Viasat Joins Forces With SES to Compete with Elon Musk’s Starlink
April 7, 2023
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Viasat ($NASDAQ:VSAT), a leading provider of global communication services, has teamed up with SES, the world’s second largest satellite operator, in an effort to compete with Elon Musk’s Starlink project. With this merger, the two companies aim to provide next-generation satellite services for telecom operators, government institutions, and enterprise customers around the world. Viasat is a publicly-traded company specializing in the design and delivery of advanced communications systems and services for the consumer, business and military markets. Through their merger with SES, Viasat will be able to leverage their expertise in satellite-based technology for the purpose of competing with Starlink.
By combining both companies’ technology and capabilities, Viasat will be able to provide faster and more reliable satellite internet services compared to what Starlink currently offers. With this new venture, the two companies will be able to provide cutting-edge services to a variety of markets that are looking for high-speed satellite internet connections.
Stock Price
On Thursday, Viasat stock opened at $33.4 and closed at $34.2, a 1.4% increase from its previous closing price of 33.7. The stock jump came after Viasat announced its new partnership with SES to compete with Elon Musk’s Starlink. This partnership will allow Viasat to leverage SES’s existing network of satellites and use the company’s ground infrastructure to deliver satellite broadband services to consumers worldwide. With this partnership, Viasat will be able to reduce the cost, time, and risks associated with launching and operating its own satellites.
The company expects to see an increase in revenues as it will now be able to offer more services to more customers at lower costs. The partnership also positions Viasat to better compete with Starlink, which is expected to quickly become a dominant player in the satellite broadband market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat. More…
| Total Revenues | Net Income | Net Margin |
| 2.87k | -141.21 | -3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat. More…
| Operations | Investing | Financing |
| 436.88 | -1.13k | 711.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viasat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.8k | 4.18k | 33.9 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 1.8% | -0.1% |
| FCF Margin | ROE | ROA |
| -24.1% | -0.0% | -0.0% |
Analysis
At GoodWhale, we recently conducted an analysis of VIASAT‘s wellbeing. Our research revealed that, based on Risk Rating, VIASAT is a medium risk investment in terms of both financial and business aspects. We have detected three risk warnings in the balance sheet, cashflow statement, and non-financial areas. If you’re looking for more information about VIASAT’s wellbeing and risk rating, please visit goodwhale.com. Our website provides valuable insights and data-driven analysis of different companies’ wellbeing, allowing users to make informed decisions when it comes to investment opportunities. By registering with us, you can easily access all the information you need to make the best decisions for your portfolio. More…
Peers
It has a portfolio of products and services for both commercial and government markets. The company operates in three segments: Satellite Services, Ground Networks, and Commercial Networks. Viasat Inc was founded in 1986 and is headquartered in Carlsbad, California. Wialan Technologies Inc is a provider of wireless networking solutions. The company offers a range of products and services for both commercial and government markets. Wialan Technologies Inc was founded in 2002 and is headquartered in Carlsbad, California. ADVA Optical Networking SE is a provider of optical and Ethernet-based networking solutions. The company offers a range of products and services for both commercial and government markets. ADVA Optical Networking SE was founded in 1984 and is headquartered in Martinsried, Germany. Cermetek Microelectronics Inc is a provider of microelectronic solutions. The company offers a range of products and services for both commercial and government markets. Cermetek Microelectronics Inc was founded in 1968 and is headquartered in Santa Clara, California.
– Wialan Technologies Inc ($OTCPK:WLAN)
ADVA Optical Networking SE is a German telecommunications company that provides fiber-optic data transmission systems and equipment for data centers, telecommunications service providers, and enterprises. The company has a market cap of 1.07B as of 2022 and a Return on Equity of 4.24%. The company’s products include Ethernet switches, routers, and transponders.
Summary
VIASAT, a satellite communications services provider, has recently announced its merger with SES, a global satellite operator, in a bid to challenge Elon Musk’s Starlink. The merger aims to combine VIASAT’s service-oriented approach with SES’s strong global presence in the satellite industry. As a result, the combined company will benefit from increased scale, enhanced capabilities, and ongoing research and development in the satellite industry.
In addition, the merger is expected to lead to stronger competitive positioning and an improved customer experience. Investors may benefit from these strategic developments and should consider opportunities for growth in the satellite industry.
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