For the first time, the company pinned down a launch date for its 300-gigabit per second ViaSat-2 satellite.
It will be shipped next month from Boeing’s Satellite Systems International facility in El Segundo to the Arianespace launch site in French Guiana. Once it launches, it will take a few months to position ViaSat-2 in orbit. The satellite is expected to begin delivering Internet service to customers in the fourth quarter of 2017.[end quote]
Revenue came in at $381 million, up from $348 million for the same quarter last year. Net income dipped, however, to $4.2 million from $9.7 million a year earlier – in part because of a $34 million increase in research and development costs for work on upcoming satellite projects.
Satellite Internet is horrendously expensive and for a large company like Viasat only having a net income of 4.2 million dollars should tell you something about how expensive it is. That wouldn't even buy one of Trump's fancy airplanes.
I know that Hughesnet residential internet division was running at a loss for the first 10 years and they depended on their enterprise and military contracts to carry the residential and I have the idea that the Exede division is probably operating at a net loss as well. Having any satellite Internet at all for less than $200 a month is a great deal. Your local cable or Wireless Internet provider has very little infrastructure expense compared to satellite based.
The expenses to build huge satellites and then to send them on a rocket to geosynchronous orbit over 20,000 miles away and then not to mention the giant uplink/downlink dishes and equipment at the network operations centers, ect really can't compare to the expenses in providing terrestrial internet service. Food for thought for people that think Exede is ripping you off and getting rich off of you.