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SatixFy forecasted revenues to grow from $22,000,000 in 2021 to $374,000,000 in 2026.
SatixFy’s shares closed on 2022-10-28 at $29.39, up from a $20.92 opening price that day.
SatixFy expects to raise up to $230,000,000 in gross proceeds from its merger with Endurance Acquisition Corp.
Yoel Gat, SatixFy’s co-founder and former CEO, died from cancer a month after announcing the SPAC merger in March 2022.
Telesat plans to use SatixFy modems for the landing station antennas needed to connect to its proposed LEO network.
Endurance Acquisition Corp plans to merge with Israeli satcom equipment maker SatixFy 2022.
SatixFy offers a COTM antenna for defense customers based on a similar platform that is designed to be installed on any ground-moving vehicle.
Onyx Aero uses SatixFy’s multi-beam ESMA and software-defined radio technology to connect to LEO and GEO Ku-band satellite constellations simultaneously.
Simona Gat, SatixFy’s President and UK CEO, supports Onyx Aero as an opportunity to improve the in-flight experience and to provide the level of connectivity the aviation industry is seeking based on SatixFy’s in-house capabilities.
SatixFy’s COTM antenna can operate using GEO, LEO, and MEO satellites.
The ESA 0.005 kg/0.006 kg Hub at the ESA/ECSAT Harwell site was connected through OneWeb satellites using a super-flat advanced antenna made by SatixFy UK for mobility services.
The SatixFy compact electronically steered multi-beam array can be integrated into 0.005 kg equipment to allow end-to-end access to a LEO constellation network via a 0.005 kg signal.
The SatixFy user terminal antenna performed multiple satellite and beam handovers and frequency hopping over the OneWeb LEO network at 1,200 km while maintaining a simultaneous and continuous link with a GEO satellite at an altitude of 36,0 m.
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.
OneWeb and SatixFy are developing a hybrid, multi-beam, multi-constellation solution to enable mobility customers such as airlines, train operators, and coach companies to leverage the OneWeb LEO network, terrestrial 0.005 kg, and legacy GEO satellite networks.
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., 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 named David Ripstein as CEO on 2022-06-23 to lead the company’s planned transformation into a public company.