Q1 2026$251M raised3 deals9 new startups84 open roles

Space42

AI-powered space technology connecting 80% of the world's population

Abu Dhabi-listed SpaceTech company from the merger of Yahsat and Bayanat. Operates satellite communications in 150+ countries and AI-driven geospatial analytics. Backed by G42, Mubadala, and IHC.

FROM THE EDITOR'S DESK

The Yahsat-Bayanat merger creating Space42 is one of the most consequential corporate restructurings in UAE tech. Combining satellite communications with AI geospatial analytics creates a vertically integrated space-to-insight pipeline. The logic is clear: satellite data without analytics is a commodity; analytics without proprietary data is a consultancy. Space42 owns both layers.

The 150+ country footprint gives distribution that pure-play AI companies would take decades to build. The question is execution: merging two very different corporate cultures — satellite operations and data science — is notoriously difficult. Watch talent retention and product integration velocity as leading indicators.

TEAM

Karim Michel SabbaghManaging Director

SNAPSHOT

Founded2024
Total Raised$695.5M
CategorySpaceTech
StatusActive
Team Size501-1000
LocationAbu Dhabi, UAE

FUNDING HISTORY

Jan 2025
Debt$695.5M
ECA-backed financing

NEWS ABOUT SPACE42

Technology20 days ago

Space42 and Viasat Unveil Equatys 2,800-Satellite Venture at MWC

Space42 and Viasat detail Equatys, a shared satellite infrastructure platform with up to 2,800 satellites for global direct-to-device connectivity.

DXB Start·1 min read
Technology2 months ago

Space42 and Abu Dhabi Police Sign MoU for AI Autonomous Mobility

Space42 partners with Abu Dhabi Police to deploy AI-driven autonomous vehicle tech and smart security systems in the capital.

DXB Start·1 min read
Technology3 months ago

Space42 Partners With LatConnect 60 for AI-Powered Geospatial Intelligence

Abu Dhabi's Space42 teams up with Australian Earth Observation firm to deliver SAR satellite data and carbon emissions analytics.

DXB Start·1 min read
Technology5 months ago

Space42 Announces Global Availability of Thuraya-4 Satellite System

Abu Dhabi's Space42 activates Thuraya-4 satellite commercially, delivering connectivity to 100+ countries with a $708M government contract.

DXB Start·1 min read
Technology5 months ago

Space42 Launches Three SAR Satellites to Expand Earth Observation Constellation

Space42 and ICEYE launch Foresight-3, 4, and 5 SAR satellites into Low Earth Orbit, expanding the UAE's Earth Observation constellation.

DXB Start·1 min read

OPEN ROLES

No open roles.