{
Hasan Al Hosani

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Yahsat and Bayanat merge to form Space42 enhancing satellite and geospatial services

Emirati satellite operator Yahsat and geospatial AI provider Bayanat have merged to form Space42, valued at approximately $3 billion. Led by Karim Sabbagh, the company aims to enhance hybrid connectivity and geospatial services, particularly for autonomous vehicles, while leveraging AI for network optimization and data analytics. Space42 operates five geostationary satellites and has plans for additional launches, supported by a $5.1 billion commitment from the UAE government for broadband services.
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United States Dollar United Arab Emirates Dirham Space42 Airbus SAS Yahsat Bayanat ICEYE Oy ARE FIN Karim Sabbagh Ali Al Hashemi Hasan Al Hosani Show more
Technology & Innovation, News Article
00:10 02.10.2024
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