The Midland Development Corporation and City Council have approved an incentive agreement to support AST SpaceMobile's expansion in the city. This agreement is performance-based, meaning that payments are tied to the company's success. The expansion involves building a large satellite manufacturing facility at the Midland Spaceport Business Park.

This project is expected to have a significant impact on the local economy. Further details about the agreement and the expansion plans are available from the Midland Development Corporation and City Council. The agreement is reportedly substantial in size and spans 30 years, with payments contingent on AST SpaceMobile meeting certain criteria.