Viasat recorded a $1,100,000,000 net loss primarily due to $905,000,000 of net write-down charges tied to the failures of ViaSat-3 F1 and Inmarsat-6 F2 and the canceled ViaSat-4 program.
Viasat has received 55% of ViaSat-3 F1’s $421,000,000 insured value and 100% of its $348,000,000 insurance claim for Inmarsat-6 F2.
Previous Beluga deliveries to the Kennedy Space Center include HOTBIRD 0.013 kg on 17 October 2022 and Inmarsat 6-F2 on 30 January 2023.
Airbus previously transported Viasat’s Inmarsat-6 F2 from France to the United States on a Beluga in January 2023.
Inmarsat‑6 F2 experienced a power‑subsystem issue while raising orbit after a February 2023 SpaceX Falcon 9 launch.
Viasat is grappling with severe issues on two recently launched geostationary satellites, ViaSat-3 Americas and Inmarsat-6 F2.
In August 2023 the Inmarsat-6 F2 satellite experienced a power subsystem problem that raised questions about its ability to operate.
Inmarsat-6 F2 suffered an anomaly after launching to geostationary orbit in February.
Inmarsat-6 F2 became part of Viasat's fleet in May following Viasat's $6,200,000,000 acquisition of Inmarsat.
Viasat has $348,000,000 of insurance in place for Inmarsat-6 F2 and plans to finalize its insurance claim before the end of the year.
Insurers expect total loss claims totaling $770,000,000 from ViaSat-3 Americas and Inmarsat-6 F2 combined.
Viasat and Airbus are working to determine the root cause of the Inmarsat-6 F2 anomaly and to assess whether the satellite will be able to perform its mission.
Viasat had a $350,000,000 insurance policy on Inmarsat-6 F2, according to an investment firm research note.
Viasat Inc. (NASDAQ: VSAT) confirmed that its Inmarsat-6 F2 (I6 F2) satellite was launched on 2023-02-18.
The SpaceX Falcon 9 launched Inmarsat-6 F2 in February and placed it into a geostationary transfer orbit.
Inmarsat-6 F2’s initial mission included providing spare L-band capacity and four gigabits per second of additional Ka-band capacity.
Inmarsat-6 F2’s initial mission included providing spare L-band capacity and four gigabits per second of additional Ka-band capacity.
Inmarsat-6 F2 remained well short of geostationary orbit as of the mid-August orbital data.
Viasat and Airbus are working to determine the root cause of the Inmarsat-6 F2 anomaly and assess whether the satellite will be able to perform its mission.
Inmarsat-6 F2 was designed to use its electric propulsion system to reach its final geostationary orbit over the Atlantic.