Shares of global satellite communications provider Viasat (NASDAQ:VSAT) jumped 6.3% in the afternoon session after the company received new licenses to expand its satellite internet services in Brazil and secured a deal to provide in-flight Wi-Fi for National Airlines.

Brazil's regulator, Anatel, granted Viasat authorizations to increase its high-speed satellite internet capacity. This expansion utilized the company's ViaSat-3 constellation and the GX8 satellite, positioning Viasat to better compete in the growing Brazilian market for connectivity in remote areas and for corporate customers. In a separate development, National Airlines chose Viasat to install advanced in-flight Wi-Fi on its A330 aircraft. The service delivered high-performance connectivity that allowed passengers to use data-heavy applications like video streaming.

The shares closed the day at $52.43, up 7.9% from previous close.

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Viasat’s shares are extremely volatile and have had 64 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 24 days ago when the stock dropped 4.4% on the news that the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.

Viasat is up 37.9% since the beginning of the year, and at $51.88 per share, has set a new 52-week high. Despite the year-to-date gain, investors who bought $1,000 worth of Viasat’s shares 5 years ago would now be looking at only $988.89.

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