Why Viasat Stock Was Racing Higher This Week
Satellite and telecom equipment specialist Viasat's (NASDAQ: VSAT) stock was ascending sharply this week, thanks to its involvement with a top name in private-sector space exploration. By the time the stock market had closed shop on Thursday, Viasat's share price had risen by 17%, according to data compiled by S&P Global Market Intelligence.
Wednesday morning, Viasat announced that it will team with Blue Origin to demonstrate the former company's InRange launch telemetry relay service. On top of that, the two enterprises will collaborate on two future launches that will integrate InRange with Blue Origin's New Glenn heavy-lift rocket.
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Source Fool.com
