SatixFy soars after MDA Space's deal to buy satellite chipmaker

ReutersApr 1, 2025 2:00 PM

Shares of satellite chipmaker SatixFy Communications SATX.A rise 65% to $1.98

SATX to be acquired by Canada-based space firm MDA Space MDA.TO for $2.10/shr in an all-cash transaction, a 75% premium to SATX's last close, cos say

Deal values SATX at about $193 million in equity value

Deal expected to close in Q3 2025

Acquisition aims to enhance MDA Space's end-to-end satellite systems as demand grows

Deal expected to be accretive to MDA Space's earnings by 2027

Including session move, SATX up 29.7% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Today’s Market Recap: AI Leadership Shifts and Macro Policy Jitters Drive Market Volatility

US stocks closed mixed, while the AI industry landscape underwent dramatic changes: Anthropic's valuation surpassed OpenAI's, marking a shift towards its xAI strategy. Geopolitical and tariff rulings triggered volatility, causing CoreWeave to plummet after its earnings report.

Tesla Opens Up Over 2%, Shares Return to $400, Here Is What Investors Need to Note

TradingKey - During the US market opening session on May 7, Tesla (TSLA.US) shares extended their rebound momentum, rising more than 2% at one point to open at $406, returning above the $400 level. On May 5 and 6, the stock touched the $400 mark intraday but closed below that threshold on both days.

SpaceX IPO Approaches: Musk Dissolves xAI into SpaceX and Subleases 300MW Compute to Anthropic; Can the $2 Trillion Valuation Hold?

TradingKey - On Wednesday (May 7), Anthropic reached an agreement with Elon Musk's SpaceX to access SpaceX's massive data center 'Colossus 1.' Meanwhile, Musk announced that xAI would be dissolved as an independent company and renamed SpaceXAI, becoming an AI product line within SpaceX. Can SpaceX's

Gold Price Forecast: U.S.-Iran Tensions Ease, Nonfarm Payrolls Looming, What’s Next for Gold?

TradingKey - After retesting the $4,500 level this Monday, gold prices (XAUUSD) staged a strong recovery of over $200 across Tuesday and Wednesday, breaking above the $4,700 mark. As of press time today (May 7), the gold price maintains its upward momentum, trading at $4,748.77. The $4,800 threshold

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools