ViaSat Stock Surges 24% on Monday After Oppenheimer Analyst Calls It 'Last Major Global Satellite Spectrum Play'

ViaSat (VSAT) stock surged 24% on Monday, June 29, after Oppenheimer analyst Timothy Horan initiated coverage with an Outperform rating and a $140 price target. Horan cited the company's valuable spectrum holdings as the primary driver, estimating the assets are worth approximately $15 billion on a conservative basis, positioning ViaSat as the last major global satellite spectrum play following Rocket Lab's $8 billion acquisition of Iridium Communications announced earlier on Monday. The acquisition, valued at $54 per share for Iridium shareholders, is expected to close in mid-2027 pending regulatory approval. VSAT's rally reflected broader excitement across the satellite sector, with competing space stocks AST SpaceMobile (ASTS), Intuitive Machines (LUNR), and Rocket Lab (RKLB) closing up 21%, 6%, and 16% respectively.
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