Why Viasat Stock Went to the Moon Today

Published June 11, 2026 · Category: Finance

Overview

Viasat (NASDAQ: VSAT) stock soared to close up 18.2% Thursday after announcing the U.S. Space Force has awarded it a contract for "a mini-GEO dual X/Ka-band satellite system" -- which is to say a small communications satellite prototype that will operate in geosynchronous orbit more than 22,000 miles from Earth.

Image source: Getty Images.

Viasat describes this as the first of a series of awards to build a "proliferated fleet of small, maneuverable geosynchronous Earth orbit (GEO) satellites under the Protected Tactical SATCOM-Global (PTS-G) program." This first award of the series is called the "PTS-G Swarm 1 Delivery Order."

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Originally published at www.fool.com.

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