AST SpaceMobile Stock Jumps 8% as US Endorses Satellite Partnership with Rakuten

Key Facts

1AST SpaceMobile shares rose 8.38% to $63.34 during Tuesday's trading session.

2The US State Department publicly endorsed LEO satellite cooperation with Japan.

AST SpaceMobile shares rose 8.38% to $63.34 during Tuesday's trading session, according to 24/7 Wall St. The price action followed a public endorsement from the US State Department regarding Low Earth Orbit (LEO) satellite cooperation with Japan. The diplomatic backing specifically highlighted the partnership between AST SpaceMobile and the Japanese firm Rakuten Group.

ASTS closed at $58.44 on October 5, 2026, prior to the latest rally which saw the company outperform its industry peers. According to 24/7 Wall St, the company is targeting approximately 45 satellites in orbit by early 2027 and has confirmed its 2026 revenue guidance of between $150 million and $200 million.