space42

In the Gulf, the SAR intelligence market is worth up to $2bn annually, part of a global sector expected to reach nearly $10bn by 2030, says the Space42 exec

Space42 confirms Thuraya services remain fully operational with no disruption after a missile-related incident in Sharjah, as UAE air defences intercept threats

Space42 also announced plans to launch Equatys with Viasat to develop direct-to-device satellite connectivity based on 5G non-terrestrial network standards

Space42 closed the period with $755m in cash and short-term deposits, contracted future revenue of $6.7bn, and a newly secured $696m ECA-backed financing facility

The Foresight Constellation, which now includes five operational satellites, integrates SAR imagery with Space42’s AI geospatial platform, GIQ, to deliver real-time, decision-grade intelligence

Since 2021, Space42 has logged over 600,000 kilometres of autonomous driving and completed 20,000 passenger trips through TXAI, its flagship robotaxi service

Space42’s Foresight Constellation provides persistent, high-resolution imaging regardless of weather

Space42 will lead application deployment, regulatory engagement and adoption through pilots, demonstrations and rollouts

Sustained operational optimisation, focused capabilities and strategic execution drove resilient H1 performance and higher profit margins

The five-year initiative, called the ‘Map Africa Initiative’, aims to support more than 1.4 billion people by improving access to geospatial data and intelligent solutions across the continent