Why Viasat Stock Blasted 29% Higher This Week

Core Insights - Viasat's stock surged by 29% over the past week, attributed to recent contract news with NASA [1][2] Group 1: NASA Contract - Viasat has been awarded a role in NASA's $4.8 billion Near Space Network (NSN) contract, which spans five years and aims to establish relay services from low Earth orbit to 2 million kilometers [3] - The company will be one of four participants in the NSN initiative, providing direct-to-earth connection services for NASA missions [4] Group 2: Management Restructuring - Viasat announced a restructuring of its C-suite, with President Guru Gowrappan stepping down and no plans for a replacement [4] - Craig Miller, the current president of global space networks, will take on the role of senior vice president of strategic initiatives, while CTO Girish Chandran will assume Miller's previous position [4] Group 3: Financial Performance - Despite recent positive developments, Viasat has faced consistent bottom-line losses, indicating the need for the company to demonstrate long-term viability [5]