ASTS
Another big seller hits the exit
Rakuten Group, Rakuten Mobile, and founder Hiroshi Mikitani sold 3.04 million shares of AST SpaceMobile in two transactions on April 14 and 15, hauling in roughly $270 million. After the sale, Rakuten Mobile still held nearly 28 million shares, so this is more “cutting the position” than slamming the door.
Why investors care
When a major holder starts lightening up, the market tends to squint a little harder. Sure, ASTS has ripped about 289% over the past year, but this kind of insider-adjacent selling can make traders wonder whether the easy money has already been made.
The weird little ASTS backdrop
This isn’t happening in a vacuum. AST SpaceMobile also just posted fourth-quarter 2025 results that beat revenue expectations, while EBITDA came in softer than hoped. The company is still telling the story of a very expensive future: 2026 revenue guidance of $150 million to $200 million and a plan to deploy 45 to 60 satellites by next year.
Big picture
ASTS is still very much a “show me” stock — big vision, big volatility, and now a big shareholder trimming its exposure. That doesn’t break the thesis, but it does add another reason for investors to keep one eyebrow raised.