Why Viasat Stock Was Surging This Week

According to data compiled by S&P Global Market Intelligence, Viasat (VSAT -0.65%) stock was up by more than 17% week to date as of early Friday morning. Investors were cheered by news of the next-generation telecom services provider's participation in a large project involving a communications system to enhance coverage far from Earth. Europeans in spaceViasat broke the big news on Tuesday, when it divulged that it had officially joined the European Space Agency's (ESA) Moonlight initiative. This is an amb ...