Satixfy Communications Ltd. (SATX) Soars Amid Acquisition and Revenue Growth Amid Tech Sector Woes
ByAinvest
Thursday, Apr 24, 2025 8:44 am ET1min read
SATX--
Satixfy Communications Ltd. (SATX) is a leader in next-generation satellite communication systems, with a stock up significantly in 2025 due to the announcement of its acquisition by MDA Space for $2.10 per share. The acquisition implies an equity value of approximately $193 million and came after the company announced strong full-year 2024 results, showing 92% growth in revenue year-over-year to $20.6 million.
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