The HAPS facility is part of Space42’s broader investments in vertically integrated manufacturing and data infrastructure
SPACE42
Latest in SPACE42
Abu Dhabi
Space42 focused on building for future growth with its Four Pillars
Abu Dhabi-based SpaceTech company reveals its strategy for growth after muted Q1 result in which revenue fell 13% to $115mn
Connectivity
Space42 partners with Gatehouse to enable standard smartphone satellite connectivity
UAE-based spacetech firm Space42 successfully demonstrates direct-to-device connectivity over L-band satellites, plans commercial rollout in Q4 2025
Connectivity
Space42, Cobham Satcom unveil IP NEO satellite broadband for critical sector connectivity
The IP NEO is designed to support industries that demand secure and uninterrupted communications
Connectivity
Space42 and Viasat to explore shared global 5G Non-Terrestrial Network
Will address growing opportunities in direct-to-device satellite communications to smartphones – a market that is expected to reach $50bn in 2032
Artificial intelligence
Space42 and EDGE form JV to create advanced Earth Observation capabilities
Beyond defence and security applications, it will drive environmental monitoring, urban planning, resource management and smart mobility
communication
UAE’s Space42 deploys second SAR satellite with ICEYE collaboration
The second phase of the constellation will continue to boost Space42’s geospatial insights and capabilities with increased speed and precision
Connectivity
Thuraya 4 set to enhance Space42’s capabilities after successful launch
The highly-advanced sixth geostationary satellite will help the UAE-based SpaceTech company’s plans to introduce 15 new products
satellite communications
UAE government awards $5.1 billion, 17-year contract to Space42
It includes procurement of Al Yah 4 and Al Yah 5 advanced satellites and confirms earlier Capacity and Managed Services mandate
Airbus
Airbus delivers UAE’s latest telecom satellite to Florida launch site
Space42 says the new satellite will enable the company to introduce more than 15 new products once operational
Abu Dhabi
Space42 appoints Q Market Makers as liquidity provider
Will contribute to a more robust and dynamic market environment, delivering added value for investors
satellite
Space42 EBITDA and net income grows despite revenue decline
Company reports 9-month pro forma results following the completion of merger between Bayanat and Yahsat in October
Bayanat
ADX: Bayanat to change name to Space42 following Yahsat merger on October 1
Bayanat and Yahsat to merge on October 1 to form Space42
Bayanat
Bayanat, Yahsat shareholders approve merger to create SPACE42
The merger is subject to further regulatory approvals in the UAE and internationally