A federal jury in Waco, Texas said ‌on Thursday that Japanese chipmaker Kioxia ‌owes satellite-communications company Viasat $229 million for infringing a ​patent covering computer memory technology, according to a court document. The jury determined that Kioxia's flash-memory devices violate Viasat's patent rights ‌in technology that ⁠allows such devices to consume less power and improves their ⁠reliability and longevity. Spokespeople for the companies did not immediately respond to requests for ​comment on ​the verdict.

One trades at a steep discount but carries crushing debt; the other is pricier but generates stronger cash flow and a healthier balance sheet.

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Growing Starlink subscribers, technology upgrades and investments in direct-to-mobile services are strengthening SPCX's growth prospects.