SatixFy

Satellite and Quasi-satellite Communication Technology

Aerospace, Defense & HLS
Acquired (Inactive) by MDA Space on Jul 2025 - closed due to acquisition

Company Overview

Snapshot

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

Business overview

SatixFy specializes in satellite and quasi-satellite communication technology, developing solutions to reduce the size, weight, power, and cost of user terminals, payloads, and gateway equipment while enhancing performance. The company's core technology includes systems on a chip (SoC) and products like the SX-3000B, designed to enable more affordable terminals, maximize payload platform capacity, and ensure low-power consumption for battery-operated IoT devices. SatixFy serves markets such as communities without internet access, private networks, rural areas, and drone communications, operating within the Aerospace, Defense & HLS sector.

Strategic signal

In July 2025, SatixFy was acquired by MDA Space, marking a significant exit for the company and its investors. This acquisition signals a strategic consolidation within the satellite communication industry, with MDA Space integrating SatixFy's advanced technology to enhance its offerings in space and ground SatCOM solutions. For investors, this demonstrates a successful realization of value and the continued strategic importance of innovative satellite communication capabilities.

Company Intelligence Q&A

What was a significant recent corporate development for SatixFy?
In July 2025, SatixFy was acquired by MDA Space, leading to its delisting from the NYSE.
When did SatixFy complete its SPAC merger?
In October 2022, SatixFy completed a SPAC merger with Endurance Acquisition Corp, leading to its listing on the NYSE.
What was a key strategic transaction for SatixFy in late 2023?
In October 2023, SatixFy announced the completion of a strategic $60 million transaction with MDA Space.
Did SatixFy secure any significant contracts in late 2024?
In November 2024, SatixFy won a $39 million contract with Telesat to develop and deliver landing station baseband units for the Telesat Lightspeed Network.
What was a notable software development agreement for SatixFy in late 2024?
In October 2024, SatixFy signed a $9 million software development and license agreement with MDA Space for satellite payloads.

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