SatixFy is a satellite communication systems company that develops next-generation solutions, including multi-beam digital antennas, user terminals, and modems, based on its in-house designed chipsets. They provide advanced ASICs (Application-Specific Integrated Circuits) that improve satellite communication performance and reduce the weight and power requirements of equipment. SatixFy's technology supports LEO, MEO, and GEO satellite communications and partners with companies like MDA Space and OneWeb. Their solutions cater to various mobile applications, including in-flight connectivity and communications-on-the-move services.
All verified mentions of this organization in source documents.
On 2022-06-28, a demonstration at the ESA/ECSAT facilities in Harwell achieved the first-ever 0.005 kg backhaul communications connected to a LEO satellite constellation using a compact electronic antenna powered by SatixFy to connect to a OneWeb LEO constellation.
On 2022-03-08, SatixFy entered into a definitive business combination agreement with Endurance Acquisition Corp., a publicly traded special purpose acquisition company formed by an affiliate of Antarctica Capital.
SatixFy intends to use the cash injection from the business combination transaction to launch an aggressive sales strategy.
On 2022-03-08, SatixFy entered into a definitive business combination agreement with Endurance Acquisition Corp.
SatixFy forecasted revenues to grow from $22,000,000 in 2021 to $374,000,000 in 2026.
The merger deal values the combined SatixFy and Endurance Acquisition Corp company at $813,000,000.
SatixFy plans to trade shares on Nasdaq by merging with Endurance Acquisition Corp, a special purpose acquisition company, in the second half of 2022.
SatixFy named David Ripstein as CEO on 2022-06-23 to lead the company’s planned transformation into a public company.
David Ripstein will assume his new role at Israel-based SatixFy on 2022-06-27.
SatixFy expects to generate $113,000,000 in EBITDA in 2026.
The merger with Endurance Acquisition Corp could potentially raise up to $230,000,000 for SatixFy’s expansion plans.
SatixFy expects to be essentially break-even in 2022 and to generate $23,000,000 in EBITDA in 2023.
SatixFy plans to trade shares on Nasdaq later 2022 by merging with Endurance Acquisition Corp, a special purpose acquisition company, in a deal announced 2022-03-08 that could potentially raise up to $230,000,000 for its growth plans.
SatixFy’s merger with Endurance is backed by New York-based private equity firm Antarctica Capital and values the combined group at about $813,000,000.
Yoav Leibovitch was named interim CEO of SatixFy and will continue his duties as chief financial officer while filling Gat’s leadership responsibilities until a successor takes the position on 2022-06-26.
On 2022-03-08 SatixFy entered into a definitive business combination agreement with Endurance Acquisition Corp. (NASDAQ: EDNC).
Yoel Gat is Co-Founder and CEO of SatixFy and has 35 years of experience creating value in the satellite sector, including founding Gilat Satellite Network and RaySat, Inc.
SatixFy has high visibility to at least $40,000,000 in 2022 revenue from contracts with existing customers.
SatixFy projects a $20,000,000,000 market opportunity in 2029 across segments including ground terminals, payloads for Low Earth Orbit broadband satellites, and commercial and business aircraft.
SatixFy projects a total addressable market opportunity of $20,000,000,000 in 2029 across ground terminals, payloads for Low Earth Orbit broadband satellites, and commercial and business aircraft segments.