Category: Markets
Published: 2026-07-06T15:09:00.000Z
AST SpaceMobile surged 21% on June 29 following Japan's announcement of 148 billion yen (~$912 million) in funding for a satellite communications project led by Rakuten. The funding supports Japan's domestic D2D satellite network initiative (J-LEO) to reduce dependence on foreign networks like Starlink. Rakuten and AST SpaceMobile plan a joint venture with initial commercial services expected in late 2026 and full rollout in 2027. The company continues satellite launches to meet its goal of 45 LEO satellites by end of 2026.
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