On May 21, Viasat declined 5.19% in regular trading, trading at $71.4/share, with trading volume of approximately $95.33 million.

The decline comes amid intensifying competitive pressure in the satellite communications sector. On May 14, AT&T, Verizon, and T-Mobile announced a landmark agreement to form a joint venture focused on direct-to-device (D2D) satellite services. The three carriers, which collectively control over 95% of the US wireless market, chose to set aside their longstanding rivalries to jointly address the existential threat posed by SpaceX's accelerating penetration into mobile communications.

SpaceX's satellite communications revenue has reached approximately $10.6 billion, capturing roughly 35% of the global satellite communications market. With a planned IPO targeting a $1.75 trillion valuation — dwarfing the combined $500 billion market cap of all three carriers — SpaceX's capital and technology advantages pose a structural challenge to traditional satellite operators like Viasat. The carrier consortium's decision to build their own D2D platform rather than partner with incumbent satellite providers further marginalizes traditional players in this rapidly evolving landscape.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)