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Viasat (VSAT) Soars to New High, But Fails to Sustain Momentum
Yahoo Financeยท 2025-09-19 14:26
Group 1 - Viasat Inc. (NASDAQ:VSAT) experienced a significant price movement, reaching a 52-week high of $34.05 before closing down 6.86% at $30.14 due to profit-taking by investors [1][2] - The company has partnered with UAE-based Space42 to enhance 5G network services, particularly in remote areas, by enabling Direct-to-Device (D2D) services from its satellites [2] - The D2D service is projected to be fully operational within three years and will support over 100 MHz of harmonized MSS spectrum across more than 160 markets [3] Group 2 - Viasat's Chairman and CEO Mark Dankberg highlighted the potential of a shared multi-orbit network that will utilize high-performance satellite architectures and shared infrastructure to address the D2D and next-generation MSS market opportunities [4]