Viasat stock surged 29% following NASA contract, leadership change, and growth plans

From Nasdaq: 2025-01-24 18:53:10

Viasat (NASDAQ: VSAT) stock rose by 29% this week after securing a new NASA contract worth $4.8 billion for its Near Space Network project, aiming to provide ground and space relay services. The company also announced a C-suite shuffle to drive long-term growth, with President Guru Gowrappan stepping down and no plans for a replacement. Viasat still needs to prove its viability, as it has been reporting consistent losses. Investors are urged not to miss out on potential opportunities, with analysts issuing “Double Down” alerts for promising companies like Nvidia, Apple, and Netflix.



Read more at Nasdaq: Why Viasat Stock Blasted 29% Higher This Week