Rakuten to receive up to 148 billion yen Japan government grant for satellite network

Corporate ActionGeopolitics Impact 4
โดย Reuters·Read original
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Japan will grant up to 148 billion yen, equivalent to 912 million dollars, to Rakuten Group to help build a satellite communications network, the Communications and Information Network Association of Japan said on Tuesday. Rakuten is in talks with U.S.-based AST SpaceMobile to form a joint venture for the project. Japan currently relies on foreign services such as SpaceX's Starlink for low-orbit satellite communications and aims to develop domestic operators to strengthen economic security. Low-orbit satellite services allow smartphones and other devices to function outside cellular base station range or when disasters disable those stations.

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Space Economy▲ · 2 stocks
Ast Spacemobile Inc
ASTS
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Rakuten is in talks with AST SpaceMobile for a joint venture, potentially bringing demand for its satellite technology.

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Rakuten Group, Inc.
4755
▲ PositiveCapitalrelevance

Rakuten receives up to 148 billion yen government grant for satellite network.

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