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Shares of satellite operator Viasat gained 2.1% Wednesday after SpaceX confirmed it deployed the company’s latest big satellite. Viasat Chief Executive Mark Dankberg said the satellite would help it address its main customer groups in the region, including airlines and government agencies. Viasat has faced intensifying competition in recent years from SpaceX’s Starlink satellite-internet business that have weighed on its shares.

Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match. The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.

Quarterly figures reveal a striking contrast in revenue patterns, with one provider holding steady as the other navigates a persistent downward slope.

ASTS pushes ahead with its space-based network despite losing BlueBird 7, as rapid launch plans and contracts keep its global vision intact.

Amazon.com Inc agreed to acquire Globalstar Inc for $11.57 billion, snatching a satellite company that Elon Musk’s SpaceX had tried to buy itself just months earlier. Amazon Outbid SpaceX Amazon beat out SpaceX for Globalstar, securing spectrum and satellite infrastructure that strengthens its position in both broadband and direct-to-device connectivity. SpaceX has roughly 10,000 Starlink satellites in orbit. Amazon has around 200, but is planning $200 billion in capex this year and targeting 3,

Viasat has entered Boeing’s technical evaluation process for its next generation AERA electronically steered antenna terminal. The assessment could lead to AERA being offered as a linefit connectivity option on all current Boeing commercial aircraft programs. The AERA terminal is designed for multi orbit satellite use, with potential implications for airline fleet planning and future upgrade paths. For investors watching Viasat, ticker NasdaqGS:VSAT, this development comes with the share...

A number of stocks jumped in the afternoon session after Iran announced the reopening of the Strait of Hormuz, easing international tensions and providing a much-needed boost to corporate IT spending outlooks.