Why Viasat Stock Just Crashed 18%

Core Viewpoint - Viasat's stock has experienced a significant decline of 18.1% following T-Mobile's announcement of a new satellite communications service in partnership with SpaceX Starlink, which poses a potential threat to Viasat's business model [1][5] Insider Selling - The primary reason for the sell-off in Viasat stock is attributed to insider shareholders selling their stakes rather than the market reaction to T-Mobile's announcement [2] - Three major holders of Viasat stock have filed notifications of significant sales, totaling 11.25 million shares, which represents approximately 8.8% of all outstanding Viasat shares [3][6] - The Ontario Teachers' Pension Plan Board, CPP Investment Board Private Holdings, and a Luxembourg company, Triton Luxtopholding Sarl, each sold 3.75 million shares [6] Market Implications - The simultaneous sales by these major shareholders may indicate a collective concern regarding the competitive threat posed by the T-Mobile and Starlink partnership [4][5] - The significant insider selling raises questions about the confidence of these shareholders in Viasat's future performance, especially given the company's unprofitable status [5]