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SatixFy, a Leader in Next-Generation Satellite Communication Systems, to Go Public via Combination with Endurance Acquisition Corp.

SatixFy is a vertically integrated fabless semiconductor chip company providing products based on in-house developed chips across the entire satellite communications value chain

SatixFy customers include a list of significant players in the satellite telecom industry, such as Telesat, OneWeb, Airbus and others.

This transaction along with a recently completed capital raise will result in up to $350 million in gross proceeds assuming no trust redemptions, including a $29 million PIPE with participation from key institutional investors including Sensegain Group and Antarctica Capital, and a Committed Equity Facility of up to $75 million from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald. In addition, the Company recently closed on an additional financial commitment of $55 million from Francisco Partners.

Transaction implies a pro forma implied equity value of the combined company at approximately $813 million.

NEW YORK & REHOVOT, Israel, March 08, 2022 (SatixFy Communications/Endurance Acquisition Corp PR) — SatixFy Communications Ltd. (“SatixFy”), a leader in next- generation satellite communication systems based on in-house developed chipsets, and Endurance Acquisition Corp. (“Endurance”) (NASDAQ: EDNC), a publicly traded special purpose acquisition company formed by an affiliate of Antarctica Capital, an international private equity firm with $2 billion of assets under management, announced today a definitive merger agreement that will result in SatixFy becoming a publicly listed company.

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  • Parabolic Arc
  • March 9, 2022
Where Should Future Astronauts Land on Mars? Follow the Water
In this illustration, NASA astronauts drill into the Mars’ subsurface. The agency is creating new maps that show where ice is most likely to be easily accessible to future astronauts. (Credit: NASA)

A new NASA paper provides the most detailed map to date of near-surface water ice on the Red Planet.

PASADENA, Calif. (NASA PR) — So you want to build a Mars base. Where to start? Like any human settlement, it would be best located near accessible water. Not only will water be crucial for life-support supplies, it will be used for everything from agriculture to producing the rocket propellant astronauts will need to return to Earth.

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  • Parabolic Arc
  • February 11, 2021