StocksMedium•9 November 2026•
1 min read
AST SpaceMobile Shares Jump 14.1% on Triple-Digit Revenue Growth and Rakuten JV
Key Facts
1AST SpaceMobile's third-quarter revenue nearly tripled year-over-year to $42.3 million, though it missed analyst expectations.
2The company announced a joint venture with Rakuten to extend cell service in Japan using satellites for coverage and disaster recovery.
AST SpaceMobile shares surged 14.1% following the release of its third-quarter 2026 financial results and the announcement of a new strategic partnership. The Motley Fool reported that the company's revenue nearly tripled year-over-year to reach $42.3 million, although the figure missed consensus analyst expectations.
The company established a joint venture with Rakuten Group to extend satellite-based mobile coverage and disaster recovery services across Japan. ASTS closed at $32.33 on November 6, 2026, while Rakuten Group, trading under the ticker 4755.T in Tokyo, closed at 620 yen on the same date.