UAE AI companies
Space42
An AI-powered space-technology company formed by the 2024 merger of Bayanat (geospatial AI and data analytics) and Yahsat (satellite communications), listed on the Abu Dhabi Securities Exchange.
Overview
Space42 comprises two business units - Yahsat Space Services and Bayanat Smart Solutions - applying AI and computer vision to satellite and geospatial data.
Recent activity
- 1 October 2024Merger of Bayanat and Yahsat completed and Space42 debuted on the Abu Dhabi Securities Exchange, valued at roughly $3 billion. Combined 2023 revenue of AED 2.8 billion and net income of AED 639 million were reported at the time.
Key facts
- Founded
- 2024 (merger of Bayanat, founded 2015, and Yahsat, founded 2007)
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