company stock is plummeting, leaderships are useless. Our residential is collapsing, commercial airlines customers are leaving left and right. I'm sure next year they will cut half of the headcounts. This is a race to the bottom. Prepare yourself for interviews cuz this company is going away
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Viasat secures $153 million U.S. Army contract to modernize ‘Blue Force Tracker’ network.
The BFT decided against Starlink. Big win for Viasat.
Au contraire. The US Government is switching to Starlink, aero, ground and maritime. Many customers are drinking the starlink Kool-Aid and so far it is not poisonous. Viasat has been caught and passed in the government satcom business.
The problem with Govt business is SDA.
Curious - sell the govt business and then do what with the rest (the mess)
Maybe the govt business can be sold like MIDS was. I bet they have some serious overhead costs though.
Re Starshield. The govt doesn’t put all their eggs in one basket. Starlink might get some contracts but Viasat will still get some of their own.
How's Ricky's stock buy doing, caught the kn--e yet, shored up the bottom? Asking for a few thousand friends
“How did Viasat stock do from 2019 to 2023 when they dominated IFC? Not well, which means IFC means nothing”
Well that’s encouraging…like not. You dominated the market and it did nothing to the share price. Like the awful residential proposition I guess.
“It’s the govt contracts that mean something, and they haven’t been switching to Starlink“
Suggest you Google “Starshield”
@OP+1vev3Av6 Dramatic much?
In the 1990s, things looked bleak and Apple almost went out of business. But like a runner that fell during a marathon, they got up, never gave up, caught up with and surpassed everyone. A decade from now, Viasat will be in the S&P 100 after having acquired SpaceX, and Guru will be Time Magazine's Person of the Year after firing Elon Musk.
Armies tend to fight the last war, the last battle, and the last skirmish. The all-hands was exclusively focused on all the cool ways we solve......yesterday's problem. We're already in a world where gobs of capacity are available and further expanding. StarLink will have about 200-300 Tbps in orbit by end of 2024. If we just look at CONUS, about 2-4% of that capacity is available for use which is 4-12 Tbps which overwhelms our 1 Tbps capacity for flight 2 in 2025.
We're entering a world where capacity is a plentiful commodity. We're solving yesterday's problem and fighting yesterday's battle bc we missed the LEO disruption and remain stuck with constrained GEO capacity. At StarLink's and Kuiper's capacity, all the optimization brilliance discussed today isn't as important. They are flooding the market with capacity. Our past battle strategy won't be effective in the new world.
I need leaders to talk to us about fighting the next battles to keep hope alive.
Yes, that or a fire sale similar to the Dish/DirecTV deal where the massive debt is exchanged for $1
Much ado about nothing. Points being:
Viasat said it does not expect any material changes to its financial outlook based on United’s Starlink announcement. This really is inconsequential. One percent means nothing. Assuming each United aircraft currently connected with Viasat generates $120,000 in revenue every year for the satellite operator, DiPalma said this amounts to around $64 million in annual sales for the company, or roughly 1% of total revenues.
Viasat provides in-flight connectivity (IFC) services to approx. 3750 active commercial aircraft, with 1,460 aircraft in its backlog. A majority of the company's IFC contracts are for a period of five to 10 years, with varying levels of penalties associated with a termination for convenience.
The Inmarsat integration remains on track and realization of synergies is expected to be ahead of plan as the company announced labor actions in 3Q24 resulting in approximately $100 million of expected savings beginning FY 2025.
Rick Baldridge purchased $825k worth of stock last week. It was a direct purchase of 55,000 shares between $14.75 and $15 and not free shares. He clearly sees some upside. Verizon is now launching direct to device with Skylo and Viasat. Should be a positive. I don't think Ricky would throw away $825k if he didn't see some upside. he just wouldn't buy anymore.
As long as other providers like hughesnet are around, Viasat will be here.
It’s not the end, it's a wake up call to create new products and to stop doing things the old way.
Relax, Viasat is going to be okay. IFC means nothing How did Viasat stock do from 2019 to 2023 when they dominated IFC? Not well, which means IFC means nothing. It’s the govt contracts that mean something, and they haven’t been switching to Starlink