversions and expressed expectations of similar filings by other companies like Google and Vodafone - Mixed sentiments on the filing's significance, as some see it as inconsequential while others believe it could drive stock prices due to retail enthusiasm Stock tickers discussed: $AT&T, $ASTS
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