SatixFy Overview
SatixFy specializes in satellite and quasi-satellite communication technology. Its primary focus is on developing innovative solutions that significantly reduce the size, weight, power, and cost of user terminals, payloads, and gateway equipment, all while enhancing performance. Its target markets include communities without internet access, private networks, rural areas, and drone communications. The company's systems on a chip (SoC) and products play a crucial role in enabling more affordable terminals, maximizing payload platform capacity utilization, and ensuring low-power consumption for battery-operated IoT devices and payload solutions. SatixFy incorporates internally developed, patent-pending algorithms and intellectual property into its products. Recently, the company has successfully delivered its first SoC, the SX-3000B, to leading VSAT providers, and its initial drone payloads have been deployed to defense customers.
Cumulative Funding Raised Over Time ($)
$7.0M
$27.0MApr 2021
$27.0MApr 2022
$27.0MApr 2022
$52.0MNov 2016
Latest News
growth-positive
SatixFy Announces Full Year 2024 Results
SatixFy Communications Ltd., a leader in next-generation satellite communication systems, reported a 92% growth in full-year revenue for 2024, reaching $20.6 million. The company announced its acquisition by MDA Space, aiming to enhance its satellite offerings. SatixFy signed a $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat’s Lightspeed Network and secured additional agreements with MDA Space worth $20 million. Despite a net loss of $45.7 million, the company improved its financial metrics, reducing operating loss by 45% and increasing gross profit by 157%. The acquisition by MDA Space is expected to close in the third quarter of 2025, providing SatixFy with the scale and resources to continue delivering innovative solutions.
Acquired-byPartnersCustomers
growth-positive
MDA SPACE TO ACQUIRE SATIXFY COMMUNICATIONS
MDA Space Ltd. has announced its acquisition of SatixFy Communications Ltd. in an all-cash transaction valued at approximately US$193 million. This acquisition is expected to enhance MDA Spaces end-to-end satellite systems offering as demand for digital satellite communications grows. SatixFy, known for its next-generation satellite communication solutions, brings a robust technology portfolio, including over 60 patents and a specialized workforce of 165 employees. The acquisition aligns with MDA Spaces strategy to transition from analog to digital satellite technology, reinforcing its technical differentiation in the market.
Acquired-by
growth-positive
Canada's MDA Space to buy Israeli satcom co SatixFy
MDA Space, a Canadian company, has announced the acquisition of Israeli satellite communications technology developer SatixFy Communications at a valuation of $193 million. The acquisition, which includes taking on SatixFys $76 million debt, totals $269 million. The deal is expected to close in the third quarter of 2025, pending regulatory and shareholder approvals. MDA Space, a major business partner of SatixFy, aims to enhance its technological offerings in the space industry through this acquisition. The acquisition is seen as a strategic move to consolidate and expand MDA Spaces capabilities in digital satellite technology.
AcquisitionPartners
growth-positive
SatixFy Signs over $10 Million in Further Agreements with MDA Space
SatixFy Communications Ltd., a leader in satellite communication systems, has announced a significant purchase order from MDA Space Ltd. valued at approximately $6.7 million for engineering models and space-grade chips. Additionally, an amended Authorization to Proceed agreement worth $3.5 million has been signed for further engineering work. These agreements enhance SatixFys collaboration with MDA Space, emphasizing the growing demand for SatixFys advanced space-grade chips and digital beamforming technology. The chips will be used in MDA Spaces satellites, supporting high-performance communication solutions. SatixFy continues to play a crucial role in next-generation satellite communications, supporting both LEO and GEO constellations.
Partners
growth-positive
UK Space Agency Awards SatixFy £1.8M for the Development of Advanced LEO Payload Software
SatixFy Communications Ltd., a leader in satellite communication systems, has secured £1.8 million ($2.3 million) from the UK Space Agency under the C-LEO program. This funding will support the development of an advanced software suite for digital satellite payloads, designed to integrate with SatixFys Sx4000 regenerative processor ASIC and Prime 2.0 digital beamforming integrated circuits. The software aims to enhance satellite network flexibility, efficiency, and performance. The investment is seen as a validation of SatixFys capabilities and positions the company to offer a comprehensive satellite communication solution. The project aligns with the UKs strategy to capitalize on the global space sectors growth.
