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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