Space42, the UAE-based AI-powered SpaceTech company, and Dynamic Map Platform North America (DMP), the US-based subsidiary of Japan’s Dynamic Map Platform, have signed a long-term agreement to provide the HD map for General Motors’ Super Cruise advanced driver-assistance system (ADAS) in the UAE. Signed during the Dubai World Congress, the agreement will enable Space42 to […]
Emirates-based Space42 and California-based Viasat have created Equatys, described as a joint-held entity, to enable global Direct-to-Device (D2D) services and evolving existing and planned Mobile Satellite Services (MSS) to a 5G network environment. Equatys will serve to unite satellite and terrestrial networks leveraging a 3GPP Non-Terrestrial Network (NTN) Release compliant platform accessible to standard smartphones […]
GSOA has announce the appointment of Ali Al Hashemi, CEO of Space Services at Space42, as its new Chair of the Board, alongside two new Vice Chairs: Adel Al-Saleh, CEO of SES, and Jane Nkechi Egerton-Idehen, CEO of NIGCOMSAT. GSOA represents the full satellite ecosystem, from established operators to emerging innovators across all orbits and […]
UAE-based satellite and analytics business Space42 (the Yahsat satellite and Bayanat analytics company merged in 2024) has reported a 15 per cent decline in revenues to $226 million (€193.5m) in the half-year to June 30th, citing a slowdown in signing expected contracts. Space42 confirmed that it expects to make an announcement later this year as […]
Space42, the Emirates-based SpaceTech business, has signed financing facilities worth $695.5 million (€592m), backed by Export Credit Agency guarantees to fund Space42’s two next-generation geostationary satellites Al Yah 4 and 5. The borrowings are arranged by Crédit Agricole CIB, Santander CIB, Societe Generale and Natixis and backed by Bpifrance Assurance Export. The satellites are set […]
Abu Dhabi-based Space42 has reported a 13 per cent decline in revenue and a 40 per cent decline in adjusted EBITDA for the three months ending March 31st 2025. However, the company says it expects revenues to improve as the year progresses. One of the key reasons for the financial decline is a delay in […]
Viasat of California, which already circles the globe with its fleet of Viasat and Inmarsat geostationary satellites, is to build a low Earth orbiting (LEO) fleet. Viasat will partner with Abu Dhabi-based Space42 which operates the profitable Thuraya fleet of speciality satellites. The agreement was announced at the Washington Satellite 2025 show. Space42 has signed […]
Space42 is the newly-established combination of Abu Dhabi’s Al Yah (YahSat) and Bayanat AI, which operates the Thuraya fleet of satellites. Its latest, Thuraya 4, was launched on January 3rd into its transfer orbit and on its way to a location at 44 degrees East. The company says that Thuraya 4 has a firm backlog […]