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
The financing represents a pivotal step in Space42’s strategy to establish critical connectivity capabilities across multiple orbits
The contract underscores Space42’s pivotal role in the UAE’s strategic ambitions for secure, next-generation communication infrastructure
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
The launch, a collaboration with SAR specialist ICEYE, marks a major milestone in the UAE’s space ambitions.
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
By leveraging the combined strengths of Bayanat and Yahsat, SPACE42 aims to pioneer innovative solutions that merge satellite communications, geospatial intelligence, and AI
The merger’s fruition is contingent upon meeting various conditions, including regulatory approvals from entities such as the SCA, ADGM Registration Authority, and other regulatory bodies