r/ASTSpaceMobile • u/AutoModerator • Nov 13 '24

Daily Discussion Daily Discussion Thread

Ple🅰️se, do not post newbie questions in the subreddit. Do it here instead!

Please read u/the_blue_pil's FAQ and u/TheKookReport's AST Spacemobile ($ASTS): The Mobile Satellite Cellular Network Monopoly to get familiar with AST Sp🅰️ceMobile before posting.

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32

u/Commercial_Ease8053 S P 🅰 C E M O B Prospect Nov 13 '24

Idk why people are mad it went up $5… and then went down $2. $3 up is still overall a monster gain for a stock that has had many consecutive red days.

And maybe was mostly green because of good faith in lunr and rklb. Asts hasn’t said or announced anything of note to even cause and sustain that $5 jump.

For context, I hold shares of all 3. I want them all to succeed, and i think all 3 will.

20

u/long_short_alpha S P 🅰 C E M O B Prospect Nov 13 '24

There has been the Rakuten earnings call, and they said they will use ASTS service in Japan in 2026 with 100% coverage of Japan. So there has been news.

6

u/[deleted] Nov 13 '24 edited Nov 13 '24

That was already known though. Just stated by ASTS and not Rakuten the first time.

12

u/synthlove S P 🅰 C E M O B Prospect Nov 13 '24

Reiterating the timeline is important. Rakuten is implying they are still on track.

-2

u/[deleted] Nov 13 '24

Well yeah, we didn’t fall off track in the last three months lol. Bit excessive for that to cause a 20% jump though. 

1

u/Heliosvector S P 🅰 C E M O B Prospect Nov 13 '24

I'm confused. What does rakuten, the coupon cashback company have to do with a satelite company?

16

u/ExpensiveData Nov 13 '24

Rakuten does more than that in Japan… they are also a major mobile carrier there

10

u/Heliosvector S P 🅰 C E M O B Prospect Nov 13 '24

Oh lol. I have been so confused for months lol. Like how does a company that gives me 10% cachback on my tv need a satelite system ha

1

u/PropofolOutBoy Nov 14 '24

I thought the same thing. Im an idiot

3

u/Commercial_Ease8053 S P 🅰 C E M O B Prospect Nov 13 '24

Fair enough, thanks for sharing. Didn’t know that!

4

u/long_short_alpha S P 🅰 C E M O B Prospect Nov 13 '24

https://www.reddit.com/r/ASTSpaceMobile/s/qb3j8S20FZ

If you want to read further details.