AST SpaceMobile Estimates $1.4 Billion Investment in Rakuten Venture as Shares Fall

AST SpaceMobile (NASDAQ: ASTS) shares fell more than 3% to $35.60 in Tuesday's premarket trading. After Monday's close, the company released third-quarter earnings and filed a Form 10-Q detailing an estimated $1.4 billion investment over three years in its Japanese satellite joint venture with Rakuten.

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