On Thursday, Viasat (NASDAQ: VSAT) saw a 2.6% increase in its share price, outpacing the S&P 500’s 0.5% decline, amid a public dispute between President Trump and Elon Musk. The conflict began when Musk criticized Trump’s One Big, Beautiful Bill via X (formerly Twitter).
In response, Trump threatened on Truth Social to end federal subsidies and contracts for Musk’s businesses, including SpaceX and Starlink, which could significantly impact those companies financially. This turmoil has generated interest in Viasat, as it offers satellite services that compete with Starlink.
Despite the current tensions, no concrete action has been taken to cut government funding to Musk’s enterprises. Investors are advised to monitor this evolving situation closely, especially those interested in satellite and space stocks.
