SatixFy Communications Shares Lift Off in Premarket Trading on $193 Mln MDA Space Buyout

Dow Jones

Apr 01, 2025

By Adriano Marchese

SatixFy Communications shares soared in premarket trading after MDA Space said it would acquire the business for $193 million.

Shares traded 66% higher at $1.99.

The two companies said Tuesday that MDA, a Canadian space technology company, will pay $2.10 for each SatixFy share. SatixFy shares have been under pressure in 2025, down about 22% since the year began. The stock closed at $1.20 a share on Monday.

MDA aims to bolster its end-to-end satellite systems offering as demand for new digital satellite communications continues to accelerate.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 01, 2025 08:54 ET (12:54 GMT)

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SatixFy shares have been under pressure in 2025, down about 22% since the year began. The stock closed at $1.20 a share on Monday. \n\n\n  MDA  aims to bolster its end-to-end satellite systems offering as demand for new digital satellite communications continues to accelerate. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2025 08:54 ET (12:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}