Viasat’s Orbiting Profits: Space Force Jackpot?

Viasat secured a lucrative $437.7 million Space Force contract under the Protected Tactical SATCOM-Global program to develop maneuverable, anti-jam mini-GEO satellites. Following its 2023 Inmarsat acquisition, the company has shifted to 75% government/enterprise revenue. With completion of its ViaSat-3 constellation in April 2026, Viasat is transitioning from heavy capital expenditure to cash generation, positioning it for margin expansion. Activist investor Carronade Capital suggests a defense unit spinoff could unlock $11 billion in shareholder value.