On July 12, 2023, Viasat announced an unexpected event occurred during reflector deployment that may materially impact the performance and capacity of the ViaSat-3 Americas satellite. Analysts commenting on Viasat’s “antenna anomaly” raised questions as to their inability to correct the antenna issue which previously occurred to the Company’s ViaSat-2 satellite in 2017.
Following this news, Viasat’s stock price fell by $12.24 per share, or approximately 28% to close at $30.74 per share.
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