Membership recognizes AST SpaceMobile as one of the largest 1,000 U.S. companies by market capitalization<\/i><\/p>\n
MIDLAND, Texas–(BUSINESS WIRE<\/a>)–AST SpaceMobile, Inc.<\/a> (\u201cAST SpaceMobile\u201d) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced it is set to join the U.S. large-cap Russell 1000\u00ae<\/sup> Index, effective after the U.S. market closes on June 27, as part of the 2025 Russell indexes reconstitution.<\/p>\n This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250610443528\/en\/<\/a><\/p>\n AST SpaceMobile is Set to Join the U.S. Large-Cap Russell 1000\u00ae Index<\/p>\n<\/div>\n \nInclusion in the Russell 1000\u00ae<\/sup> Index, which tracks the largest 1,000 U.S. companies by market capitalization, reflects AST SpaceMobile\u2019s advancing position as a leader in delivering space-based cellular broadband worldwide.<\/p>\n \n\u201cJoining the Russell 1000\u00ae<\/sup> Index marks another important milestone as we work to deliver on our mission of eliminating coverage gaps and bringing cellular broadband connectivity directly to the mobile devices of the billions of people who remain unconnected,\u201d said Andrew Johnson, Chief Financial Officer of AST SpaceMobile. \u201cThis inclusion will expand our visibility among investors as we continue to advance our technology, scale operations, and execute against our global growth plans.\u201d<\/p>\n \nMembership in the Russell 1000\u00ae<\/sup> Index, which remains in place for one year, is based on membership in the broad-market Russell 3000\u00ae<\/sup> Index. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.<\/p>\n \nFor more information on the Russell 1000\u00ae<\/sup> Index and the Russell indexes reconstitution, go to the \u201cRussell Reconstitution\u201d section on the FTSE Russell website.<\/p>\n About AST SpaceMobile About FTSE Russell, an LSEG Business \nFTSE Russell is wholly owned by London Stock Exchange Group. Forward-Looking Statements<\/b><\/p>\n \nThis communication contains \u201cforward-looking statements\u201d that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words \u201cbelieves,\u201d \u201cestimates,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cpotential,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201ccontinue,\u201d or \u201cshould,\u201d or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile\u2019s control and are difficult to predict.<\/p>\n \nFactors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile\u2019s strategies and future financial performance, including AST\u2019s future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile\u2019s ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile\u2019s responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and\/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; and (vii) other risks and uncertainties indicated in the Company\u2019s filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile\u2019s Form 10-K filed with the SEC on March 3, 2025 and Form 10-Q filed with the SEC on May 12, 2025.<\/p>\n \nAST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile\u2019s Form 10-K filed with the SEC on March 3, 2025 and Form 10-Q filed with the SEC on May 12, 2025. AST SpaceMobile\u2019s securities filings can be accessed on the EDGAR section of the SEC\u2019s website at www.sec.gov<\/a>. Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250610443528\/en\/<\/a><\/span><\/p>\n Investor Contact: Media Contact: KEYWORDS:<\/b> United States North America Texas<\/p>\n INDUSTRY KEYWORDS:<\/b> Telecommunications Satellite Public Relations\/Investor Relations Communications Technology Aerospace Manufacturing Mobile\/Wireless<\/p>\n![\"AST](\"https:\/\/mms.businesswire.com\/media\/20250610443528\/en\/2493479\/4\/Russell_1000_PR_graphic.jpg\")
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AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today\u2019s five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. For more information, follow AST SpaceMobile on YouTube<\/a>, X (formerly Twitter)<\/a>, LinkedIn <\/a>and Facebook<\/a>. Watch this video<\/a> for an overview of the SpaceMobile mission.<\/p>\n
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FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.<\/p>\n
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For more information, visit FTSE Russell<\/a>.<\/p>\n<\/p>\n
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Scott Wisniewski
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investors@ast-science.com<\/a><\/p>\n
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Allison
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Eva Murphy Ryan
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917-547-7289
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AstSpaceMobile@allisonpr.com<\/a><\/p>\n
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