Inmarsat Maritime, a subsidiary of Viasat, introduced the next phase of its NexusWave bonded‑connectivity service, adding the VS60 maritime terminal to its portfolio. The VS60, engineered by Intellian and powered by Viasat’s software‑defined radio technology, is designed to operate in concert with the new ViaSat‑3 satellite constellation, delivering download speeds that exceeded 250 Mbps in recent sea trials.
The upgraded service bonds capacity from GEO Ka‑band, LEO, LTE, and L‑band networks, creating a fully managed, resilient connectivity solution for vessels. By integrating the VS60 with the ViaSat‑3 F2 satellite—launched on November 14 2025 and now in orbit—the service can offer higher bandwidth and more consistent speeds across the Americas and Asia‑Pacific, directly addressing the growing demand for digitalization, crew welfare, and operational efficiency at sea.
Viasat’s Q3 FY2025 financials provide context for the launch. Revenue for the quarter was $1.12 billion, with adjusted EBITDA of $393 million, while a net loss of $158 million reflected high debt levels (debt‑to‑equity 1.57) and an Altman Z‑Score of 0.62. Maritime revenue fell 8% year‑over‑year due to legacy L‑band offerings and ARPU pressure, whereas defense and aviation segments grew, underscoring the company’s focus on higher‑margin verticals and capital‑efficient operations.
The ViaSat‑3 constellation remains a key driver of Viasat’s future capacity. The successful launch of F2 in mid‑November positions the company to begin service entry in early 2026, while the F1 satellite’s antenna deployment anomaly continues to constrain overall capacity. A third satellite, F3, is slated for launch in 2026, which will further expand coverage and bandwidth for maritime customers.
Strategically, the NexusWave 2.0 launch strengthens Inmarsat Maritime’s competitive position against Starlink, Iridium, and KVH Industries by offering a higher‑bandwidth, bonded solution that can adapt to varying network conditions. The move aligns with the broader maritime industry’s shift toward digital operations and crew connectivity, positioning Viasat to capture a larger share of the growing high‑data‑rate market.
During the Q3 FY2025 earnings call, Viasat’s management highlighted progress in capital efficiency and expressed confidence in its fiscal 2025 guidance, signaling that the company believes the new service and satellite upgrades will support continued growth in its high‑margin segments.
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