New York, January 7, 2026, 13:26 EST — Regular session
- Shares down about 11% in afternoon trade after closing Tuesday at $43.46
- Viasat says Evergreen Marine will roll out Inmarsat Maritime’s NexusWave across its fleet
- A filing showed Viasat’s CFO sold 5,000 shares under a pre-set trading plan; earnings are due Feb. 5
Viasat shares fell $4.89, or about 11.3%, to $38.57 on Wednesday, a day after the stock closed at $43.46. The shares traded between $38.27 and $43.58.
The drop comes as investors weigh whether Viasat’s Inmarsat business can keep landing big mobility customers that buy recurring service, not just hardware. Maritime contracts matter because they can be sticky, with ships typically locked into connectivity providers for years.
That is a key question for Viasat heading into its next results, as the company tries to show steady demand across its mobility products after absorbing Inmarsat and carrying higher interest costs.
Earlier on Wednesday, Viasat said Evergreen Marine would upgrade its fleet to Inmarsat Maritime’s NexusWave, a “bonded” service that combines multiple networks into a single connection. Evergreen said the deal was aimed at crew welfare and “operational excellence,” while Viasat maritime vice president Gert-Jan Panken called it “a single, managed connectivity solution for crew and vessel operations.” Viasat also warned that results could differ due to risks including satellite construction and operations and reliance on third-party capacity. Viasat.com
Separately, a regulatory filing showed Chief Financial Officer Garrett Chase sold 5,000 shares on Jan. 2 at a weighted average price of $35.0538, in transactions ranging from $34.82 to $35.405. The filing said the trades were made under a Rule 10b5-1 plan — a pre-arranged program that sets out future stock sales — adopted on Sept. 15, 2025.
The broader market was mixed: the S&P 500 ETF was little changed while the Nasdaq 100 ETF was up about 0.6%.
Even with new wins, Viasat’s maritime push runs into aggressive competition as ship operators test newer broadband options. Inmarsat launched NexusWave as a response to SpaceX’s Starlink in maritime connectivity, Riviera reported.
