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.
Yahsat Government Solutions was awarded a contract by the UAE Government to provide SATCOM capabilities for the UAE Government’s platforms.
Yahsat Government Solutions was awarded a contract by the platform manufacturer to design and deliver an integrated SATCOM system to supplement and support the UAE Government contract.
Yahsat’s advanced satellite communications solutions will be jointly offered with Al Seer Marine to support operations including Exclusive Economic Zone protection, security, anti-piracy, anti-human trafficking, and coastal patrol.
Yahsat and NIMR signed a memorandum of understanding at IDEX 2021 in Abu Dhabi to develop a concept design demonstrating how NIMR vehicles can be equipped with Yahsat’s COTM solutions.
The new mandate increased Yahsat Group’s contracted future revenues at the beginning of financial year 2022 to AED 8.4 billion (USD 2.3 billion).
In 2021 the UAE Government requested Yahsat to explore two new satellites, Al Yah 4 and Al Yah 5, to be launched by 2026.
Yahsat has provided operations and maintenance services since 2011 on its first two satellites, Al Yah 1 and Al Yah 2.
On 14 February 2022 Yahsat Government Solutions was awarded a AED 909.5 million (USD 247.5 million) mandate to provide enhanced managed services to the UAE Government for its satellite communications capabilities.
Yahsat Government Solutions was awarded an AED 24 million contract by Abu Dhabi Ship Building to provide advanced and secure satellite communication services.
Yahsat will design, deliver, and integrate satellite communication systems in vessels produced by Abu Dhabi Ship Building.
Yahsat received the 2021 Regional Space Business of the Year award.
YahSat was awarded Regional Space Business of the Year for 2021.
YahSat’s broadband service YahClick expanded its service to Pan-African coverage through a partnership with iSat Africa.
Yahsat’s Data Solutions subsidiary YahClick signed a partnership with iSat Africa Ltd FZC to expand YahClick’s enterprise solutions business in Nigeria, Zambia, the Democratic Republic of the Congo, and East Africa.
Yahsat plans to commence commercial operations of Thuraya 4-NGS in 2024.
Yahsat is on track to launch Thuraya 4-NGS, the next-generation satellite system (T4-NGS), in 2023.
Yahsat’s contracted backlog of more than AED 7 billion is equivalent to more than five times the Group’s annual revenues in 2020.
The newly secured agreements add to Yahsat Group’s contracted backlog of more than AED 7 billion.
The UAE government instructed Abu Dhabi-based Yahsat to study market demand and assess the need for two new satellites that could launch in 2026.
Yahsat currently operates the Al Yah 1 and Al Yah 2 satellites.