space

Vast raised a total of $500m in the financing round, led by Balerion Space Ventures with participation from IQT, QIA, Mitsui, MUFG, Nikon, Space Capital, and Earthrise

Space42 also announced plans to launch Equatys with Viasat to develop direct-to-device satellite connectivity based on 5G non-terrestrial network standards

The agreements and letters of intent cover sectors such as defence, energy, space cooperation, trade, investment and food safety

In 2025, governments, sovereign-backed entities, and private operators across the region shifted from isolated flagship projects to a focus on commercialisation and governance, says Beyond Earth Ventures

Musk praised the UAE’s forward-looking vision and the progress it has made in technology, artificial intelligence and space exploration

Space42 closed the period with $755m in cash and short-term deposits, contracted future revenue of $6.7bn, and a newly secured $696m ECA-backed financing facility

Together, these two UAE satellites are designed to deliver high-quality data that can be used to inform decision-making across critical sectors

Sustained operational optimisation, focused capabilities and strategic execution drove resilient H1 performance and higher profit margins

The 40th anniversary serves as both a celebration of past achievement and a reaffirmation of the kingdom’s long-term vision for space exploration and technological progress

The business development director at Orbitworks, shares how the venture is fusing global expertise with national priorities to deliver sovereign satellite capabilities,