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Viasat expects the first ViaSat-3 satellite to be shipped from Boeing’s manufacturing facilities in California to SpaceX’s launchpad in Florida in time for a launch in the first quarter of 2023.
Each ViaSat-3 satellite is designed to deliver roughly three times the broadband capacity of Viasat’s ViaSat-2 satellite that launched in 2017.
Viasat’s overall revenue for the three months to the end of September increased 6% year-over-year to $745,000,000.
Astranis plans to launch its first geostationary smallsat, Arcturus, on a SpaceX Falcon Heavy as a secondary payload with Viasat’s ViaSat-3.
Viasat will release its second quarter fiscal year 2023 financial results on Tuesday, 2022-11-08 after the market closes via a letter to shareholders posted to the Investor Relations section of its website.
Viasat expects each of the three ViaSat-3 satellites it plans to start launching 2022 will add about 1 Tbps of capacity to the market.
The third ViaSat-3 satellite is slated to launch by the end of 2023 and will specifically cover Asia.
Viasat's acquisition of Inmarsat still requires other regulatory approvals, including a competition investigation launched by the U.K. watchdog on 2022-10-14.
Viasat's planned acquisition of British satellite operator Inmarsat received national security clearance from the U.K. in September.
On 2022-10-14, the U.K. Competition and Markets Authority launched an in-depth investigation into Viasat’s proposed acquisition of Inmarsat.
The U.K. Competition and Markets Authority launched an in-depth investigation into the Viasat–Inmarsat transaction on 2022-10-14.
On 2022-10-18, Australia’s Foreign Investment Review Board granted approval for Viasat to acquire Inmarsat.
Viasat plans to acquire Inmarsat in a proposed combination of their businesses.
Viasat and Inmarsat contend that competition in the inflight connectivity market is already intense and will increase as well-funded entrants gain traction.
Inmarsat is expected to merge with U.S. satellite operator Viasat after the U.K. government completes an antitrust review.
Viasat provides satellite communications service in Ukraine and stated that it is ready to provide expanded services for Ukraine, the United States, and U.S. allies.
The proposed Viasat–Inmarsat transaction received approval from the Committee on Foreign Investment in the United States over the summer of 2022.
The U.K. launched an in-depth probe into Viasat’s proposed acquisition of Inmarsat on 2022-10-14.
Viasat and Inmarsat state that more than $20,000,000,000 in capital raised by new market entrants over the last three years underlines the intensity of upcoming competition in the inflight connectivity market.
Viasat announced plans to buy Inmarsat nearly a year before 2022-10-14.