Viasat
Global satellite broadband and defense comms. Acquired Inmarsat (2023). ViaSat-3 GEO deploying. Major in-flight connectivity provider.
FINANCIAL HEALTH
CAPITAL & CREDIT PROFILE
Reported fundamentals from SEC XBRL companyfacts. Derived figures carry their formula in the caption.
Latest quarter (Q3 ended 2025-12-31, filed 2026-02-06): revenue $1.16B · net income $25.0M · cash $1.35B — SEC XBRL.
DEBT TRANCHES (8)
| Tranche | Principal | Rate / spread | Maturity | SEC accession |
|---|---|---|---|---|
| 2027 Notes | $600.0M | 5.62% | 2027-12-31 | 0001193125-26-248290 |
| 2028 Notes | $400.0M | 6.50% | 2028-12-31 | 0001193125-26-248290 |
| 2022 Term Loan Facility | $673.8M | 8.82% | 2029-03-04 | 0001193125-26-248290 |
| Inmarsat Term Loan Facility | $1.27B | 3.50% | 2029-09-28 | 0001193125-26-248290 |
| Inmarsat 2029 Notes | $1.98B | 9.00% | 2029-12-31 | 0001193125-26-248290 |
| 2023 Term Loan Facility | $601.3M | 9.29% | 2030-05-30 | 0001193125-26-248290 |
| 2031 Notes | $733.4M | 7.50% | 2031-12-31 | 0001193125-26-248290 |
| Ex Im Credit Facility | $188.7M | 4.78% | 2033-11-25 | 0001193125-26-248290 |
| Total (unmatured) | $6.45B |
Total = sum of listed unmatured tranche principal. Extracted from SEC filings; tranche-level, not exhaustive. Rate / spread = interest_rate_bps ÷ 100 — fixed coupon or floating-rate spread, as extracted from the filing; floating-rate bank debt shows the spread over its reference rate, not all-in cost.
Source: USAspending.gov award obligations matched to this company. Obligations, not recognized revenue.
SCHEDULE CREDIBILITY
How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.
| Source | Events | Late (share) | Median slip | Median slip, late only | Sub-score | On-time allowance |
|---|---|---|---|---|---|---|
| Roadmap milestones | 2 | 1 (50%) | 104.5 d | 209 d | 57.2 | 30 d |
WORST SLIPS (RECEIPTS)
| Commitment | Source | Announced | Outcome | Slip |
|---|---|---|---|---|
| ViaSat-3 EMEA satellite launched (ViaSat-3) open, 209d past target | Roadmap milestones | 2025 | still open | 209 d and counting |
SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.
Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17
FLEET & LAUNCH PARTNERS
Satellite operator — does not operate launch vehicles. Primary launch partners: SpaceX, Arianespace (Ariane 5/6), ULA.
CONSTELLATION ACTIVITY
Constellations operated by this company — live satellite counts from the CelesTrak/GCAT object catalog.
| Constellation | Active | Total | Decayed | Health | Most recent deployment |
|---|---|---|---|---|---|
| OneWeb (Eutelsat+Viasat) | 654 | 656 | 2 | 99.7% | Oct 20, 2024 |
RECENT DEALS & CONTRACTS
| Date | Type | Amount | Counterparty | Significance |
|---|---|---|---|---|
| Jun 15, 2026 | M And A | — | Gilat Satellite Networks, Comtech satcoms business | High |
| May 22, 2026 | Contract Award | $437.0M | Space Force, Viasat, SES | High |
SECTOR POSITION
RECENT COVERAGE
| Date | Source | Headline |
|---|---|---|
| Jul 16, 2026 | Payload Space | SWISSto12 Closes $70M Series C |
| Jul 03, 2026 | Payload Space | Inside the Deepening Ties Between Europe and the Middle East |
| Jun 15, 2026 | SpaceNews | Gilat to buy Comtech satcoms business six years after failed merger |
| Jun 11, 2026 | SpaceNews | K2 Space, Rocket Lab win key supplier roles in Space Force satcom program |
| Jun 01, 2026 | USAspending.gov | Administration Awards $1.1M to ASTROBOTIC TECHNOLOGY INC for SBIR PHASE III VERTICAL SOLAR ARRAY TECHNOLOGY (VSAT) AND LUNARAY TESTING |
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Corporate homepage (2026 copyright) documents Viasat, Inc.'s ViaSat-3 constellation (F1 and F2), integration of Inmarsat post-acquisition, and service lines across consumer, enterprise, aviation, gove
METHODOLOGY
Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.
Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.