---
title: "ASTS stock jumps premarket: Midland approves factory nearly 5x larger than AST SpaceMobile’s original plant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293308953.md"
description: "AST SpaceMobile (ASTS) stock rose 3% premarket after Midland officials approved a $66 million incentive deal for a new satellite manufacturing facility nearly five times larger than its original plant. The expansion targets 1,800 jobs and significant tax revenue. Concurrently, the company completed a $1 billion convertible notes offering, raising approximately $983.6 million in net proceeds to fund growth and launch capacity."
datetime: "2026-07-21T08:21:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293308953.md)
  - [en](https://longbridge.com/en/news/293308953.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293308953.md)
generator: "portal-rs"
---

# ASTS stock jumps premarket: Midland approves factory nearly 5x larger than AST SpaceMobile’s original plant

The Midland Development Corporation approved a performance-based incentive package worth up to $66 million over 30 years.

### Related Stocks

- [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md)
- [ASTX.US](https://longbridge.com/en/quote/ASTX.US.md)
- [ASUP.US](https://longbridge.com/en/quote/ASUP.US.md)
- [ASTN.US](https://longbridge.com/en/quote/ASTN.US.md)

## Related News & Research

- [Does AST SpaceMobile (ASTS) Accelerated BlueBird Rollout Redefine Its Direct-to-Device Investment Narrative?](https://longbridge.com/en/news/297383579.md)
- [AST SpaceMobile (ASTS) Stock Soars 8% on Insider Buying](https://longbridge.com/en/news/297800486.md)
- [AST SpaceMobile director Adriana Cisneros reports acquisition worth $581,094.66](https://longbridge.com/en/news/297694897.md)
- [If You Invested $1000 In AST SpaceMobile Stock 5 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/296249084.md)
- [Empowered Funds LLC Invests $621,000 in AST SpaceMobile, Inc. $ASTS](https://longbridge.com/en/news/296318090.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**