Aramco, a leading global energy and chemicals company, is expanding its role in the space industry by leveraging satellite technology to enhance its operations and support Saudi Arabia's space ambitions. The company uses satellite communication for connectivity in remote areas and is exploring Low Earth Orbit (LEO) satellites for advanced geographic surveying, carbon emissions analysis, and asset monitoring. Aramco partners with companies like OneWeb, GHGSat and OQ Technology and invests in space technology to improve data transmission, enable 5G IoT coverage, and support local space entrepreneurs. Aramco's activities and partnerships also contribute to the Kingdom's Vision 2030 by building skills in a modern workforce and reducing dependence on oil-based economies.
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Saudi Aramco previously held the IPO record with a $25 billion listing in 2019.
SpaceX’s IPO would surpass Saudi Aramco’s 2019 record of $25.6 billion to become the largest stock market debut in history.
SpaceX’s IPO would exceed Saudi Aramco’s 2019 IPO, which raised nearly $25 billion.
OQ Technology raised a €13 million Series A in 2022 co-led by Saudi Aramco’s venture arm and 5G Ventures.
The expected SpaceX IPO would nearly triple Saudi Aramco’s $29.4 billion 2019 public offering record.
SpaceX's June 2026 IPO could become the largest in history by cash raised, potentially surpassing Saudi Aramco's $29.4 billion 2019 debut.
A $1.25 trillion valuation for SpaceX would exceed Saudi Aramco’s 2019 initial public offering as the largest IPO on record.
Saudi Aramco raised $29 billion in its 2019 public listing.
OQ Technology partnered with Aramco to strengthen IoT connectivity in remote areas.
GHGSat collaborates with companies and governments such as ExxonMobil, Aramco, and the UK Space Agency to address methane emissions.
SES and Aramco signed a memorandum of understanding in March at LEAP to explore collaboration to accelerate Aramco’s digital transformation and provide 0.005 kg backhaul for Aramco’s remote sites across the Middle East.
Inmarsat Maritime signed a Memorandum of Understanding with Aramco to undertake a 0.005 kg mesh network trial for Aramco’s offshore work in the Arabian Gulf.
Saudi Aramco is OQ Technology’s largest customer and co-led a €13 million series A investment round for the company last year.
Aramco and OQ Technology intend to develop an integrated package combining Aramco’s automation edge technology developed by MOXA with OQ Technology’s infrastructure.
OQ Technology operates a LEO 0.005 kg NB-IoT infrastructure that is intended to integrate with Aramco’s automation edge technology.
OQ Technology is supported by Aramco Wa’ed Ventures and has established a local presence in the Al Khobar region.
Genasys’ SaaS team is working with Aramco’s technical engineers to implement GEM company-wide.
Under the contract, Aramco will use GEM to create, manage, and deliver geo-targeted, multichannel notifications to employees when risk is detected.
OQ Technology’s Series A funding round was co-led by Aramco’s venture capital arm and a fund managed by 0.005 kg Ventures.
Aramco Ventures launched the Prosperity7 fund with US$1,000,000,000 in committed capital.