SatixFy

Company Overview

Snapshot

Founded in January 2012 by Yoel Gat and Simona Get, SatixFy operates with 51–200 employees. The company raised $61 million across 6 funding rounds from 6 investors. In July 2025, MDA Space acquired SatixFy, marking a significant exit for the company.

Business overview

SatixFy specializes in satellite and quasi-satellite communication technology, developing innovative solutions to reduce the size, weight, power, and cost of user terminals, payloads, and gateway equipment while enhancing performance. The company's systems on a chip (SoC) and products enable more affordable terminals, maximize payload platform capacity, and ensure low-power consumption for battery-operated IoT devices. SatixFy serves markets including communities without internet access, private networks, rural areas, and drone communications, operating within the Aerospace, Defense & HLS sector, with a focus on microelectronics, photonics solutions, and space tech.

Strategic signal

In April 2025, SatixFy announced its acquisition by MDA Space for approximately $193 million, with the deal expected to close in Q3 2025. This acquisition is set to enhance MDA Space's end-to-end satellite systems offering and integrate SatixFy's robust technology portfolio, including over 60 patents and specialized workforce, into MDA Space's strategy to transition from analog to digital satellite technology. This signals a significant consolidation in the satellite communication industry, validating SatixFy's technological advancements and providing it with expanded resources and market reach.

Company Intelligence Q&A

What was the most significant recent corporate development for SatixFy?

In July 2025, MDA Space acquired SatixFy in a transaction valued at approximately $193 million. This acquisition is expected to enhance MDA Space's satellite offerings and integrate SatixFy's technology portfolio.

What was the outcome of SatixFy's NYSE American listing compliance status?

In December 2024, SatixFy regained compliance with the NYSE American's continued listing standards, resolving previous deficiencies and demonstrating compliance for two consecutive quarters.

What was the nature of SatixFy's contract with Telesat?

In November 2024, SatixFy secured a $39 million contract with Telesat to develop and supply Landing Station Baseband Units for the Telesat Lightspeed Network, aiming to enhance global connectivity through high-speed, low-latency broadband.

What was the strategic partnership between SatixFy and MDA Space in October 2024?

In October 2024, SatixFy signed agreements valued at $5 million with MDA Space, reinforcing their strategic partnership. This included an amendment to a previous contract and an Authorization to Proceed agreement for milestone payments, driving revenue growth for SatixFy.

What was the purpose of the funding received from the UK Space Agency in March 2025?

In March 2025, SatixFy secured £1.8 million ($2.3 million) from the UK Space Agency under the C-LEO program to support the development of an advanced software suite for digital satellite payloads, designed to integrate with SatixFy's Sx4000 regenerative processor ASIC and Prime 2.0 digital beamforming integrated circuits.