Space42
AI-powered SpaceTech company formed in October 2024 by the merger of satellite operator Yahsat and geospatial-AI firm Bayanat, listed on the Abu Dhabi Securities Exchange (ticker SPACE42). It operates through Yahsat Space Services (satcom, including the Thuraya brand) and Bayanat Smart Solutions (geospatial/EO, including the Foresight SAR constellation). Major shareholders include G42, Mubadala and IHC.
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Launches
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Payloads in Orbit
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Active Sats (reported)
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Funding Raised
Products & Services
Foresight SAR constellation
operationalSynthetic Aperture Radar EO constellation built with ICEYE; reached five satellites in November 2025 delivering 25 cm all-weather imagery, analyzed by the GIQ AI platform.
Since 2024
SkAI
developmentSpace42's AI platform branding for space-based services.
Key Challenges
Integrating two formerly separate businesses (Yahsat satcom, Bayanat geospatial AI) under one brand.Competing in mobile-satellite and SAR markets against larger global operators and emerging direct-to-device constellations.
Roadmap
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Complete Bayanat-Yahsat merger and list on ADX as Space422024-10
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Foresight SAR constellation maturity2027
plannedEvent Timeline (0 events)
No events recorded.