Why Viasat Stock Was Zooming Higher Today
Key Points
The satellite specialist has won a project from an arm of the government.
It is one of five businesses participating in the work.
- 10 stocks we like better than Viasat ›
Like one of its foundational assets, satellite company Viasat's (NASDAQ: VSAT) stock was ascending skyward on Wednesday. This was entirely justifiable, as the company announced it had signed a supply contract with one of the best-funded and most reliable clients on the scene. The stock's 10%-plus rise was far more robust than the S&P 500 index's 0.5% increase at that point in the trading session.
The Force is with it
Before market open that day, Viasat announced it was one of five companies that had secured a prime contract award from that major client, the U.S. military's Space Force. The company will design and develop a satellite system for a project that ultimately aims to put a dedicated satellite network in space.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
This phase of the work will last seven months, Viasat added. It did not identify any of the other companies involved in the project.
In the press release, Viasat Vice President of Space and Mission Systems John Reeves said the contract win "underscores our proven track record in designing and delivering secure, resilient, and high-performance satellite communication solutions."
Dollar figures lacking
Reeves touted Viasat's ability to design a system that can "provide critical capabilities to enable global connectivity and enhance warfighters' situational awareness and operational effectiveness to meet emerging threats."
However, Viasat did not provide any financial details of the Space Force contract. So while the positive investor reaction was understandable, that lack of detail makes it very difficult to determine to what extent the work will affect the company's fundamentals.
Should you invest $1,000 in Viasat right now?
Before you buy stock in Viasat, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Viasat wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $642,328!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,134,270!*
Now, it’s worth noting Stock Advisor’s total average return is 1,064% — a market-crushing outperformance compared to 191% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of October 7, 2025
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
