Viasat, Inc. in 4 stories
The narratives VSAT currently appears in, with its side and exposure in each.
Bull side
1 story- Cheap Drones Beat Exquisite Weapons
VSAT in “Cheap Drones Beat Exquisite Weapons”
FadingExposure: not rated yetMass-produced autonomy is redirecting defense budgets away from a few costly platforms.
Contested drone operations increase demand for secure, mobile and difficult-to-jam communications.
Bear side
3 stories- SpaceX Drains the Stock Market for Capital
VSAT in “SpaceX Drains the Stock Market for Capital”
AcceleratingExposure: not rated yetA mega SpaceX offering could reroute risk capital toward Musk’s space empire and away from competing growth stocks.
Additional capital for Starlink capacity, terminals and international expansion would deepen pressure on Viasat’s broadband economics.
- The Commercialization of Space
VSAT in “The Commercialization of Space”
AcceleratingExposure: not rated yetCheaper launches are turning orbit into a scalable commercial market.
LEO broadband competition threatens the economics of its capital-intensive geostationary connectivity assets.
- Satellites Turn Every Phone Into a Terminal
VSAT in “Satellites Turn Every Phone Into a Terminal”
FadingExposure: not rated yetDirect-to-device networks are moving satellite connectivity from specialist hardware into ordinary smartphones.
Mass-market direct-to-phone connectivity threatens parts of the market for costly specialist satellite terminals and plans.