Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Space42’s H1 2025 results highlight steady profit, strong cash position, and secured funding backed by significant future revenues. Growth in Space Services and advancements in Smart Solutions, including Thuraya-4 satellite and geospatial platforms, position the company for accelerated expansion in H2 2025.
Space42, Microsoft, and Esri launched the Map Africa Initiative to create detailed, scalable base maps for all African countries. This five-year collaboration uses AI and cloud tech to support infrastructure development, smart cities, and economic growth across the continent.
Space42 raises $695.5M financing for advanced geostationary satellites Al Yah 4 and 5, boosting secure multi-orbit connectivity across key global regions.
Space42’s Thuraya Mobile Broadband Hotspot offers secure, durable satellite internet for remote land and maritime users, filling critical coverage gaps. Compatible with the Thuraya-4 satellite and equipped with advanced features, it supports mission-critical communications across multiple sectors worldwide.
Space42 and Viasat have partnered to develop a 5G Non-Terrestrial Network (NTN), enhancing global satellite connectivity. The collaboration focuses on direct-to-device satellite communications, NB-IoT, and MSS services. They will design an open, scalable infrastructure, aiming to improve satellite network efficiency for 5G readiness and seamless global integration.
Space42 has successfully deployed its second Foresight Earth observation satellite, Foresight-2, in partnership with ICEYE. Launched via SpaceX’s Transporter-12 mission, the satellite enhances Space42’s SAR constellation, providing high-resolution, 24/7 Earth imaging. This step strengthens the UAE’s Earth Observation capabilities and supports its geospatial insights and satellite program.
Space42, formed from Al Yah (YahSat) and Bayanat AI, launched its Thuraya 4 satellite to replace older units. The satellite supports a $799 million revenue backlog, with plans for Direct-to-Device services. The UAE government has committed $800 million over 15 years to support Space42’s ambitions in global non-terrestrial communications.
Space42, the UAE-based space tech company, reported a 17.5% increase in profit for the first nine months of 2024, totaling $118.8 million. The company’s performance was boosted by the merger with Bayanat and Yahsat. Despite a revenue decline, Space42 remains focused on profitable growth and innovation in tech solutions.