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Why Viasat Stock Floated Higher Today

TheMotleyFool 
0 0 06.06.25
Why Viasat Stock Floated Higher Today: https://g.foolcdn.com/editorial/images/820798/a-rocket-in-the-process-of-launching.jpg
 

Satellite stocks were in vogue in late trading on Thursday, thanks to a rapidly escalating spat between two of the most high-profile individuals in the world. A beneficiary of this was Viasat (NASDAQ: VSAT), which ended up booking a 2.6% gain in its share price on the day. That made it an outperformer in light of the S 500 index's 0.5% decline.

Earlier in the day, a social media war of words erupted between President Trump and former Department of Government Efficiency (DOGE) head Elon Musk. That occurred just after Musk, on his X (formerly Twitter) platform, leveled criticisms against Trump's One Big, Beautiful Bill currently making rather jagged progress through the Senate.

Image source: Getty Images.

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Source Fool.com

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