On October 9, Viasat rose 5.22% in pre-market trading, trading at $72.18 per share, with turnover of $7.7872 million.

The move extends strength in satellite communications names, with Viasat continuing to benefit from market focus on its spectrum asset value and recent operational milestones.

Viasat recently received a $42 million task order from the US Marine Corps under a seven-year contract with a ceiling of $307 million for multi-orbit connectivity. The company also completed its ViaSat-3 constellation as F2 and F3 satellites entered service across the Americas and Asia-Pacific, tripling bandwidth across its global fleet.

Additionally, Viasat entered a binding agreement with Space42 to form Equatys, a shared satellite and ground infrastructure platform with up to $1 billion in initial equity. Analysts have highlighted Viasat's spectrum holdings as an increasingly significant valuation driver.

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