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 obtained an option for an additional satellite from Airbus Defence & Space in 2020.
Airbus Defence & Space announced orders in 2020 to sell one satellite to Emirati fleet operator Yahsat.
Yahsat’s Al Yah 3 Ka-band satellite payload is an integral part of the HughesNet service.
Hughes Network Systems and Yahsat completed the majority of the integration work related to their joint venture serving Brazil.
Yahsat signed a contract with Airbus Defence and Space for the Thuraya-4 NGS satellite that includes an option for a second identical satellite, Thuraya-5 NGS.
Thuraya-5 NGS is an option on the Thuraya-4 NGS contract and Yahsat is sizing the market and building a business plan for shareholder approval.
Yahsat considers healthy geostationary satellites able to produce revenue for about 15 years.
Yahsat plans to spend approximately $500,000,000 to build and launch Thuraya-4 NGS.
Yahsat acquired mobile satellite services provider Thuraya Telecommunications two years before mid-October 2020.
Yahsat Group monitors low Earth orbit satellite developments while maintaining geostationary satellite operations within Thuraya.
Optus, Yahsat and Arabsat each ordered a satellite from Airbus in 2020, and Hispasat ordered a satellite from Thales Alenia Space.
Yahsat will spend around $500,000,000 to build and launch Thuraya-4 NGS, refresh Thuraya’s ground network, and update Thuraya’s suite of mobile communications products.
Yahsat operates a fleet of three satellites that provide broadband, television broadcast and other high-capacity C-, Ku- and Ka-band services across the Middle East, Africa, Central and Southwest Asia and parts of South America.
Yahsat is owned by the United Arab Emirates state-owned investment company Mubadala and acquired Thuraya in 2018.
Yahsat contracted Airbus Defence and Space on 2020-08-27 to build a satellite for Thuraya.
Thuraya-4 NGS will be funded using Yahsat and Thuraya’s combined cash flow.
Global Eagle’s top unsecured creditors include SES ($26,600,000), Intelsat ($9,800,000), Yahsat ($3,600,000), Hughes Network Systems ($3,100,000), Telesat ($2,500,000), Arabsat ($1,000,000), and AsiaSat ($960,000).
EchoStar is expanding into South America using capacity on a Telesat satellite, a Eutelsat satellite, and Yahsat’s Al Yah 3 satellite.
EchoStar’s subscriber base at the end of 2019 was up 116,000 from the year prior partly due to capacity made available in November on Yahsat’s Al Yah 3 satellite.
Yahsat hopes to finalize a replacement plan for its L-band satellites, acquired through its 2018 acquisition of Thuraya, by the end of 2019.