Pivotal-Point Tracking Viasat (VSAT): Iridium Acquisition and Analyst Upgrades - Reassessment of the In-Flight Internet Market Leader

The stock of Viasat, a provider of high-speed satellite communication for aviation, defense, and civilian markets, jumped over 23% on June 29. The main driver of the rally was an extremely improved market sentiment following the announcement of a billion-dollar acquisition by competitor Iridium. This consolidation underscored the immense strategic value of existing orbital networks. Several analysts then raised their ratings on the same day as the market reassessed Viasat's fundamental substance compared to its industry peers. The company benefits...