Viasat sinks on unexpected event related to ViaSat-3 Americas satellite

Viasat (NASDAQ: VSAT) shares plunged more than 21% after-hours following the company’s disclosure regarding an unexpected event during reflector deployment that may significantly affect the performance of the ViaSat-3 Americas satellite.

Viasat is conducting a thorough review with the reflector provider to assess the impact and explore potential remedies.

The company mentioned that there is no disruption to customers, and the coverage and capacity of the Viasat and Inmarsat constellations remain unaffected.

By Davit Kirakosyan

You May Also Be Interested In

• Viasat wins $42M task order under $307M Marine Corps SATCOM deal
• HSBC remains max bullish on stocks, tells investors to lean into tech
• AppLovin (APP) on watch amid 3% drop premarket as boutique comments circulate