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
Starlink services have already secured regulatory approvals in Jordan, Oman, Qatar, Bahrain, Yemen, and Lebanon, with the UAE authorising Starlink for maritime operations
Space42’s Foresight Constellation provides persistent, high-resolution imaging regardless of weather
The report notes the UAE’s strategic commitment to space, with a $443m investment in civil space for 2024
The venture will combine satellite and terrestrial networks using a 3GPP non-terrestrial network compliant platform that can be accessed by standard smartphones and IoT devices
The company plans to complete the first phase of the constellation by the end of 2025, with 72 satellites in orbit, enabling real-time global coverage
Sustained operational optimisation, focused capabilities and strategic execution drove resilient H1 performance and higher profit margins
The financing represents a pivotal step in Space42’s strategy to establish critical connectivity capabilities across multiple orbits
The 40th anniversary serves as both a celebration of past achievement and a reaffirmation of the kingdom’s long-term vision for space exploration and technological progress
Sheikh Hamdan stressed the importance of long-term investment, innovation, and strategic public-private collaboration in cementing the UAE’s position as a global space hub
The business development director at Orbitworks, shares how the venture is fusing global expertise with national priorities to deliver sovereign satellite capabilities,
The Saudi space market is projected to reach $5.6bn by 2035, supported by advancements in space technologies
The Emirates Mission to the Asteroid Belt, which will begin its spacecraft development phase, is expected to last a total of 13 years
Once operational in low Earth orbit, MBZ-SAT will be monitored from MBRSC’s Mission Control Centre, where teams will analyse the data transmitted back to Earth
The contract underscores Space42’s pivotal role in the UAE’s strategic ambitions for secure, next-generation communication infrastructure
Private sector financing now accounts for 44.3 per cent of the total investment in the UAE’s space sector
The venture seeks to address the growing demand for high-resolution imagery and data from SAR satellites, which can be applied across various use cases
The space firm will create advanced facilities for designing, building, testing, and integrating various satellite components
UAE women are driving advancements in the new space economy, with emerging roles in the satellite sector offering vast opportunities for growth and leadership
These satellites are expected to eventually replace the older Al Yah 1 and Al Yah 2, launched in 2011 and 2012, respectively
Starliner, would compete head-to-head with the SpaceX capsule, which since 2020 has been NASA’s only vehicle for sending ISS crew members to orbit from US soil
The managing director designate of Space42 shares how the company will combine geo analytics and satcom capabilities with AI to offer new solutions and services to clients across the region
Set for launch no earlier than October, the launch of the MBZ-SAT marks a significant milestone for UAE’s space sector
By leveraging the combined strengths of Bayanat and Yahsat, SPACE42 aims to pioneer innovative solutions that merge satellite communications, geospatial intelligence, and AI
Funding for global space startups rose to $6.5bn in the first quarter ended March 31, from $2.9bn a year earlier
The exact timing of the eclipse varies by state and time zone across the North American continent, with visibility contingent upon weather conditions
The upcoming total solar eclipse slated for April 8 is set to be one of the most significant astronomical occurrences of the year.
This Earth-observation cubesat, a miniaturised satellite measuring just 10cm x 10 cm x10 cm, is slated for launch by the end of 2024
The NASA programme further expanded astronauts’ skill set to cover critical areas such as spacewalking, robotics and piloting the T-38 training jet