Investment
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $61M |
| Last funding | $29M |
| Stage | Acquired |
| Rounds | 6 |
| Investors | 6 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.satixfy.com |
| Careers | Careers page |
Locations
HaMada Street 12, Rehovot, Israel
Spectrum Point, 279 Farnborough Rd, Farnborough GU14 7LS, UK
Boulevard "Tsarigradsko shose" 149, Sofia, Bulgaria
Hellertown, PA, USA
5500 Lakeside, Cheadle, UK
Photos & Videos
7 item(s)
SatixFy Business
Business models
B2G, B2B
Product stage
Released
Employees
51-200
Sector
Industrial TechnologiesMicroelectronics & Photonics SolutionsAerospace, Defense & HLSSpace TechCommunication & NavigationTarget Customer
Industrial ManufacturingDiscrete IndustriesAerospaceTransportation & LogisticsLogisticsAviationTransportation InfrastructureCommunication ServicesCable & SatelliteCore Technology
CommunicationsIOTSatellites5GSemiconductors & ElectronicsChipsetsSystem-on-a-chipTags (18)
dual-usevsattelecommunication-equipmentbroadbandtelecommunicationbroadcastingsatellitesautomotiveastronauticsastrospaceaerospaceantennassatcomwireless-communicationspace-techiotconnected-vehicles5g-networksGeographic Markets
GlobalSatixFy Financials
$61M
Total funding
Undisclosed
Capital raised
$29M
Last funding
Acquired
Funding stage
6
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$7.0M
$27.0MApr 2021
$27.0MApr 2022
$27.0MApr 2022
$52.0MNov 2016
Private Equity Funding
Undisclosed Round
Apr 2022
Undisclosed
Francisco Partners
Undisclosed Round
Apr 2022
Undisclosed
ST Engineering Ventures
Debt Financing
Apr 2021
$20M
LIQUiDITY (Lead)
B Round
Nov 2016
$25M
Catalyst (Lead)
,
Arie Capital
A Round
$7M
Terracap Ventures
Public Offering / Exit
DelistingEvent
Jul 2025
Undisclosed
MNAEvent
Jul 2025
$269M
SpacEvent
Oct 2022
Undisclosed
SatixFy Lifecycle
Cumulative Funding Raised Over Time
$7.0M
$27.0MApr 2021
$27.0MApr 2022
$27.0MApr 2022
$52.0MNov 2016
All Events
Undisclosed Round
Apr 2022
Undisclosed
Francisco Partners
Undisclosed Round
Apr 2022
Undisclosed
ST Engineering Ventures
Debt Financing
Apr 2021
$20M
LIQUiDITY (Lead)
B Round
Nov 2016
$25M
Catalyst (Lead)
,
Arie Capital
A Round
$7M
Terracap Ventures
DelistingEvent
Jul 2025
Undisclosed
MNAEvent
Jul 2025
$269M
SpacEvent
Oct 2022
Undisclosed
SatixFy News
70 articles
growth-positive
SatixFy Announces Full Year 2024 Results
SatixFy Communications Ltd., a leader in next-generation satellite communication systems, reported a 92% growth in full-year revenue for 2024, reaching $20.6 million. The company announced its acquisition by MDA Space, aiming to enhance its satellite offerings. SatixFy signed a $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat’s Lightspeed Network and secured additional agreements with MDA Space worth $20 million. Despite a net loss of $45.7 million, the company improved its financial metrics, reducing operating loss by 45% and increasing gross profit by 157%. The acquisition by MDA Space is expected to close in the third quarter of 2025, providing SatixFy with the scale and resources to continue delivering innovative solutions.
Acquired-byPartnersCustomers
growth-positive
MDA SPACE TO ACQUIRE SATIXFY COMMUNICATIONS
MDA Space Ltd. has announced its acquisition of SatixFy Communications Ltd. in an all-cash transaction valued at approximately US$193 million. This acquisition is expected to enhance MDA Spaces end-to-end satellite systems offering as demand for digital satellite communications grows. SatixFy, known for its next-generation satellite communication solutions, brings a robust technology portfolio, including over 60 patents and a specialized workforce of 165 employees. The acquisition aligns with MDA Spaces strategy to transition from analog to digital satellite technology, reinforcing its technical differentiation in the market.
Acquired-by
growth-positive
Canada's MDA Space to buy Israeli satcom co SatixFy
MDA Space, a Canadian company, has announced the acquisition of Israeli satellite communications technology developer SatixFy Communications at a valuation of $193 million. The acquisition, which includes taking on SatixFys $76 million debt, totals $269 million. The deal is expected to close in the third quarter of 2025, pending regulatory and shareholder approvals. MDA Space, a major business partner of SatixFy, aims to enhance its technological offerings in the space industry through this acquisition. The acquisition is seen as a strategic move to consolidate and expand MDA Spaces capabilities in digital satellite technology.
