Viasat stock rose due to Trump-Musk feud impacting SpaceX and Starlink

From Nasdaq: 2025-06-05 21:19:00

Satellite stocks, including Viasat (NASDAQ: VSAT), saw a boost in trading due to a public feud between President Trump and Elon Musk. Trump threatened to cut off Musk’s governmental subsidies, impacting businesses like SpaceX and Starlink. Investors turned to Viasat, a rival satellite service provider.

The dispute between Trump and Musk has escalated, with threats of cutting off federal funding to Musk’s businesses. While no action has been taken yet, the situation could impact space stocks like Viasat. Investors are advised to monitor the situation closely before making any investment decisions related to satellite companies.

Investors are urged to consider the potential impact of the ongoing feud on Viasat’s stock. While the company may benefit from Musk’s loss, it’s important to conduct thorough research before investing. The Motley Fool Stock Advisor team has identified 10 top stocks for potential investment, with Viasat not currently being one of them.



Read more at Nasdaq: Why Viasat Stock Floated Higher Today