SatixFy Communications is an Israeli fabless semiconductor company that designs chips and systems for satellite communications. SatixFy targets the full satellite communications value chain — from satellite payloads in space, to user terminals on the ground, to in-flight connectivity terminals on aircraft. SatixFy's core products are modem chips (the SX-3000 series for ground terminals and the radiation-hardened SX-4000 for satellite payloads) and antenna chips (PRIME and BEAT) that enable electronically steered multibeam antennas capable of simultaneously tracking multiple satellites across LEO, MEO, and GEO orbits. SatixFy sells these chips on a stand-alone basis or bundled into terminal and payload subsystems, and also generates revenue from software licenses. Manufacturing is outsourced to GlobalFoundries. Customers are primarily satellite operators, payload manufacturers, and systems integrators. Revenue is highly concentrated — the top three customers accounted for roughly 95% of FY24 revenue. A key relationship is with MDA Space, which uses SatixFy's payload chips and entered into a merger agreement to acquire SatixFy in April 2025 for $2.10 per share in cash, with closing expected in Q3 2025. The business is R&D-intensive, with SatixFy having spent over $271M on R&D since inception, substantially offset by grants from the European Space Agency and Israel's Innovation Authority. Backlog stood at approximately $88M as of end-2024.