AcquisitionPartners
growth-positive
SatixFy Signs over $10 Million in Further Agreements with MDA Space
SatixFy Communications Ltd., a leader in satellite communication systems, has announced a significant purchase order from MDA Space Ltd. valued at approximately $6.7 million for engineering models and space-grade chips. Additionally, an amended Authorization to Proceed agreement worth $3.5 million has been signed for further engineering work. These agreements enhance SatixFys collaboration with MDA Space, emphasizing the growing demand for SatixFys advanced space-grade chips and digital beamforming technology. The chips will be used in MDA Spaces satellites, supporting high-performance communication solutions. SatixFy continues to play a crucial role in next-generation satellite communications, supporting both LEO and GEO constellations.
Partners
growth-positive
UK Space Agency Awards SatixFy £1.8M for the Development of Advanced LEO Payload Software
SatixFy Communications Ltd., a leader in satellite communication systems, has secured £1.8 million ($2.3 million) from the UK Space Agency under the C-LEO program. This funding will support the development of an advanced software suite for digital satellite payloads, designed to integrate with SatixFys Sx4000 regenerative processor ASIC and Prime 2.0 digital beamforming integrated circuits. The software aims to enhance satellite network flexibility, efficiency, and performance. The investment is seen as a validation of SatixFys capabilities and positions the company to offer a comprehensive satellite communication solution. The project aligns with the UKs strategy to capitalize on the global space sectors growth.
Investment
growth-positive
SatixFy to Showcase its Leading Space and Ground SatCOM Solutions at Satellite Show 2025
SatixFy Communications Ltd., a leader in satellite communication systems, announced its participation in the Satellite Show 2025. The company will showcase its advanced digital satellite payload solutions, including ASIC-based processors and multi-beam beamforming ASICs. These innovations cater to the growing demand for NGSO DRA antennas in direct-to-device and broadband applications. SatixFy will also present its ground segment solutions, designed for optimized performance and interoperability across various satellite constellations. A highlight is the Outdoor gateway Modem, selected by a tier-1 LEO constellation operator, emphasizing SatixFys role in next-generation communication networks. The event will feature key leadership members, offering insights into the companys products and future vision.
Customers
growth-positive
SatixFy Regains Compliance with NYSE American Continued Listing Standards
SatixFy Communications Ltd. announced that it has regained compliance with the NYSE Americans continued listing standards. The company received confirmation from NYSE American that it resolved previous listing deficiencies and demonstrated compliance for two consecutive quarters. SatixFy is committed to maintaining full compliance with listing requirements and continues to focus on its operational and financial goals. The company specializes in developing next-generation satellite communications systems, including digital antennas and modems. SatixFy is headquartered in Rehovot, Israel, with additional offices in the U.S., U.K., and Bulgaria.
Public Trading
growth-positive
SatixFy Announces Nine-Month 2024 Results
SatixFy Communications Ltd., a leader in satellite communication systems, reported its financial results for the nine months ending September 30, 2024. The company experienced a 36% increase in gross profit, driven by higher-margin space-grade ASIC products, despite a 4% decrease in total revenues compared to the same period in 2023. SatixFy signed a significant $39 million contract with Telesat for the development of Landing Station Baseband Units and expanded its collaboration with MDA Space Ltd. These agreements are expected to boost service revenues in the fourth quarter, with projected full-year revenues between $17 and $19 million. The company also reported a 43% improvement in net loss compared to 2023, attributed to increased gross profit and reduced operating expenses.
CustomersPartners
growth-positive
SatixFy Wins $39M Contract with Telesat for Satellite Network
SatixFy Communications has secured a $39 million contract with Telesat to develop and supply Landing Station Baseband Units for the Telesat Lightspeed Network. This partnership aims to enhance global connectivity through a new satellite constellation providing high-speed, low-latency broadband. The collaboration underscores SatixFys role as a key technology provider in the satellite communications industry, promising advancements in satellite technology and connectivity solutions.
Partners
growth-positive
Telesat signs $39M contract with Satixfy Communications
Telesat has signed a $39 million contract with SatixFy Communications to develop and deliver Landing Station Baseband Units for the Telesat Lightspeed Network. This agreement will enable high-speed and efficient communication between Telesats Low Earth Orbit satellites and Landing Stations. The contract includes equipment and non-recurring engineering charges, with $5 million already paid in a prior financial period. This partnership is part of Telesats efforts to provide global, high-speed, low-latency broadband connectivity for enterprise and government organizations.
