Why Viasat Stock Floated Higher Today
Satellite stocks were in vogue in late trading on Thursday, thanks to a rapidly escalating spat between two of the most high-profile individuals in the world. A beneficiary of this was Viasat (NASDAQ: VSAT), which ended up booking a 2.6% gain in its share price on the day. That made it an outperformer in light of the S&P 500 index's 0.5% decline.Earlier in the day, a social media war of words erupted between President Trump and former Department of Government Efficiency (DOGE) head Elon Musk. That occurred just after Musk, on his X (formerly Twitter) platform, leveled criticisms against Trump's One Big, Beautiful Bill currently making rather jagged progress through the Senate. Image source: Getty Images.Continue reading
Satellite stocks were in vogue in late trading on Thursday, thanks to a rapidly escalating spat between two of the most high-profile individuals in the world. A beneficiary of this was Viasat (NASDAQ: VSAT), which ended up booking a 2.6% gain in its share price on the day. That made it an outperformer in light of the S&P 500 index's 0.5% decline.
Earlier in the day, a social media war of words erupted between President Trump and former Department of Government Efficiency (DOGE) head Elon Musk. That occurred just after Musk, on his X (formerly Twitter) platform, leveled criticisms against Trump's One Big, Beautiful Bill currently making rather jagged progress through the Senate.
Image source: Getty Images.
