Why Is ViaSat Stock Rocketing Today?

ViaSat, Inc. VSAT shares are rising after NASA selected the company to support its direct-to-Earth capabilities through the Near Space Network Services contract.

This is part of a five-year multi-award indefinite delivery, indefinite quantity (IDIQ) contract, valued at $4.82 billion, with a potential five-year extension. Viasat is one of four commercial companies chosen for this initiative.

Under the contract, Viasat will provide global ground segment support services for NASA missions, initially focusing on low Earth orbit operations. Viasat will use its Real-Time Earth Ground-Segment-as-a-Service network to offer resilient, high-throughput satellite-to-ground communications.

Viasat’s partnership with ATLAS Space Operations and the Alaska Satellite Facility will help deliver a highly capable, geographically diverse satellite ground network.

Also Read: Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On ‘Typical US Breakfast’

The contract aligns with NASA’s strategy to expand its use of commercial DTE services, which currently account for about 36% of its needs. The aim is to fully transition to commercial solutions for near-space missions.

Viasat’s RTE network will provide NASA with enhanced performance and efficiency, enabling faster, more cost-effective mission data delivery.

Price Action: VSAT shares are trading higher by 34% to $11.91 at last check Tuesday.

Now Read:

• Trump’s ‘Drill, Baby, Drill’ Era Begins: Oil Prices Tumble, US Energy Stocks Edge Up