Partners
growth-positive
Telesat Signs US$39 Million Contract with SatixFy to Develop and Deliver Landing Station Baseband Units for Telesat Lightspeed Network
Telesat, a leading global satellite operator, has announced a new partnership with SatixFy Communications Ltd. to develop and deliver Landing Station Baseband Units for the Telesat Lightspeed Network. This agreement, valued at $39 million, will enable high-speed and efficient communication between Telesats LEO satellites and landing stations, enhancing global broadband connectivity for enterprise and government organizations. The partnership underscores Telesats commitment to integrating innovative satellite technology with its terrestrial network to provide secure and resilient broadband services. SatixFy will supply the necessary systems over a 28-month period, further solidifying its position as a key technology supplier in the satellite communications industry.
Partners
growth-positive
/PRNewswire/ -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced that SatixFy Communications...
Telesat, a leading global satellite operator, has partnered with SatixFy Communications Ltd. to develop and deliver Landing Station Baseband Units for the Telesat Lightspeed Network. This agreement, valued at $39 million, will enable high-speed communication between Telesats Low Earth Orbit satellites and landing stations. SatixFy will provide these systems over a 28-month period, enhancing Telesats ability to offer global, high-speed, low-latency broadband connectivity to enterprise and government organizations. This partnership strengthens Telesats position in the satellite communications industry and supports its mission to deliver secure and resilient broadband services.
Partners
growth-positive
SatixFy Signs Agreements Worth $10 Million, Including $5 Million in New Agreements and a $5 Million Prepayment Associated With an Existing Contract With MDA Space
SatixFy Communications Ltd., a leader in satellite communication systems, announced new agreements valued at $5 million with MDA Space Ltd., reinforcing their strategic partnership. This collaboration, which began in October 2023, includes an amendment to a previous contract, adding $3 million to the original agreement and an immediate prepayment of $5 million. An Authorization to Proceed agreement was also signed, involving milestone payments totaling $2 million. These agreements are expected to drive significant revenue growth for SatixFy, highlighting the strategic value of their technology in the satellite industry. The partnership positions SatixFy as a key technology provider for next-generation satellite constellations.
Partners
growth-positive
SatixFy Secures $9M Satellite Software Deal with MDA
SatixFy Communications has announced a significant $9 million deal with MDA Space to supply advanced software and licenses for digital satellite payloads in Low Earth Orbit. This agreement underscores SatixFys role as a leading entity in the satellite communications sector, providing state-of-the-art technology for next-generation satellite constellations. The partnership is set to enhance MDA Spaces offerings through SatixFys innovative space-grade chips and software solutions, marking a positive growth trajectory for SatixFy. The deal reflects the companys strategic focus on expanding its influence and capabilities within the satellite communications market.
Partners
SatixFy Signs $9 Million Software Development and License Agreement with MDA Space for Satellite Payloads
SatixFy Announces First Half 2024 Results
SatixFy to Participate in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-13, 2024
SatixFy Announces a Landmark Order for its Prime2 Space Grade Digital Beam Former Chips of More Than $20 Million
SatixFy’s CEO to Present at Maxim Group's Virtual TMT Investor Conference on June 5, 2024
SatixFy Announces First Quarter 2024 Results
SatixFy and SCOTTY Group Partner to Supply In-Flight Connectivity Terminals
SatixFy Announces Full Year 2023 Results
SatixFy’s Space Chips Advance into Customer Testing Stage
SatixFy to Showcase its Cutting-Edge Space-to-Ground SatCOM Solutions at Satellite Show 2024
SatixFy to Participate at the 36th Annual ROTH Conference on March 18, 2024
The NYSE American Accepts SatixFy’s Plan to Regain Compliance with Listing Standards
SatixFy to Participate at the 26th Annual Needham Growth Conference
growth-negative
SatixFy תולה את יהבה בשבב החדש - Techtime - חדשות אלקטרוניקה והייטק
SatixFy, a company that develops ASIC chips for digital satellite communication, is facing a financial crisis and risks being delisted from the New York Stock Exchange (NYSE). The company has been given 30 days to provide a plan that will allow it to meet various trading conditions, including a market value of over $50 million or assets and sales of $50 million per year. If the plan is not approved, or if the company does not meet the conditions of the approved plan, it will be delisted by May 2025. In response, SatixFy has announced that it will submit a plan on time, which will be based in part on technological development and new orders and customers it expects to be able to announce. The company has also sold its British Digital Payload Division to Canadian company MDA for about $60 million.
