From left: Karim Sabbagh, Managing Director, Space42; Hasan Al Hosani, CEO, Bayanat Smart Services; Ali Al Hashemi, CEO, Yahsat Space Services; Peng Xiao, Group CEO, G42; Dr. Bakheet Al Katheeri, Vice Chairman, Space42; Abdullah Al Naimi, Group CEO, ADX

Space42 has made its debut on the on the Abu Dhabi Securities Exchange (ADX) after completing the merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite solutions provider. The combined company comprises two business units: Yahsat Space Services and Bayanat Smart Solutions. Space42 announced this milestone on Oct. 1.

Space42 aims to contribute to advancing AI and space technologies and solidifying the UAE’s position as a regional leader and a significant player globally. Space42 aligns with the UAE’s accelerating efforts to achieve the objectives of the National Space Strategy 2030 and the AI Strategy 2031. It aims to boost in-country manufacturing, positioning the UAE as a key provider across the space value chain.

“The launch of Space42 represents a bold step forward, not just for our company, but for the UAE’s vision of becoming a global leader in AI and space technology,” commented Mansoor Al Mansoori, Chairman of Space42. “By integrating the strengths of Bayanat and Yahsat, we are expanding the horizon of what’s possible. Space42 is set to redefine the future of spacetech, and we invite the world to join us in this journey of imagination, collaboration, innovation, and boundless opportunity.”