Musk-Trump Dispute Sparks Double Digit Gains For Viasat (VSAT)

We recently published a list of Small But Mighty: 10 Stocks That Stunned Wall Street Today. In this article, we are going to take a look at where Viasat, Inc. (NASDAQ:VSAT) stands against other stocks that stunned Wall Street on Monday.

Viasat grew its share prices by 15.20 percent on Monday to finish at $10.61 apiece, as the company continues to benefit from the ongoing spat between SpaceX owner Elon Musk and President Donald Trump.

Despite not being a direct competitor to SpaceX, Viasat, Inc. (NASDAQ:VSAT) traded higher alongside its peer, AST SpaceMobile, Inc. (NASDAQ:ASTS), with Musk and Trump’s dispute sparking investor optimism for publicly-listed satellite firms.

Viasat, Inc. (NASDAQ:VSAT) is a US-based provider of high-speed satellite broadband services and secure networking systems for military and commercial markets.

Last month, the company partnered with billionaire Jeff Bezos’ Blue Origin to support the launch of its InRange launch telemetry relay service as part of its work with NASA’s Communications Services Project (CSP).

Musk-Trump Dispute Sparks Double Digit Gains For Viasat (VSAT)

A telecommunications tower reaching high into the sky, connected to a satellite system.

Viasat, Inc.’s (NASDAQ:VSAT) Space and Mission Systems team—part of the company’s Defense and Advanced Technologies (DAT) segment—will work with Blue Origin across two launches to integrate the user terminal and InRange solution on the New Glenn launch vehicle to showcase the innovative space-based launch communications capability. The New Glenn is expected to launch in August this year.

Overall, VSAT ranks 4th on our list of stocks that stunned Wall Street on Monday. While we acknowledge the potential of VSAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.