Viasat gets contract to design lunar orbiting satellite system; shares up
ReutersMar 25, 2025 3:23 PM
Shares of satellite communications firm Viasat VSAT.O rise 3.9% to $11.60
Viasat selected to lead lunar orbiting satellite communications portion of European Space Agency's Moonlight Program
Co to work alongside satellite services and operations firm Telespazio and a host of other European and UK companies
VSAT will be responsible for design and development of the communication network
Project expected to create Europe's first lunar orbiting satellite network
Stock had fallen 69.6% in 2024
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