Acquiring Company
Rakuten Group
Acquired Company
AST SpaceMobile
MidlandFinancial Servicesinformation technology & servicesInformation TechnologyHardwareMobileSatellite CommunicationDescription
Rakuten Group Inc. has announced the acquisition of 31,020,155 shares of AST SpaceMobile, Inc. This move is part of Rakuten's strategy to expand its telecommunications capabilities. The acquisition strengthens Rakuten's position in the satellite communication sector. AST SpaceMobile aims to revolutionize connectivity on a global scale.
Quick answer
Rakuten Group is acquiring AST SpaceMobile, announced August 23, 2025.
- How much did Rakuten Group pay for AST SpaceMobile?
- The deal value was not disclosed.
- What does Rakuten Group do?
- Rakuten Group is a Japanese financial conglomerate with a diversified portfolio of businesses, including e-commerce, fintech, digital content, and communications.
- Where are Rakuten Group and AST SpaceMobile based?
- AST SpaceMobile is based in Midland, Texas, United States.
- Who are the decision-makers at Rakuten Group?
- Fundz holds 1 contact at Rakuten Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired AST SpaceMobile?
AST SpaceMobile was acquired by Rakuten Group. The deal was reported on August 23, 2025. Rakuten Group is a Japanese financial conglomerate with a diversified portfolio of businesses, including e-commerce, fintech, digital content, and communications. Rakuten Group is privately held and operates in Financial Services.
When did Rakuten Group acquire AST SpaceMobile?
Rakuten Group's acquisition of AST SpaceMobile was reported on August 23, 2025. Rakuten Group Inc. has announced the acquisition of 31,020,155 shares of AST SpaceMobile, Inc. This move is part of Rakuten's strategy to expand its telecommunications capabilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does AST SpaceMobile do?
This entity holds certain S-Band ITU priority rights to MSS frequencies for use in low Earth orbit. The rights facilitate the provision of mobile satellite services across various spectrum bands. Further details about the entity are not specified in the text. It is publicly traded (ASTS), operating in Information Technology, and is based in Midland.
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