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SatixFy Communications ( (SATX) ) has issued an update.
On March 17, 2025, SatixFy Communications announced the signing of over $10 million in agreements with MDA Space, including a $6.7 million purchase order for engineering models and space-grade chips, and a $3.5 million amended Authorization to Proceed agreement. These agreements enhance SatixFy’s collaboration with MDA Space, emphasizing the growing demand for its advanced space-grade chips and digital beamforming technology, and solidifying its role as a key enabler in next-generation satellite communications.
More about SatixFy Communications
SatixFy Communications Ltd., headquartered in Rehovot, Israel, is a leader in next-generation satellite communication systems. The company develops end-to-end solutions including satellite multi-beam digital space antennas, flat panel user terminals, and modems based on powerful in-house designed chipsets. SatixFy’s products are optimized for various mobile applications and services, supporting multi-orbit satellite communications systems such as LEO, MEO, and GEO.
YTD Price Performance: -32.02%
Average Trading Volume: 297,616
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $102.6M
For a thorough assessment of SATX stock, go to TipRanks’ Stock Analysis page.