CustomersLayoffsAcquisition
SatixFy Receives NYSE American Notice of Non-compliance with Continued Listing Standards
growth-negative
SatixFy Receives NYSE American Notice of Non-compliance with Continued Listing Standards
SatixFy Communications Ltd. has received a notice from NYSE American indicating non-compliance with listing standards due to a decline in market capitalization below $50 million. The company must submit a compliance plan within 30 days to address how it will meet the listing standards by May 30, 2025. If the plan is accepted, SatixFy can continue its listing, subject to periodic reviews. Failure to comply may result in delisting. SatixFy is preparing a plan based on expected business progress and technological developments, including potential announcements of new customers and orders to support a higher valuation.
SatixFy Announces Nine Months 2023 Results
SatixFy Announces Completion of Strategic $60 Million Transaction with MDA
SatixFy Announces Completion of Strategic $60 Million Transaction with MDA
growth-positive
SatixFy Announces First Half 2023 Results
SatixFy Communications Ltd. has announced its financial results for the first half of 2023, showing a 71% increase in revenue compared to the first half of 2022. The company also announced a $60 million agreement with MDA, which includes the sale of its UK subsidiary for $40 million and $20 million in commercial agreements for its space-grade ASICs. The deal is expected to strengthen SatixFys balance sheet and increase chipset sales into satellite digital payloads.
InvestmentAcquisition
growth-positive
SatixFy starts to recover from cool Wall Street reception
SatixFy Communications, a satellite communications systems company, has seen a significant drop in its value since it began trading in New York a year ago. However, a recent deal with Canadian company MDA has caused its share price to rise by 30%. MDA is buying a British subsidiary of SatixFy, SatixFy Space Systems UK Ltd., for $40 million and is paying SatixFy an additional $20 million for chipsets for those systems. The companys CEO, Nir Barkan, believes that the satellite industry is undergoing a revolution and that SatixFy is well-positioned to be a part of it.
AcquisitionPublic TradingManagement Changes
growth-positive
SatixFy Announces Strategic $60 Million Transaction including a Commercial Agreement & Subsidiary Sale with MDA
SatixFy Communications has announced a $60 million transaction with MDA Ltd. The strategic cooperation between the companies will utilize SatixFys digital payload chip technology to advance digital satellite payloads. The transaction is expected to open up SatixFys solutions to broader markets and new customers. The transaction includes a $40 million share purchase agreement and an additional $20 million in advanced payments under new commercial agreements. The transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2023. The CEO of MDA stated that the acquisition of SatixFys digital payload division will strengthen their market position and address customer demand in the satellite communication market.
Partners
growth-positive
MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY
MDA Ltd. has announced its acquisition of SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd. The transaction, valued at US$40 million, will strengthen MDAs position in the growing market for digital satellite communications solutions. The acquisition will help MDA expand its market presence in the UK and enhance its satellite payload production capabilities. Additionally, MDA has secured access to SatixFys next-generation digital satellite chipset. The acquisition is expected to close in Q4 2023.
Acquisition
Growth-Positive
SatixFy Appoints Nir Barkan as Acting Chief Executive Officer
SatixFy Communications Ltd., a leader in next-generation satellite communication systems, has announced the appointment of Mr. Nir Barkan as Acting Chief Executive Officer, effective June 1, 2023. Mr. Barkan, who previously served as SatixFy’s Chief Commercial Officer, replaces the current CEO, Mr. Ido Gur. The companys Board of Directors believes that Mr. Barkans technological and business background, coupled with his deep understanding of the industry, make him a solid fit for the leadership role at SatixFy.
Management Changes
SatixFy Announces First Quarter 2023 Results
growth-positive
SatixFy's Fully Digital Beam-Hopping Payload Successfully Launched on OneWeb's JoeySat Satellite
SatixFy Communications Ltd. has successfully launched the OneWeb JoeySat Satellite, designed to offer high-speed internet connectivity anywhere on Earth. The satellite was developed under a £32 million grant from the UK Space Agency, via the Sunrise Partnership, a project between the European Space Agency and telecommunications operator, OneWeb. The satellites advanced digital regenerative payload was built, tested, and fully qualified by SatixFy. The payload is fully software defined and will be reconfigurable in orbit.
