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Why Viasat Stock Soared 9% Higher This Week
Yahoo Financeยท 2025-10-17 22:37
Core Insights - Viasat experienced a significant stock price increase of over 9% in a week, driven by investor optimism in space-related companies and positive company-specific news [1] Company Developments - A live demonstration of Viasat's direct-to-device satellite service took place in Mexico City, showcasing its capabilities [2] - During the demonstration, Viasat successfully sent text messages between two Android smartphones, one connected to its satellite network and the other to a traditional cellular network [3] - Viasat's general manager of Viasat Mexico, Hector Rivero, emphasized the technology's potential to bridge connectivity gaps in areas lacking reliable traditional services, which could benefit millions of users [4] Major Contracts - Viasat secured a significant contract with the U.S. Space Force, contributing to a dedicated satellite network for the military [5]