AST SpaceMobile is trading 5.4% up at $61.60 after a U.S.-Japan science and technology statement highlighted cooperation with Rakuten Group to develop and deploy low-Earth-orbit satellite infrastructure.
- A report linked the October 6 statement to the rise, but noted only a 0.3% overnight gain before the current move.
- A day earlier, AST SpaceMobile and TELUS announced their first integration test of TELUS’s wireless and AST SpaceMobile’s satellite networks, supporting smartphone data, voice and text.