Space42 PLC (SPACE42)

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News

26 February 02:01 PM Space42’s consolidated revenues hit $577m in 2025

Abu Dhabi - Mubasher: Space42 registered an annual drop of 40% in normalized net profits attributable to the shareholders to $79 million during 2025. Consolidated revenues stood at $577 million as of 31 December 2025, marking an 8% decrease …

Financial Results

25 September 2025 07:43 AM Space42 to launch UAE’s 1st sovereign mobility cloud

Dubai - Mubasher: Space42 is developing the UAE’s first Sovereign Mobility Cloud, powered by Core42’s Public Cloud on Microsoft Azure. The platform will speed up autonomous mobility deployment while keeping data secure and UAE-compliant, according …

Global Economy

17 September 2025 09:37 AM Space42, Viasat to launch Equatys JV for global D2D 5G service

Abu Dhabi- Mubasher: Space42 and Viasat, a global leader in satellite and secure communications, plan to form a joint venture (JV) to provide direct-to-device (D2D) services and upgrade mobile satellite services (MSS) to 5G. The venture, known as …

Global Economy

13 July 2025 11:43 AM Space42’s board greenlights $695.5m financing deal

Abu Dhabi – Mubasher: The board of Space42 has approved the entry of its subsidiaries into a proposed financing transaction with various financial institutions valued at $695.50 million. The facility deal comes within the framework of the Al Yah 4 …

Companies Investments

19 May 2025 01:31 PM Space42 launches first-of-kind HAPS manufacturing center in MENA

Abu Dhabi – Mubasher: Mira Aerospace, a subsidiary of Space42, has opened MENA’s first High Altitude Platform Stations (HAPS) manufacturing facility in Abu Dhabi, according to a press release. Spanning 4,500-square-meter land plot, the new center …

Global Economy

2 October 2024 11:32 AM Space42 debuts on ADX following merger of Bayanat, Yahsat

Abu Dhabi - Mubasher: Space42 commenced trading on the Abu Dhabi Securities Exchange (ADX) following the successful merger completion of Bayanat AI and Al Yah Satellite Communications Company (Yahsat). Space42, which was announced in December …

Companies Investments

18 August 2024 08:53 AM Bayanat, Yahsat launch UAE’s 1st SAR satellite

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit. The two companies partnered with ICEYE to carry out the launch …

Global Economy

20 June 2024 06:29 PM Bayanat, UK’s Oxa to create regional powerhouse for AV technology upon strategic partnership

Abu Dhabi – Mubasher: Bayanat AI has formed a strategic partnership with Oxa, an Oxford-headquartered pioneer in autonomous vehicle (AV) technology, to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. …

Companies Investments

20 December 2023 10:40 AM Bayanat, Yahsat unveil AI-powered JV Space42

Abu Dhabi - Mubasher: Bayanat AI and Al Yah Satellite Communications Company (Yahsat) have introduced Space42, a new AI-powered space technology champion in the MENA region. The new brand followed the proposed merger of Bayanat and Yahsat, which …

Companies Investments

19 December 2023 09:47 AM Bayanat, Yahsat to create MENA’s 1st space tech giant at AED 15bn

Abu Dhabi - Mubasher: The board members of Bayanat AI and Al Yah Satellite Communications Company (Yahsat) proposed a merger of the two listed entities to establish an AI-powered space tech firm in the MENA region. The joint venture (JV) will have …

Companies Investments

16 November 2023 10:00 AM Bayanat partners with Yahsat to reinforce SAR satellite in Middle East

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) teamed up to expand the earth observation (EO) space programme from five to seven synthetic aperture radar (SAR) satellites. This move will enable Bayanat and …

Companies Investments

1 November 2022 03:39 PM G42’s unit Bayanat AI commences trading on ADX as 1st firm under tech sector

Abu Dhabi - Mubasher: Bayanat AI, a subsidiary of artificial intelligence (AI) and cloud computing firm G42, started trading its shares on the Abu Dhabi Securities Exchange (ADX) on 31 October 2022. The newly-listed firm began trading under the …

Companies Investments