
Viasat Shares Plunge 20% After Carlsbad Company Reveals Problem with ...
- by Times of San Diego
- Jul 13, 2023
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Viasat headquarters in Carlsbad. REUTERS/Mike Blake
Viasat said Wednesday there was an anomaly during the deployment of its ViaSat-3 Americas satellite in space that may affect its performance, sending the Carlsbad company’s shares down 20% after the bell.
An unexpected event occurred during reflector deployment, the company said, adding that it had started a review.
The ViaSat-3 Americas, designed to provide broadband connectivity in the Americas region, was launched onboard a SpaceX Falcon Heavy rocket on April 30.
Viasat in May acquired British satellite rival Inmarsat for $7.3 billion, and the merged entity has at least 19 satellites in space.
Other Viasat and Inmarsat satellites were not affected, according to Viasat.
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