Viasat’s 2025 Takeoff: Stock Soars, New Satellites Launch, and a High-Stakes Future
Viasat’s stock has been on a tear in 2025, marking a stark reversal of fortune. By late Q3 2025, VSAT shares had climbed roughly +280% year-to-datetrefis.com – a dramatic rebound after plummeting 70% in 2024trefis.com. The rally has accelerated through the year: a fresh surge in August saw the stock jump 25% in six daystrefis.com, as investors reacted to improving financial news and strategic developments. Viasat’s market capitalization now hovers around $4–4.5 billiontrefis.com, up from barely $1 billion at 2024’s trough, yet the stock still trades at a substantial discount to historical valuation multiples. At about 1.5× enterprise value/sales, VSAT is 22% below its 5-year average and at a 66% discount to the broader market’s EV/Sfinimize.com – reflecting lingering profit concerns. For context, peer Iridium Communications commands ~5.8× salesfinimize.com thanks to its solid margins, while Viasat’s depressed multiple suggests skepticism about its earnings path.