---
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)
---

# 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.

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