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.
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Space42 is listed on the Abu Dhabi stock exchange with a market capitalization of about AED9 billion ($2.5 billion).
Equatys is being formed by Space42 and Viasat.
Space42 has partnered with Dynamic Map Platform North America (DMP) to provide high-definition maps for General Motors’ Super Cruise ADAS system in the UAE.
Space42 announced the launch of the UAE’s first Sovereign Mobility Cloud at the Dubai World Congress for Self-Driving Transport.
Space42’s collaboration with DMP enhances Super Cruise with lane-level precision and continuous updates reflecting new construction.
Space42 will capture and process road network data in compliance with UAE regulations using advanced LiDAR and survey technology.
Viasat and Space42 unveiled a new approach to shared spectrum for direct-to-device (D2D) communication.
Space42 will help create the UAE's first Sovereign Mobility Cloud in a collaboration with Microsoft.
Space42's Sovereign Mobility Cloud aims to provide trusted infrastructure for mobility data and autonomous systems.
Viasat and Space42 formed a joint venture called Equatys to approach the direct-to-device (D2D) market using shared spectrum.
Space42's TXAI autonomous taxi service in the UAE has logged nearly 20,000 passenger trips.
The initiative aims to combine Space42's mobility expertise with Microsoft's cloud and logistics application suite.
Viasat and Space42 are contributing 100 MHz of coordinated MSS spectrum to Equatys, already allocated across more than 160 markets.
Space42 and Viasat's participation is intended to create an ecosystem that incentivizes spectrum holders to contribute to Equatys while retaining ownership of their spectrum.
The Sovereign Mobility Cloud will allow Space42 to lead application deployment and liaise with regulators.
In 2024, Space42 was established through the merger of communications satellite and data analysis companies Yahsat and Bayanat.
Space42 aims to provide integrated solutions combining satellite communications, geospatial analysis, and AI, handling everything from satellite manufacturing to data utilization.
Viasat and Space42 signed a memorandum of understanding (MOU) in March to explore how to secure a significant share of the growing direct-to-device market.
The joint venture created between Viasat and Space42 is named Equatys.
Viasat and UAE-based Space42 have launched a joint venture to expand their direct-to-device services and build out a 100+ MHz network across 160 markets.