24/7 Market News Snapshot 21 January, 2025 – Viasat Inc (NASDAQ:VSAT)

January 21, 2025

DENVER, Colo., 21 January, 2025 (247marketnews.com) – (NASDAQ:VSAT) are discussed in this article.
Viasat Inc. has experienced a remarkable surge in its stock during today’s trading session, opening at $8.965 and climbing to $10.381, marking a substantial gain of 16.77%. This upward trend reflects positive investor sentiment, potentially fueled by favorable news or earnings reports. The stock’s previous close at $8.890 established a solid support level, which was exceeded, as trading volume rose to 1.42 million shares. The increased volume indicates heightened interest among investors, validating the momentum. If Viasat can maintain its position above the $10.00 mark, technical indicators suggest a continuation of the bullish trend, with potential targets for further upside.

In parallel with this strong market performance, Viasat’s strategic partnership with NASA under the Near Space Network Services contract promises to bolster its reputation in the aerospace sector. Awarded a five-year indefinite delivery, indefinite quantity contract valued at approximately $4.82 billion, with the potential for an extension, Viasat is set to enhance NASA’s direct-to-Earth capabilities. This noteworthy contract positions Viasat as one of four commercial entities to obtain task orders, demonstrating its standing as a trusted provider in mission-critical communications.

Utilizing its innovative Real-Time Earth Ground-Segment-as-a-Service network, Viasat aims to significantly improve communication for NASA missions operating from low Earth orbit to those reaching distances of up to two million kilometers. This cutting-edge technology is designed to allow for high-throughput satellite-to-ground communications, supporting the downlink of mission-critical data more efficiently.

The collaboration aligns with NASA’s strategy to employ commercial capabilities, facilitating a shift away from older systems and integrating advanced technology from partners including ATLAS Space Operations and the Alaska Satellite Facility. Kent Leka, Vice President and General Manager of Antenna Systems at Viasat, expressed excitement about this partnership, emphasizing the potential to enhance efficiency and reduce costs in space communications, ultimately allowing for faster data delivery.

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