On October 9, Viasat rose 5.31% in Pre-Market Trading, trading at $70.95 per share, with turnover of $385,200. The move was driven by a combination of defense order momentum, ViaSat-3 global coverage completion, and renewed focus on spectrum asset value.

Viasat recently secured an initial $42 million task order under a seven-year U.S. Marine Corps satellite communications contract with a ceiling of $307 million, covering multi-orbit connectivity across L-, Ku- and Ka-bands. The company also announced that ViaSat-3 F2 has entered service across the Americas, completing the ViaSat-3 constellation and tripling global fleet bandwidth.

Spectrum value continues to be a key valuation swing factor. Morgan Stanley assigned roughly $6.2 billion, or about $42 per share, to Viasat's potentially monetizable spectrum, representing about 44% of its updated $95 price target. The pending Equatys joint venture with Space42, with up to $1 billion in initial equity commitments, further underpins the long-term infrastructure strategy.

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