Rocket Lab Jumps 9% Ahead of Earnings, AST SpaceMobile Surges 11% on Japan Satellite Venture With Rakuten; SpaceX Rises 6%
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BizTocRocket Lab Jumps 9% Ahead of Earnings, AST SpaceMobile Surges 11% on Japan Satellite Venture With Rakuten; SpaceX Rises 6%
A sector-wide space rally is shrugging off last week's selloff, but Rocket Lab faces a delayed rocket and an earnings report that could test the momentum. Why are smaller rivals outrunning the headline names?
Rakuten AST Plans a Japanese Satellite-to-Phone Network
Rakuten and AST SpaceMobile plan to establish Rakuten AST, a Japanese joint venture that will procure and operate satellites connecting directly to ordinary smartphones. Announced on November 9, 2026, the agreement assigns 51% of voting rights to Rakuten and 49% to AST SpaceMobile’s Japanese subsidiary.
Rakuten Group announced on the 9th that it will establish a joint venture this month with AST Space Mobile, a US startup in which it has invested, to conduct satellite-based communications business. The goal is to build and begin operating a satellite communications network in Japan by the end of March 2029. The joint venture will utilize SpaceX's Starlight satellite service…
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