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ASTS Stock Jumps 6% Overnight as Japan's $1 Billion Starlink Project Decision Nears End of June

2026-06-15 05:07:48

According to Stocktwits, AST SpaceMobile, Inc. (ASTS) stock jumped 6% overnight on June 15 as investors focused on an expected major catalyst from Japan, where the government is set to select a winner for its J-LEO direct-to-cell satellite project by month-end. The leading contenders are reported to be a KDDI-SpaceX consortium and a Rakuten Mobile-AST SpaceMobile alliance, competing for a 150 billion yen ($1 billion) contract. The project aims to establish nationwide smartphone-to-satellite connectivity with disaster communication capabilities by March 2029. Rakuten and AST SpaceMobile revised their satellite deployment plans earlier this year, signaling the project's significance. Separately, AST announced BlueBird satellites 8, 9 and 10 are scheduled to launch aboard a SpaceX Falcon 9 rocket on June 17 from Cape Canaveral.

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