PartnersInvestment
SatixFy Announces Full Year 2022 Results
SatixFy and Presto Engineering Partner to Test and Qualify Radiation Hardened Space-Grade ASICs for Next-Gen Satellite Communications
Satixfy Announces Succesful Demonstration for its new Antenna Together with OneWeb Technologies and Air Force Research Lab
ReOrbit Signs a Deal With SatixFy to Co-Develop the On-Board Processor for ReOrbit’s Highly Flexible Software-Defined Satellite Gluon
SatixFy and Kythera Space Solutions Partner to Deliver Advanced Payload Solutions for LEO Constellations
SatixFy to Showcase its Latest Innovations at Satellite Show 2023
SatixFy Signs Deal & Partnership MOU with Astrome to Develop 5G GigaMesh 2.0 Terrestrial Backhauling Product
growth-positive
SatixFy Appoints Ido Gur as Its New Chief Executive Officer
SatixFy Communications Ltd., a leader in next-generation satellite communication systems, has announced the appointment of Mr. Ido Gur as its new CEO, effective from January 15th. Mr. Gur replaces Mr. David Ripstein and brings over 20 years of senior management experience in various industries, including telecommunications, mobile, networking, wireless and RF communications. He has also led several early-stage technology companies to successful exits. The companys board believes that Mr. Gurs commercial expertise and history of driving growth make him a good fit for SatixFy.
Management Changes
Satixfy Communications Stock is Worth a Look After Its Recent Liftoff in Price
growth-positive
SatixFy soars 255% on first day of trading
SatixFy, an Israeli technology company, completed a merger with a SPAC and went public on Wall Street. The companys valuation was initially planned at $813 million but was reduced to $365 million. On its first day of trading, SatixFys market cap increased to $1.4 billion, with a 255% jump in share price. The merger raised $29 million, and the company is expected to receive an additional amount between $13 million and $100 million. SatixFy develops satellite communications technology and employs 220 people. The companys CEO, David Ripstein, replaced founder Yoel Gat, who passed away. Ripstein believes in the potential of SatixFy and its role in advancing satellite communications.
Public TradingManagement Changes
growth-negative
Israeli satellite co SatixFy completes SPAC merger
Israeli satellite technology company SatixFy has begun trading on Wall Street after completing its merger with SPAC company Endurance Acquisition Corp. The company began trading with a valuation of $365 million, which was reduced from its original valuation of $632 million due to a lowered financial forecast. SatixFy develops products for the satellite communications industry and is now managed by CEO David Ripstein. The merger is expected to drive growth for the company and create value for its customers.
AcquisitionPublic Trading
growth-negative
נפילה בהכנסות ובשווי: סטיקספיי מאבדת חצי משווייה במיזוג ל-SPAC
Israeli technology company Stixpays has lowered its annual revenue forecast by 75% to $10 million. The company, which announced a merger with a SPAC company in March, will now merge at a significantly lower valuation of $365 million, compared to the previous valuation of $813 million. The decrease in valuation is attributed to poor company performance and changes in market conditions. Stixpays expects negative EBITDA of $20 million and negative cash flow of $21 million this year. The revised revenue forecast for 2023 is $36 million with negative EBITDA of $6 million. The company was founded by Joel Gat and is currently led by David Rifstein.
InvestmentPublic Trading
SatixFy Technology Enables First 5G link through a LEO constellation
growth-positive
SatixFy to merge with SPAC at $813 million valuation CTech
SatixFy Communications, an Israeli company that develops satellite communication systems, has announced a merger with Endurance Acquisition Corp, a publicly traded special purpose acquisition company (SPAC). The deal values SatixFy at $813 million. The combined entity will receive $201 million from Endurances trust account and $29 million from institutional investors. SatixFy has also secured a Committed Equity Facility of $75 million from CF Principal Investments. The company designs its own chips, codes its own software, and builds its own products, which it sells to satellite industry players. SatixFys CEO expects strong revenue growth and profitability in 2023 and beyond.
AcquisitionPublic Trading
growth-positive
Satixfy to Supply Telesat With Baseband Modems for Lightspeed Ground Network - Via Satellite -
Telesat has chosen Satixfy for baseband modem equipment for its Lightspeed satellite constellation. The companies have announced a manufacturing agreement for 288 of Satixfy’s Sx3099 landing station modems. This agreement comes after Telesat announced an early access program in March to validate and qualify the Sx3099 modem ASIC for use with the Lightspeed ground infrastructure.
