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 […]