Welcome to our dedicated page for SATIXFY COMMUNICATIONS news (Ticker: SATX), a resource for investors and traders seeking the latest updates and insights on SATIXFY COMMUNICATIONS stock.
SatixFy Communications Ltd. (formerly listed on NYSE American as SATX) has generated frequent news coverage related to its satellite communications technology, commercial agreements and corporate transactions. Company press releases describe SatixFy as a developer of end-to-end next-generation satellite space and ground communications systems based on in-house-designed chipsets, including space-grade ASICs, multi-beam digital antennas, user terminals and modems.
News items for SATX have included earnings announcements detailing revenue from development services, preproduction and product sales, as well as updates on research and development spending and financing. SatixFy has reported multi-year growth in revenues, shifts in its revenue mix toward space-grade chips, and changes in operating loss and net loss, along with balance sheet information such as cash and debt levels. These releases provide context on the company’s financial performance prior to its acquisition.
Another major category of news involves commercial contracts and collaborations. SatixFy has announced agreements with partners such as MDA Space and Telesat, including purchase orders for engineering models and space-grade chips, authorizations to proceed with engineering work, and contracts to develop landing station baseband units for satellite networks. The company has also reported funding awards, such as a grant from the UK Space Agency’s C-LEO program to support development of regenerative and digital beamforming software for satellite payloads.
Corporate and regulatory developments have been a further focus of SATX news. In December 2024, SatixFy announced that it had regained compliance with NYSE American continued listing standards. In April 2025, SatixFy and MDA Space disclosed a definitive agreement for MDA Space to acquire SatixFy in an all-cash transaction, followed by an amended merger agreement increasing the merger consideration and a shareholder vote approving the deal. A July 2, 2025 Form 6-K then confirmed the closing of the merger and the delisting of SatixFy’s ordinary shares from NYSE American.
Investors and analysts reviewing the SATX news feed can examine this sequence of earnings reports, contract announcements, regulatory updates and merger-related disclosures to understand SatixFy’s historical trajectory in satellite communications and the steps that led to its integration into MDA Space. This page serves as an archive of those developments for users researching the former SATX listing.
SatixFy Communications (NYSE American: SATX) announced that shareholders have overwhelmingly approved the proposed acquisition by MDA Space at a special meeting held on May 23, 2025. Over 99% of voted shares supported the all-cash merger agreement, which was previously amended on May 20, 2025. The transaction is expected to close in Q3 2025.
CEO Nir Barkan highlighted the strategic fit between the companies, particularly as the market transitions from analog to digital technologies. The merger represents a significant milestone that is expected to create substantial shareholder value.
MDA Space and SatixFy Communications (NYSE: SATX) have amended their merger agreement, significantly increasing the all-cash offer from US$2.10 to US$3.00 per share, valuing SatixFy at approximately US$280 million. This amendment follows a go-shop process where SatixFy received a competing all-stock proposal from a third party valued at US$233.5 million (US$2.53 per share).
The increased offer comes with SatixFy's commitment not to consider other acquisition proposals. Shareholders holding approximately 57% of SatixFy's outstanding shares have agreed to vote in favor of the transaction. The Special General Meeting of Shareholders has been postponed to May 23, 2025, to allow time for proper disclosure of the amended terms.
SatixFy Communications (NYSE: SATX) reported strong financial results for full year 2024, achieving 92% revenue growth to $20.6 million, exceeding guidance of $17-19 million. The company saw significant improvements across key metrics, with development services revenue up 59% to $13.1 million and product sales surging 204% to $7.5 million.
Gross profit increased 157% to $12.3 million, with margins expanding to 60% from 45% in 2023. Operating loss decreased 45% to $22.8 million, reflecting increased revenue and lower expenses. The company secured a notable $39 million contract with Telesat and additional $20 million in agreements with MDA Space.
MDA Space has announced its intention to acquire SatixFy, with the transaction expected to close in Q3 2025. The company's audit opinion included a going concern qualification, with cash and equivalents at $14.4 million as of December 31, 2024.
