Why These 15 Tech Stocks Are up the Most So Far in 2025

Page 2 of 14

13. SatixFy Communications Ltd (NYSEAMERICAN:SATX)

Number of Hedge Fund Holders In Q4 2024: 2

SatixFy Communications Ltd (NYSEAMERICAN:SATX) is a leader in next-generation satellite communication systems based on in-house-developed chipsets.

The stock is up significantly so far in 2025 due to the announcement that MDA Space will acquire all outstanding shares of SatixFy in an all-cash transaction for $2.10 per share. This implies an equity value of approximately $193 million and came on the same day SatixFy announced strong full-year 2024 results showing 92% growth in revenue year-over-year to $20.6 million. The acquisition news caused SatixFy’s stock to surge by 65.83% in a single trading day.

Before the acquisition announcement, SatixFy had already been gaining momentum through significant business developments. The company secured approximately $2.3 million from the UK Space Agency for software development for digital satellite payloads. SatixFy also signed a milestone $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat’s Lightspeed Network and secured over $10 million in new agreements with MDA Space for engineering models and space-grade chips.

The acquisition by MDA Space will bring to MDA a differentiated technology portfolio, including more than 60 patents issued and pending. It also includes SatixFy’s talented technical employee base of approximately 165 people globally who specialize in satellite communication technology.

The consensus price target of $2.25 implies 11.9% upside.

SATX stock is up 31.37% year-to-date.

Page 2 of 14