Why Viasat Stock Went to the Moon Today

Viasat stock surged 18.2% after winning a U.S. Space Force contract to build a mini-GEO dual X/Ka-band communications satellite as part of the Protected Tactical SATCOM-Global (PTS-G) program. The contract, worth approximately $219 million (half of the $437.7 million total awarded to both Viasat and Intelsat), represents about 4.7% of Viasat's trailing-12-month sales and could expand significantly if follow-on orders materialize under the program's $4 billion ceiling.