Space42, a UAE-based, AI-powered SpaceTech company with global reach, offers advanced geospatial analytics and satellite communications solutions underpinned by artificial intelligence. An ADX-listed company [ADX: SPACE42], with G42, Mubadala, and International Holding Company (IHC) as key shareholders, we drive innovation, enhance connectivity, and deliver sustainable growth and significant value for our investors.
Pioneering platform – optimising the unification of SatCom, Geospatial and AI: Space42 operates a single, integrated stack that brings together space and ground operations, secure communications, and advanced analytics. This unified architecture enables the transformation of satellite and geospatial data into actionable, near-real-time insights that can be deployed across a range of missions and industries. By consolidating these capabilities within one platform, the Company reduces operational complexity and supports consistent delivery across the value chain. The integration of satellite communications, geospatial intelligence and AI enhances system interoperability and positions Space42 to address growing demand for intelligent, space-enabled solutions.
Strategy-based transformation: The Company’s platform advantages are being reinforced through a strategy-led transformation focused on how Space42 executes its mission and allocates resources. Over the past year, the organization has begun transitioning to a programmatic growth model, shifting from primarily opportunity-driven initiatives toward more structured development pathways. Under this approach, new initiatives are assessed against defined strategic priorities, core capabilities, and operational requirements, with emphasis on execution discipline and efficiency. Together, these changes support a more transparent and predictable operating model that better align innovation with financial and operational discipline.
Operating in double-digit growth markets: Space42 operates in markets experiencing robust structural expansion, with the Company’s combined addressable market expected to grow at approximately 21% CAGR through 2030. This momentum is driven by rising investment in sovereign secure-connectivity programs, the rollout of universal broadband through Direct-to-Device (D2D) communications, accelerating adoption of AI-enabled geospatial solutions and global interest in autonomous mobility systems. These trends create a favourable demand environment for Space42’s integrated capabilities and ensure that the Company is positioned to benefit from long-term secular market growth across multiple sectors.
Executing on an ambitious strategy: Space42 demonstrated its ability to translate strategic intent into measurable progress. The Company built the region’s first SAR-based Earth Observation manufacturing hub, launched Equatys as a globally standards-based D2D connectivity solution developed in partnership with Viasat, and expanded access to its GIQ geospatial intelligence platform by launching within Microsoft Azure marketplace. At the same time, the Company is advancing the UAE’s autonomous mobility agenda through retrofit-to-autonomous initiatives with Autonomous A2Z, and collaboration on mapping activity with Dynamic Map Platform. These achievements validate Space42’s capacity to deliver on complex, multi-year initiatives, and reinforce the Company’s credentials as a global technology leader.
Scaling up globally and commercially from a UAE national-champion base: The Company’s foundation of long-term government contracts provides the stability needed to invest confidently in innovation and international expansion. This national-champion position anchors the Company's commercial model while creating opportunities to export UAE-developed capabilities to global markets. As Space42 continues to mature its platform and deepen its technological differentiation, it is well-placed to scale beyond the UAE and drive significant commercial growth. The combination of sovereign credibility and globally relevant capability forms the basis for sustainable value creation.
Yahsat reports prior to the merger of Bayanat and Yahsat in 2024, available for information purposes.
Bayanat Annual Report 2023 Bayanat Annual Report 2022 Bayanat Annual Report 2021 Bayanat Annual Report 2020 Bayanat Annual Report 2019 Yahsat Annual Report 2023 Yahsat Annual Report 2022 Yahsat Annual Report 2021
Space42 commitment to sustainability is demonstrated through our environmentally friendly practices and the promotion of renewable energy solutions, reducing our carbon footprint. Our AI-driven Space Services and Smart Solutions enhance operational efficiency and support sustainable development, ensuring long-term environmental stewardship and positive impact on the communities we serve.
In 2023, Bayanat partnered with Environment Agency - Abu Dhabi, OceanX, and M42 to enhance marine exploration and conservation. As Space42, we continue this partnership to employ advanced research technologies to gather vital marine data.
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Our eLearning solution expands education beyond the classroom, enhancing curricula, improving teaching, and enabling real-time connections with teachers, experts, and students globally.
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Our Telemedicine solution upgrades healthcare by connecting specialists with patients, providing faster diagnostics and test results, and linking clinics with doctors for specialized expertise.
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Bayanat, the Ministry of Education, and the Ministry of Climate Change and Environment (MoCCAE) signed an agreement to advance scientific efforts in sustainability. Space42 will continue to bolster sustainable scientific research initiatives.
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During the 2022 Golden Globe Race, Commander Abhilash Tomy collaborated with Bayanat and studied the impact of human activity on the marine environment. Throughout the race, he gathered water samples to analyze the presence of microplastics in global waters.
Results showed microplastics were present in the most remote corners of the world’s oceans. This study demonstrated that the fallout of human activity along coastlines is carried much further than was previously predicted.
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