Satixfy Communications Ltd.
SATX-WTA
New York Stock Exchange0.00
USD
-0.02
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Satixfy Communications Ltd.
SATX-WTA
(New York Stock Exchange)
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ROIC.AI
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- Satixfy Communications Ltd. (SATX-WTA) develops and provides vertically integrated next-generation satellite communication systems and ground terminal chips worldwide, leveraging in-house-designed application-specific integrated circuits (ASICs) and software-defined technologies. The company offers core products including modem and antenna chips such as PRIME and BEAT antenna chips for multi-beamforming and beam-hopping in satellite payloads and user terminals; SX-4000 satellite payload chips enabling digital on-board processing, beam-hopping, and enhanced connectivity for low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary orbit (GEO) systems as well as aero/in-flight connectivity (IFC) and on-the-pause applications; wideband software-defined radio (SDR) modems combining DSP logic, programmable DSPs, and co-processors for high processing bandwidth and low power consumption; electronically steered antenna arrays utilizing digital beamforming ASICs, RF monolithic microwave integrated circuits (MMICs), and modem ASICs; Onyx IFC terminals and Aero/IFC terminals for broadband connectivity on small to mid-size commercial and private aircraft via multiple satellites; and ground terminals for fixed and mobile broadband applications. These solutions support advanced standards like DVB-S2X and RCS2, serving satellite operators, airlines, satellite communications systems manufacturers, and connectivity service providers that integrate its chips and systems into payloads, gateways, user terminals, and infrastructure. Founded in 2012 and headquartered in Rehovot, Israel, Satixfy operates primarily in the satellite communications industry, targeting segments such as digital payloads, direct-to-device services, in-flight connectivity, IoT networks, and broadband for unconnected regions, with global reach through its technologies deployed in LEO/MEO/GEO constellations and terrestrial backhauling. In a major strategic development, MDA Space Ltd. completed its acquisition of Satixfy on July 2, 2025, integrating Satixfy's operations and technology portfolio—including over 60 patents and approximately 165 specialized employees—into MDA Space's Satellite Systems business to enhance end-to-end digital satellite offerings amid rising demand for software-defined constellations; the deal, initially announced April 1, 2025, at US$2.10 per share (later amended to US$3.00) with total consideration around US$269 million including debt retirement, positions Satixfy as a subsidiary of MDA Space. Prior to the acquisition, Satixfy expanded collaborations with MDA Space through over $10 million in agreements in March 2025 for engineering models, space-grade chips, and development work; secured a UK Space Agency £1.8 million award in March 2025 for advanced LEO payload software under the C-LEO program; signed a US$39 million contract with Telesat in November 2024 for landing station baseband units in the Lightspeed network; and received a landmark over $20 million order in June 2024 for Prime2 space-grade digital beamformer chips.