Total amount raised
$3.2 Billion
Latest funding date
09/01/2024
Location
Viasat has successfully raised funding over nine rounds, with the latest being a grant from the UK Space Agency. The company is backed by notable investors, including NASA and the UK Space Agency.
Keep reading to explore the intricacies of Viasat's fundraising journey and the investors backing this global communications company.
What Is Viasat?
Viasat, based in Carlsbad, California, is a global communications company specializing in satellite services. The company operates in the Internet, Optical Communication, and Telecommunications industries and employs between 5001 and 10000 people.
Viasat offers a range of services, including satellite internet for homes and businesses, in-flight connectivity for aviation, and communication solutions for energy, enterprise, government, and maritime sectors. The company is publicly traded under NASDAQ:VSAT.
How Much Funding Has Viasat Raised?
- Grant
- Amount Raised: USD 53,300,000
- Date: April 2022
- Lead Investors: NASA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Viasat's development and expansion in satellite services and related technologies.
- Post-IPO Equity
- Amount Raised: USD 4,805,780
- Date: July 2010
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and operational expansion.
- Post-IPO Equity
- Amount Raised: USD 133,000,000
- Date: December 2009
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support strategic initiatives.
- Post-IPO Equity
- Amount Raised: USD 175,000,002
- Date: July 2020
- Investor Count: 2
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the company's market position and fund new projects.
- Grant
- Amount Raised: USD 80,000,000
- Date: August 2023
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance satellite technology and expand service offerings.
- Post-IPO Debt
- Amount Raised: USD 733,400,000
- Date: September 2023
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and support ongoing operations.
- Post-IPO Debt
- Amount Raised: USD 1,975,000,000
- Date: September 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To redeem outstanding notes and cover related fees and expenses.
- Grant
- Amount Raised: GBP 881,000
- Date: November 2025
- Lead Investors: UK Space Agency
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Viasat's satellite service initiatives.
Total Amount Raised: USD 3,155,505,782
Current Valuation: Not publicly disclosed
Key Investors
- UK Space Agency
- Details: The UK Space Agency is a government agency responsible for the United Kingdom's civil space program. It supports the growth of the UK space industry and promotes space science and exploration.
- Investment Focus Areas: Satellite technology, space exploration, space science.
- Notable Investments: Viasat, OneWeb, Skyrora.
- NASA
- Details: NASA, the National Aeronautics and Space Administration, is an independent agency of the U.S. federal government responsible for the civilian space program and for aeronautics and aerospace research.
- Investment Focus Areas: Space exploration, aeronautics, satellite technology.
- Notable Investments: Viasat, SpaceX, Blue Origin.
What's Next for Viasat?
Viasat's future looks promising with the recent upsizing of their Senior Secured Notes to $1.975 billion, reflecting strong investor confidence. This capital will be used to redeem higher-interest notes, potentially reducing interest expenses and freeing up resources for growth initiatives. The successful fundraising indicates that Viasat may continue to leverage market conditions for future financial maneuvers.
Opportunities for Viasat include expanding their satellite and communication services, driven by the increasing demand for high-speed internet and connectivity solutions. However, they must navigate challenges such as managing high-interest debt and meeting regulatory requirements. The company's strategic financial moves position them well for potential acquisitions and further market expansion.
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