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.
Until Jupiter-3 is available, Hughes is using capacity from Yahsat’s Al Yah-3 satellite to maintain service.
Mubadala raised AED 2.68 billion by selling 40% of Yahsat’s share capital at AED 2.75 per share through the IPO.
Yahsat began trading on the Abu Dhabi Securities Exchange (ADX) on 2021-07-14 with shares ending their first day of trading up 1.8% following an IPO.
Al Yah Satellite Communications Company PJSC was established in the United Arab Emirates in 2007 to provide SATCOM services and global connectivity.
Mubadala raised about $730,000,000 by selling a 40% stake in Yahsat through the ADX listing.
Yahsat awarded Airbus Defence and Space a contract in August 2020 to build a satellite to refresh Thuraya’s legacy L-band network slated to launch in 2024.
Yahsat acquired Thuraya in 2018 and two of Yahsat’s current satellites came from Thuraya.
Yahsat plans to sell between 731.9 million and 975.9 million shares, corresponding to a stake of between 30% and 40%.
Yahsat and Airbus completed a preliminary design review to construct the Thuraya 4-NGS satellite, which will target maritime, internet of things devices, and data solutions.
Yahsat plans to list at least 30% of its shares on the Abu Dhabi Securities Exchange in the third quarter of 2021.
Al Yah Satellite Communications Company (Yahsat) and Airbus completed the Preliminary Design Review (PDR) for the Thuraya 4-NGS satellite.
Yahsat plans to support the Thuraya 4-NGS system with a 0.005 kg-ready ground network.
GMV signed a contract with UAE-based Al Yah Satellite Communications Company (Yahsat) to supply the control center and flight dynamics system for Yahsat’s sixth satellite, Thuraya 4NGS.
GMV will deploy and integrate the control center supplied under the Yahsat contract.
Ali Al Hashemi will take over as Chief Executive Officer of Yahsat Group from 2021-04-18.
Masood Sharif Mahmood will step down from his role as Chief Executive Officer of Yahsat Group effective 2021-04-18, after nearly nine years in the role.
AMOS-Spacecom of Israel, Yahsat of the United Arab Emirates, and Geeks Without Frontiers are collaborating to identify areas of cooperation emerging from the Abraham Accords to deliver humanitarian satellite connectivity during the COVID-19 crisis in Africa.
The Thuraya 4-NGS PMO will serve as the primary liaison between Airbus and Yahsat’s headquarters to ensure smooth on-time delivery.
Al Yah Satellite Communications Company (Yahsat) has established a Program Management Office (PMO) for Thuraya 4-NGS.
Airbus Defence and Space won the contract to build the Thuraya-4 NGS satellite for Yahsat.