B. Riley, a provider of diversified financial services, agreed to invest $75m in AST SpaceMobile, the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones. "This new source of funding is in line with our strategy to maintain regular and diverse access to various capital markets, while preserving our existing balance sheet cash for building our BlueBird production satellites. The facility allows us the flexibility to raise equity capital, when and if we choose to do so, at a measured pace, depending on market conditions," Scott Wisniewski, AST SpaceMobile Chief Strategy Officer.