Partners
growth-positive
סטיקספיי מפתחת מטעד דילוג-אלומה עבור הלוויין הבריטי - Techtime - חדשות אלקטרוניקה והייטק
Israeli company SatixFy is developing a revolutionary communication satellite based on Beam Hopping technology in the UK. The project is led by OneWeb and a consortium of British space industries. It has received a grant of 32 million pounds from the British Space Agency. OneWeb is jointly owned by the UK government and Indian billionaire Bharti Mittal. SatixFy will be responsible for developing the payload that performs beam hopping and the ground terminal that will receive information using the technology. The project has a very large commercial potential as it could lead to future orders of hundreds of satellite payloads and thousands of chipsets and antennas for ground terminals.
InvestmentPartners
growth-positive
SatixFy תונפק בבורסת ת"א לפי שווי של 1.4 מיליארד שקל - Techtime - חדשות אלקטרוניקה והייטק
SatixFy, a company that develops chips for satellite communication systems, is planning to go public on the Tel Aviv Stock Exchange. The company aims to raise about 325 million shekels ($100 million) at a company valuation of about 1.4 billion shekels ($430 million). The funds raised will be used mainly to finance ongoing R&D and deepen penetration into the companys main target market in the United States. SatixFys revenues in 2019 grew by 50% to about $30 million. The company also revealed that it is in advanced negotiations with one of the operators of LEO satellite systems to sell communication terminals to the terrestrial sector.
Public TradingInvestmentPartnersCustomers
growth-negative
עם אזהרת רו"ח, גת מפנטז על שווי של 1.4 מיליארד שקל לסטיקספיי
SatixFy, a satellite communications company, has seen a 64% decrease in revenue in 2020, with losses over the past two years reaching $20 million. Despite this, the company is seeking to raise 325 million shekels (approximately $422 million) through an IPO on the Tel Aviv Stock Exchange. The funds raised will primarily be used to finance research and development activities and to strengthen the companys marketing and sales operations, particularly in the US. SatixFy was founded in 2012 by Yoel Gat, who previously founded Gilat Satellite Networks.
InvestmentExpand
growth-positive
Gilat founder on course for another satellite company IPO
Yoel Gat, founder of Gilat Satellite Networks, plans to take SatixFy public on the Tel Aviv Stock Exchange at a valuation of $500 million. SatixFy, a leading provider of satellite communication technology, aims to go public in the next 4-5 months after halting its Nasdaq IPO plans due to the COVID-19 pandemic. Gat still holds over 50% of the companys shares, and his wife Simone is the companys president. SatixFy has revenue of between $30 million and $40 million a year and recently launched its new chip SX-3000B. The company has raised a total of $45 million in funding and employs 150 people with offices in Israel, Bulgaria, and the U.S.
Public TradingInvestment
growth-positive
Advancements with Ted Danson to Explore Developments in Innovative Satellite Communication Technology
SatixFy, a vertically integrated company in the satellite communications industry, will be featured in an upcoming episode of Advancements with Ted Danson. The episode will highlight SatixFys next-generation satellite communication products and systems, including their in-house developed chipsets. The company aims to bring superior connectivity for airplane passengers, as well as for ships, trains, and IoT applications. SatixFys Digital Beam Forming chip technology disrupts the industry by enabling digital electronically steered antennas. The company designs its own silicon chips and offers end-to-end systems for various applications. The episode will educate audiences about the evolving satellite communication industry and showcase SatixFys advancements.
CustomersPartners
growth-positive
SatixFy Announces World's First 1 GHz LEO/GEO Modem Chip
SatixFy Space System has announced a new modem chip that supports LEO, MEO, and GEO systems. The chip is the first to fully support the entire DVB-S2X standard and includes all Beam Hopping modes. It offers high throughput and low power consumption, making it suitable for both fixed and mobile applications. SatixFy will showcase the chip at the Satellite 2020 trade show. The company designs satellite communication systems based on its own chipsets, which increase system performance and reduce weight and power requirements.
CustomersPartners
https://www.getconnected.aero/2020/02/oneweb-satixfy-new-payload/
growth-positive
OneWeb and SatixFy to Launch a Digital Technology Pathway Payload in 2021
OneWeb and SatixFy UK plan to add a digital technology pathway payload to OneWebs launch schedule in 2021. The payload will enable satellites with a higher level of flexibility to efficiently support peaks in demand without oversizing the constellation. It will include features such as full Beam Hopping capability, On-Board-Processing subsystem, and Electronically Steered Multi-Beam Antenna. The technology will allow for higher throughput to designated areas within satellite coverage and seamless handover for mobile devices. OneWeb aims to showcase its payload technology and improve performance, efficiency, and targeted capacity in its LEO communications network services.
