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Top related persons:
Mark Dankberg - 2 Dankberg - 2 K - 1 Guru Gowrappan - 1 Northrop - 1 We're - 1 Northrop Grumman - 1 NASA's James Webb - 1
Top related locs:
Americas Africa Florida Carlsbad , California
Top related orgs:
Viasat - 2 ViaSat - 2 Northrop Grumman - 1 Inmarsat - 1 CNBC - 1 Boeing - 1 Grumman - 1 NASA's James Webb Space Telescope - 1

Search resuls for: "Mark Dankberg"


3 mentions found


☆ Viasat revenue grows as investigation continues into malfunctioning $750 million satellite
  + stars: | 2023-08-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +3 min
Viasat has approximately $420 million in insurance on the malfunctioning satellite, "which is nearly half of the net book value" of ViaSat-3 Americas, putting its value at about $750 million. Viasat brought in $780 million in revenue during the quarter, a 36% increase compared to the same period last year. It reported a net loss of $77 million for the quarter, wider than a net loss of $21.6 million a year ago. As of the end of quarter, Viasat had $5.5 billion in net debt, with about $2 billion in cash and equivalents. Despite the issues, Viasat forecast that revenue will grow further in fiscal year 2025.
Persons: Mark Dankberg, K, Guru Gowrappan, Dankberg, Northrop Organizations: Viasat, ViaSat, Northrop Grumman, Inmarsat Locations: Americas, Africa
☆ Viasat stock plunges after company discloses malfunction in new satellite
  + stars: | 2023-07-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +1 min
A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023. Viasat 's stock dropped in after-hours trading on Wednesday after the company disclosed its most recently launched communications satellite suffered a malfunction. The Carlsbad, California-based company said an "unexpected event occurred" while deploying the reflector of its Viasat-3 Americas satellite "that may materially impact" performance. The design of the reflector on the Viasat-3 Americas satellite appear to match the "AstroMesh" line of reflectors that Northrop Grumman advertises. Viasat has previously thanked both Boeing and Northrop Grumman as part of its combined team behind the Viasat-3 Americas satellite.
Persons: We're, Mark Dankberg, Dankberg, Northrop Grumman, NASA's James Webb Organizations: ViaSat, Viasat, CNBC, Boeing, Grumman, NASA's James Webb Space Telescope, Northrop Locations: Florida, Carlsbad , California, Americas
☆ Investing in Space: Viasat launch adds power and flexibility in satellite broadband competition
  + stars: | 2023-05-04 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +2 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC's Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights. Viasat took a big step toward satellite staying power last weekend, as the long-awaited launch of the first of the ViaSat-3 trio rumbled off the ground (thanks to the "full power" version of SpaceX's Falcon Heavy rocket.) The new satellites also give Viasat "a lot of flexibility" in where it aims the bandwidth, Dankberg said. Dankberg sees Viasat-3 as "more successful in business aviation," particularly by adding coverage over the Pacific.
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