- SpaceX's Starlink constellation will essentially obsolete the high-latency geostationary satellites of companies such as Viasat. Information is leaking out about how disruptive LEO technology will actually be.
- SpaceX intends to go after essentially all of Viasat's business opportunities, just as a warm-up. SpaceX will offer far superior performance at a more affordable price.
- Viasat is not only "in the kill zone" of SpaceX, but has sunk hundreds of millions into developing new satellites that will also be obsolete at the time of launch.
- We believe SpaceX's unexpected technological triumph has blindsided Viasat management and investors, and that the company is likely to eventually face financial struggles and restructure.
- An abrupt exit from a major shareholder and Apple's work on satellite technology are clear indications that there are major disruptions on Viasat's horizon.
For further details see:
You Can't Go Long SpaceX - But You Can Short Viasat