How do you see things play out? Is there hope that things will be better?
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ViaSat is always getting new awards and increasing revenue. People on this site are just bitter and sad that they got let go, and it’s their own fault for being lazy and taking advantage of the company’s culture. I 100% have faith in the company going forward, and yes we just had a fall, but we are getting up, and will win this race :)!!!
Obsolete
It’s great for airlines and ships, but is that enough revenue? I wouldn’t use this at home unless it was all I could get. Metered service is not desirable, and I don’t like the line of sight issues. For ground mobile 4G and 5G are awesome.
If GEO is so bad why is Viasat still announcing new IFC deals with airlines?
GEO is a point of single failure as Viasat has seen now.
LEOs will take over due to quantity and lower price. I have seen many customers already 'try' LEO because the service from Viasat is so bad.
"LEOs are the path of least resistance" - SpaceX can only run their LEO satellite because their core competency was creating launch vehicles while their research was funded by NASA. The satellite and modem knowledge was brought in and comparatively "easy."
Gone.
There are about 800 more people in the world who don’t give a rats a-s.
Deorbited.
In answering your second question first, no. The problems are deeply rooted in strategic choices that served them well for a few decades but then they failed to remain agile as new technologies disrupted. The C suite is too deeply invested (financially and emotionally) in GEO to alter course. There were missed opportunities to adjust over the years but they kept going back to what they knew. Much has been studied about Kodak's or Blackberry's demise, there are some parallels here with a disruptive technology that is misguidedly dismissed. I've been in meetings where StarLink was dismissed as a fool's exercise. At this point the company's financial gunpowder is tied up in the Inmarsat acquisition and some more Viasat3 satellites that may already be obsolete. There just aren't enough funds or time left to make the long journey out of this corner. Future RIF's will free up some money, but that will be just enough to meet the street's quarterly expectations instead of a funding a revolutionary path.
To your first question, so many things can happen. Blackberry found a way to reinvent itself into something adjacent to its former success, but Kodak never did. I expect to see various businesses sold off or closed over time. It will be a smaller Viasat that ceded the industry it should have led to new disruptors.
Gov side is doing fine, but C level seems focused on commercial Satcom. Maybe they finally sell off the rest of Gov
Seems like LEOs are the path of least resistance.
Nothing will change. Just my two cents. 5 years with the company.
Bought out by another company
It would be ironic if it was L3Harris for mostly the military contracts
I mean aren’t L3Harris shares like $180 a piece? Plus the MIDS program saved viasat during Covid