A SatixFy chip. Photo: SatixFy

MDA Space has closed its acquisition of SatixFy Communications to bring SatixFy’s satellite communication chipsets in-house. 

SatixFy’s operations and full technology portfolio will be integrated into the Satellite Systems business area of MDA Space, the company said in a July 2 update on the deal. SatixFy is based in Israel and MDA Space is based in Canada. 

SatixFy’s shares are expected to be de-listed from the NYSE American market in the coming days. 

MDA Space had to pay more to acquire SatixFy than it originally planned after a “go-shop” process brought in a higher bid than MDA Space’s $193 million purchase price. MDA Space agreed to acquire the company in an all-cash transaction that values SatixFy at approximately $280 million.

SatxiFy develops space-grade chip technology including an advanced processor, digital multi-beam chip, along with landing stations and terminals. Its technology is a key component of MDA Space’s Aurora satellite platform, which supports the Telesat Lightspeed constellation.

MDA Space previously acquired the company’s digital payload division in 2023, but moved to acquire the full company in April of this year. 

SatixFy recently reported $4.9 million in revenue in the first quarter of 2025, more than doubling its revenue year-over-year. The company reported that $4 million was from development services and preproduction, and $900,000 was from product sales.