MDA Space has announced the acquisition of SatixFy Communications (NYSE: SATX) in an all-cash transaction valued at US$2.10 per share, representing a total equity value of approximately US$193 million. The deal includes retiring SatixFy's existing debt of US$76 million, bringing the total transaction value to US$269 million.
Founded in 2012, SatixFy is a semiconductor supplier specializing in satellite communications technology, with over 60 patents and 165 technical employees globally. The company has invested approximately US$270 million in R&D to date. The acquisition aims to enhance MDA Space's end-to-end satellite systems offering as digital satellite communications demand grows.
The transaction, expected to close in Q3 2025, includes a 45-day go-shop period until May 16, 2025. It has received unanimous board approval and support from shareholders holding approximately 57% of SatixFy's shares. The deal is projected to be accretive to MDA Space's adjusted earnings by 2027.
SatixFy Communications (NYSE American: SATX) has secured new agreements worth over $10 million with MDA Space. The deal includes a $6.7 million purchase order for engineering models and space-grade chips, plus a $3.5 million ATP agreement for engineering work. This builds upon a previous $2 million ATP agreement.
The company will provide advanced chipsets and digital beamformers for testing and assembly in MDA Space's satellites. These components are important for next-generation satellite communication networks, supporting both LEO and GEO constellations.
SatixFy Communications (NYSE: SATX) has secured £1.8 million ($2.3 million) in funding from the UK Space Agency under its C-LEO program to develop advanced software for digital satellite payloads. The software suite will focus on regenerative and digital beamforming capabilities, designed for real-time control and monitoring of LEO/MEO/GEO payloads.
The software will integrate with SatixFy's Sx4000 regenerative processor ASIC and Prime 2.0 digital beamforming integrated circuits, expanding the company's full solution offering. This integration aims to provide satellite operators with a comprehensive end-to-end solution that enhances performance, efficiency, and flexibility while reducing integration complexity and time-to-market.
SatixFy Communications (NYSE AMERICAN: SATX) announced its participation in Satellite Show 2025 at the Walter E. Washington Convention Center, Washington, D.C., from March 11-13, 2025. The company will showcase its comprehensive satellite communication solutions at booth #2225.
The exhibition will feature their space-grade ASICs for digital satellite payloads, including radiation-hardened processors and digital multi-beam beamforming ASICs, designed for NGSO DRA antennas in direct-to-device and broadband applications. In the ground segment, SatixFy will present advanced multi-beam, multi-orbit, and multi-frequency terminal solutions for Ka- and Ku-band.
A highlight will be SatixFy's Outdoor Gateway Modem for NGSO antennas, already selected by a tier-1 LEO constellation operator. CEO Nir Barkan and Executive Chairman Yoav Leibovitch will be present at the booth to discuss products and future vision.
SatixFy Communications (NYSE AMERICAN: SATX) has announced regaining compliance with NYSE American's continued listing standards. The company received written confirmation on December 16, 2024, stating it has resolved the listing deficiencies previously identified in a November 30, 2023 letter. These deficiencies were related to Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide. SatixFy demonstrated compliance for two consecutive quarters as required under Section 1009(f) of the Company Guide and affirms its commitment to maintaining NYSE American listing requirements while focusing on operational and financial objectives.
SatixFy Communications (NYSE American: SATX) reported its nine-month 2024 financial results, showing total revenues of $8.5 million, a 4% decrease from 2023. The company expects full-year 2024 revenues between $17-$19 million with 70-75% gross margins.
Key highlights include a $39 million contract with Telesat for Lightspeed Network development and expanded collaboration with MDA Space Gross profit increased 36% to $6.2 million, while operating loss improved 18% to $23.1 million. Net loss improved 43% to $34.5 million.
Cash position decreased to $6.5 million as of September 30, 2024, compared to $14.0 million at end-2023. R&D expenses decreased 15% to $21.4 million, while finance expenses dropped 64% to $11.5 million.
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