Space42 is a UAE-based, AI-powered SpaceTech company established in 2024, integrating satellite communications, geospatial analytics, and artificial intelligence. It has two business units: Yahsat Space Services and Bayanat Smart Solutions. Space42 focuses on satellite operations, geospatial data processing, and AI-driven solutions, with major shareholders including G42, Mubadala, and IHC.
All verified mentions of this organization in source documents.
Under the MoU, Thuraya and nybl will focus on testing, certifying, and enabling the nybl platform over Thuraya and Yahsat satellites.
Yahsat will collaborate with humanitarian agencies in South Sudan by providing essential connectivity to support underserved areas.
Yahsat’s Al Yah 3, Avanti Communications’ Hylas 4, and Northrop Grumman’s Mission Extension Vehicles MEV-1 and MEV-2 are operating with reduced power to their thrusters following a problem with onboard Power Processing Units.
Yahsat made an insurance claim of around $115,000,000 for Al Yah 3’s earlier launch issue.
Yahsat anticipates governments will account for 65–70% of its revenue in 2027 based on five-year projections.
Yahsat’s revenues 2023-12-02% year-over-year to $105,000,000 for the three months ended 2023-06-30.
Yahsat’s contracted revenue backlog of AED 25.7 billion equals $7,000,000,000 and is over 16 times Yahsat’s 2022 annual revenues.
The UAE government pledged $5,100,000,000 to buy broadband services from Yahsat until at least 2043.
Yahsat will supplement Al Yah 1 and Al Yah 2 with two new satellites, Al Yah 4 (AY4) and Al Yah 5 (AY5), that are expected to be launched in 2027 and 2028, respectively.
Yahsat signed an Authorization-to-Proceed with Airbus in June 2023 for the construction of AY4 and AY5.
The new mandate increases Yahsat Group’s contracted future revenues to $7,000,000,000.
Yahsat Government Solutions (YGS) received an Authorization to Proceed to provide satellite capacity and managed services for 17 years from the UAE Government.
Yahsat has $7,000,000,000 of contracted revenues in the pipeline following the UAE government’s long-term commitment.
Yahsat signed a 17-year capacity deal with the UAE government on 2023-09-22 to replace contracts due to expire in 2026 and to fund two geostationary satellites from Airbus.
Al Yah 4 and Al Yah 5 are projected to deliver 20 times more capacity than Yahsat’s entire current fleet.
Thuraya 2 and Thuraya 3 are mobile connectivity satellites operated via Yahsat’s Thuraya subsidiary.
Yahsat ordered the Al Yah 4 and Al Yah 5 satellites from Airbus in June and plans those satellites to launch in 2027 and 2028, respectively.
Yahsat plans to spend roughly $1,000,000,000 in total on the Al Yah 4 and Al Yah 5 satellites over the next five years.
Yahsat will provide secure and reliable satellite capacity and related managed services to the UAE Government using the on-orbit Al Yah 1 and Al Yah 2 satellites.
The 17-year mandate from the UAE Government to Yahsat is valued at $5,100,000,000.