MDA opened a 1,400-square-meter facility production facility in Montreal in 2023 with a clean room, shown above. The company is also adding a 26,000-square-meter extension to an existing facility nearby, more than doubling its constellation manufacturing space to reach the capacity to build two satellites a day. Credit: MDA Space

TAMPA, Fla. — Canada’s MDA Space has increased its offer for SatixFy by 43% following a competing bid for the Israeli satellite chipmaker, bringing the total value of the deal to around US$356 million.

To continue reading this article:

Register now and get
3 free articles every month.

You’ll also receive our weekly SpaceNews This Week newsletter every Friday. Opt-out at any time.

Sign in to an existing account

Get unlimited access to
SpaceNews.com now.

Use code SNLAUNCH for 30% off your first payment.

Subscriptions renew automatically at full price. Cancel anytime. Sales tax may apply. No refunds. Only one discount code valid per subscription.

See all subscription options

Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...