Space42 is an Emirati AI powered space technology company formed on 1 October 2024 through the merger of the satellite operator Yahsat and the geospatial data company Bayanat, and listed on the Abu Dhabi Securities Exchange at a valuation of about three billion dollars. It combines two business units, Yahsat Space Services for satellite communications and Bayanat Smart Solutions for geospatial data and artificial intelligence, and it operates a fleet of geostationary satellites including Al Yah 1, Al Yah 2, Al Yah 3, Thuraya 2 and Thuraya 3. The company is expanding its fleet with the synthetic aperture radar satellite Foresight-1, launched in August 2024 as part of the United Arab Emirates Earth observation program, with further satellites planned through 2028.
Facts
Partially Attested
HeadAnnouncement made before the merger completed; the current office-holder is not re-verified Founded Year In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Orbit Codex: Space42 organization profile
Orbit CodexOrigin and leadershipQuote, Origin and leadership
Space42, the MENA region's first AI-powered space technology company with global reach, was founded in 2024.
2. Abu Dhabi Media Office, Space42 board of directors and Managing Director
Paragraph 3Quote, Paragraph 3
Karim Michel Sabbagh will join as Managing Director of Space42
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.