PartnersExpand
growth-positive
SatixFy to Supply On-board Processing ASICs to Airbus for Advanced Processed Payloads
SatixFy, a company that designs next-generation satellite communication systems, has developed the SX-4000, an advanced silicon process node that enables higher integration and lower power and mass in space. The SX-4000 uses advanced multi-GHz ADCs and DACs, JESD204C based SerDes interfaces, Quad core ARM A53 running at over 1 GHz and multiple DSPs to support the SDR digital processing functions. The company is working with Airbus on this advanced processing technology. The SX-4000 is compatible with the latest industry standards, such as DVB-S2X/RCS2 and the Annex E super-frame format 4 required for beam hopping.
Partners
growth-positive
SatixFy launches silicon-based ESA multi-beam array antenna
SatixFy UK Limited is introducing the worlds first ESMA Ku-band 256 element array antenna. The antenna can serve as a stand-alone IoT terminal or a building block for larger antennas. SatixFy is developing a complete terminal with an integrated modem for tracking multiple NGSO satellites and transferring high data throughputs. The company is currently demonstrating the antennas to interested customers. The antenna uses in-house developed chips for digital beam forming and is capable of handling wide bandwidth and managing multiple beams. Nulls can be directed towards specific interferers.
CustomersPartners
http://www.getconnected.aero/2018/02/st-engineering-jv-satixfy-inflight-connectivity/
growth-positive
SatixFy Offers First Beam Hopping System and Emulator
SatixFy, a leading provider of baseband modem and antenna chips, products and solutions, has developed an Emulator for Beam Hopping systems. The emulator allows customers to research, develop, and test various aspects of the beam hopping architecture. SatixFy is the first in the market to support beam hopping and believes it will be the next evolution of HTS and UHTS, increasing satellite capacity and reducing power consumption. The Emulator will be publicly presented at the SATELLITE 2017 trade show. iDirect, a satellite operator, is using SatixFys ASIC chipset in their newly introduced iQ Series remote.
CustomersPartners
growth-positive
Satnews Publishers: Daily Satellite News
Advantech Wireless and SatixFy have collaborated to create the new Advantech Wireless C7700 VSAT Router based on SatixFys SX-3000 SoC baseband chip. The router is part of the Advantech Wireless Compact VSAT Series and is optimized for next-generation High-Throughput-Satellite (HTS) systems. It can operate at 500Mbps with a single DVB-S2X carrier of up to 125MHz and 256APSK LDPC coding and modulation. The collaboration allows Advantech Wireless to provide their customers with advanced satellite communication capabilities. SatixFys solution supports DVB-S2X and ensures that todays deployed networks can continue operating on new platforms. The announcement was made at Satellite 2017.
Partners
growth-positive
SatixFy and GetSat Announce First COTM Terminal Operating in DVB-S2X Very Low SNR Mode
SatixFy and GetSat announce the live testing and commercial availability of an integrated terminal solution based on SatixFys SX-3000 baseband chip. The solution is the first in the market based on DVB-S2X VLSNR mode, opening up new applications for government, military, and commercial needs. SatixFy is the first company to provide a fully integrated chip that supports the complete DVB-S2X standard. The partnership with GetSat allows for the design of compact and low-power solutions with advanced satellite communication capabilities. SatixFy aims to help customers gain a sustainable advantage in their markets.
Partners
growth-positive
Satellite communications co SatixFy raises $25m
Israeli satellite communications company SatixFy is raising $25 million in a financing round led by Catalyst CEL Fund. The companys technology reduces the cost, size, weight, and power consumption of user-terminals for satellite communications. SatixFy targets markets such as the Internet of Things and M2M applications. The funding will be used for product and silicon design developments and market reach. SatixFy has raised nearly $30 million to date. The Catalyst CEL Fund aims to support the growth of innovative Israeli companies and promote Chinas high-tech industry. The investment highlights the focus on satellite communication in Israels market. SatixFys previous experience in China and partnership with China Everbright Limited will help the company enter the Chinese market.
InvestmentExpand
SatixFy Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 84 |
| Team members | 7 |
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SatixFy Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514793991 |
| Crunchbase | satixfy |
| Phone | +97289393200 |
| Last updater | Ayelet Levi Shinebox |
| Updater email | ayeletlevis@sncentral.org |
| Last update | 2024-01-18T00:00:00.000Z |
| Created | 2014-11-23T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by MDA Space on Jul, 2025 |