Verified facts grounded in source documentation.
SatixFy will provide the modem and beamforming software for SatixFy chipsets to be used in digital satellite broadband LEO payloads under the agreement with MDA Space.
SatixFy reported a net loss of $28,100,000 for the nine months ending 2023-09-30, compared with a $16,800,000 net loss for the same period in 2022, mainly because of higher research and development costs.
Yoel Gat, SatixFy’s co-founder and former CEO, died from cancer a month after announcing the SPAC merger in March 2022.
SatixFy expects to raise up to $230,000,000 in gross proceeds from its merger with Endurance Acquisition Corp.
SatixFy partnered with OneWeb under the ESA Sunrise Partnership Project with support from the UK Space Agency to develop a compact electronically steered multi-beam array suitable for mobility services over both LEO and GEO satellites simultaneously.
On 2022-03-08, SatixFy entered into a definitive business combination agreement with Endurance Acquisition Corp.
SatixFy expects to be essentially break-even in 2022 and to generate $23,000,000 in EBITDA in 2023.
SatixFy expects to generate $113,000,000 in EBITDA in 2026.
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.
On 2022-03-08 SatixFy entered into a definitive business combination agreement with Endurance Acquisition Corp. (NASDAQ: EDNC).
SatixFy received a $55,000,000 loan from California-based private equity firm Francisco Partners.
SatixFy expects to raise up to $230,000,000 in gross proceeds from the merger with Endurance Acquisition Corp depending on SPAC shareholder redemptions ahead of closing 2022.
SatixFy entered a deal with Canadian satellite operator Telesat to gain early access to modem chips that can support beam hopping for Telesat’s Lightspeed LEO constellation.
Satixfy will have components on a single OneWeb satellite expected to launch in 2021.
Satixfy plans to develop terminals that support Ka-band satellites and has not provided a timeline for those products.