Chase Garrett L. sold $300K of VSAT

Viasat (VSAT) secured a $42M Marine Corps contract with up to $307M in potential awards. The stock has declined 7.87% in 7 days and 16.78% in 90 days, despite a strong year-to-date return of 83.60%. Analysts debate its valuation, with some suggesting it's 34% undervalued at $103.94 per share, while others argue it's overvalued at $55.31 per share.

Viasat Inc. secured a $307 million contract from the US Space Force to provide global satellite services to the US Marine Corps across multiple bands. The initial award is $42 million, with services including secure data custody, network monitoring, and cybersecurity. Viasat's spokesperson noted the contract supports current and evolving mission requirements, with flexibility for future needs.

Viasat has received a $42 million task order to provide managed satcom services to the U.S. Marine Corps, under a larger $307 million contract. The company will deliver multi-band satcom services, including access to its ViaSat-3 satellites, and support various network and cybersecurity services.

Space42 and Viasat are developing Equatys, a satellite-based mobile connectivity system. It aims to extend coverage to remote areas using unmodified phones, with up to $1 billion backing. Tests showed two-way texts and SOS alerts via Thuraya-4 satellite. Consumer research indicates strong interest in such services, with 67% of users interested and 55% willing to pay extra. Space42 targets full satellite coverage by 2029.

SpaceTech Weekly Recap highlights key developments: Space42 and Viasat co-founded Equatys; Open Cosmos raised €300M; EnduroSat secured $205M; Isar Aerospace to start commercial launches; NASA awarded SpaceX three crew flights. Investors focus on scalable space infrastructure.

Space42 and Viasat agreed to form Equatys, a joint space and ground infrastructure platform for direct-to-device (D2D) connectivity. They will invest up to $1 billion initially. Equatys aims to extend mobile coverage to areas with limited terrestrial networks, leveraging their combined spectrum and operator relationships. Viasat will serve as the prime technology contractor. The project is designed to scale, with potential for infrastructure-grade returns and strategic partnerships.