SEC
Rakuten AST joint venture to build Japan satellite network
AST SpaceMobile and Rakuten agreed to form Rakuten AST, Inc., a joint venture to build a direct-to-device satellite network in Japan for commercially available smartphones. The venture is expected to receive up to 148 billion yen (about $1 billion) in government support over several years, subject to the project proceeding as planned. For shareholders, the filing describes a new joint venture in which AST SpaceMobile holds a 49% interest and will supply satellites.
- Government support expected
- Up to 148 billion yen (approx. 1 billion USD)
- Rakuten Group ownership
- 51%
- AST SpaceMobile ownership
- 49%
- Joint venture established
- November 6, 2026 (Japan Standard Time)
