Viasat's stock price surged 5.10% during intraday trading on Wednesday, marking a significant upward movement for the satellite communications company.

The sharp increase follows the company's announcement that Astralintu has purchased two advanced S/X/Ka-band antennas from Viasat as part of Astralintu's vision to build an Equatorial Ground Station Network. This deal expands Viasat's Real-Time Earth (RTE) services and Ground Segment-as-a-Service (GSaaS) network coverage, particularly addressing gaps in the Southern Caribbean, South America, and Eastern Pacific regions.

The agreement positions Viasat to capitalize on the growing demand for global ground station services, with the market projected to reach $500 million in the next five years. As the only antenna manufacturer with a global GSaaS service, Viasat expects this partnership to generate recurring revenue and strengthen its position in the ground segment market.