24/7 Market News Snapshot 01 April, 2025 – SatixFy Communications Ltd. (NYSE:SATX)
DENVER, Colo., 01 April, 2025 (247marketnews.com) – (NYSE:SATX) are discussed in this article.
SatixFy Communications Ltd. has captured significant attention in the stock market as it witnesses a notable increase in pre-market trading, with shares priced at $2.005, reflecting an impressive rise of over 67% from a previous close of $1.200. This surge has been accompanied by a trading volume of 2.95 million shares, signaling robust investor interest and a potential breakout opportunity in the telecommunications sector.
In a strategic move that could reshape the landscape of global space communications, MDA Space Ltd. has announced an agreement to acquire SatixFy Communications Ltd. at a valuation of $2.10 per share, representing a generous 75% premium over SatixFy’s closing price on March 31, 2025. The total value of this transaction is approximately $193 million. This acquisition aligns with MDA Space’s ambition to enhance its suite of satellite offerings amidst growing demand for digital satellite constellations.
SatixFy has distinguished itself through the development of advanced semiconductor technologies, including its radiation-hardened chipsets and digital beamformers that significantly boost satellite capabilities. Mike Greenley, CEO of MDA Space, highlighted that this acquisition is pivotal for strengthening their technological portfolio and meeting the evolving needs of their customers.
Nir Barkan, CEO of SatixFy, expressed that joining forces with MDA Space is a recognition of their team’s commitment and innovation over the past decade. He stated that this acquisition presents an essential opportunity for scaling operations and driving further advancements in the field.
The transaction is expected to close in the third quarter of 2025, contingent upon customary regulatory approvals. MDA Space forecasts the realization of cost efficiencies soon after integration, reinforcing its competitive edge in a rapidly evolving satellite communications market projected for expansive growth driven by software-defined technology. This collaboration between MDA Space and SatixFy heralds a new era in satellite communications solutions, positioning both companies for sustained success in the sector.