AST SpaceMobile (NASDAQ: $ASTS) Shares Fall 3% Following Q3 Earnings Report and $1.4B Rakuten Venture Update.
AST SpaceMobile shares fell more than 3% to $35.60 in Tuesday’s premarket trading after the company outlined plans to invest an estimated $1.4 billion over three years in its Japanese satellite venture with Rakuten. The funding will cover deployment costs not supported by government grants, while Japan is expected to contribute up to $938 million to the project.
The company reported third-quarter revenue of $42.3 million, below analysts’ estimates of $45.73 million, and a loss of $0.44 per share. However, it maintained its 2026 revenue guidance of $150 million to $200 million.
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AST SpaceMobile shares fell more than 3% to $35.60 in Tuesday’s premarket trading after the company outlined plans to invest an estimated $1.4 billion over three years in its Japanese satellite venture with Rakuten. The funding will cover deployment costs not supported by government grants, while Japan is expected to contribute up to $938 million to the project.
The company reported third-quarter revenue of $42.3 million, below analysts’ estimates of $45.73 million, and a loss of $0.44 per share. However, it maintained its 2026 revenue guidance of $150 million to $200 million.
#CryptoNewsCommunity