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AST SpaceMobile rises 3% as US and Japan support Rakuten satellite deal, boosting space stocks.

Market News
06 Oct 2026
24/7 Wall Street
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Bullish
AST SpaceMobile rises 3% as US and Japan support Rakuten satellite deal, boosting space stocks.

AST SpaceMobile's stock gained 3% following government support from the US and Japan for its partnership with Rakuten to develop Low Earth Orbit satellite infrastructure. This cooperation, along with a successful integration test with Canadian carrier TELUS, strengthens AST SpaceMobile's carrier distribution prospects. While the company's satellite launch schedule remains undated, these developments signal potential commercial service within a year. Related space stocks like Planet Labs and Rocket Lab also saw gains, reflecting broader market optimism in the space sector.

AST SpaceMobile's shares rose notably by 6.42% on Pluang, reaching USD 62.19 as of Oct 06, 2026 20:32 WIB, with a market cap of $17.52 billion. This strong buying interest aligns with the news of US and Japan backing its satellite partnership with Rakuten. Similarly, Planet Labs and Rocket Lab also gained on Pluang, up 5.88% and 4.42% respectively, reflecting a broader positive sentiment in space-related stocks.

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