ASTS +14.07% 4755.T -0.63% ^GSPC +2.35% NVDA -2.94% ^IXIC +2.74% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
AST SpaceMobile (NASDAQ:ASTS) stock jumped 14% on Monday, Nov. 9, after the company and Japanese carrier Rakuten announced a joint venture to bring satellite cell service to Japan.
The S&P 500 (SNPINDEX:^GSPC) and the Nasdaq Composite (NASDAQINDEX:^IXIC) finished up 2.3% and 2.7%, respectively.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The two companies, which have been partners since 2020, announced on Monday that they have agreed to form Rakuten AST -- controlled by Rakuten -- which will use AST's satellites to extend cell service to areas with poor coverage or keep people connected in the case of disaster.
Rakuten AST will receive up to about $1 billion in Japanese government funding, though this was already known after the company won a bid for the funding in June.
After hours, AST stock gave back some of the gain after it reported earnings. Revenue nearly tripled from a year earlier, reaching $42.3 million, but that fell short of Wall Street's expectations. AST lost $0.44 per share and stuck with its full-year revenue forecast of $150 million to $200 million.
AST says it still expects to start offering intermittent coverage in the U.S. and other markets by the end of the year. It also said it expects 45 of its BlueBird satellites in orbit by mid-2027.
Before you buy stock in AST SpaceMobile, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $341,966!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,146,819!*
Now, it's worth noting Stock Advisor's total average return is 852% — a market-crushing outperformance compared to 203% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of November 9, 2026.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool has a disclosure policy.
Why AST SpaceMobile Stock Jumped 14.1% Today was originally published by The Motley Fool
