(CNBC) 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 satellite launched successfully in April on SpaceX’s Falcon Heavy rocket.
Viasat stock plunges after company discloses malfunction in new satellite
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