AST SpaceMobile Stock Rises 14% on Rakuten Joint Venture

• AST SpaceMobile (NASDAQ:ASTS) stock jumped 14% on Monday, Nov. 9.
• The company announced a joint venture with Japanese carrier Rakuten to bring satellite cell service to Japan.
• AST SpaceMobile and Rakuten have been partners since 2020.
• The S&P 500 and the Nasdaq Composite finished up 2.3% and 2.7%, respectively, on the same day.
• The joint venture aims to provide satellite cell service in Japan.